Saving Privacy Act

This bill would remove or limit many of the rules that currently require banks and other financial companies to report people's financial information to the government. Right now, banks have to report things like money transfers over $10,000 to help detect illegal activity, but this bill would make it so the government could only get that kind of information with a search warrant based on probable cause. The bill would also reduce reporting rules for things like business ownership records, online payment platforms, and stock market tracking data, and it would require Congress to approve major regulations from financial regulatory agencies, including rules already in place. It would also block the government from creating a digital version of the dollar and protect people's right to use virtual currencies on their own.

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