S. 3056 · 117th Congress · 2021–2022
Prohibiting IRS Financial Surveillance Act
S. 3056 in the 117th Congress (2021–2022) was introduced on Oct 21, 2021, sponsored by Tim Scott with 49 co-sponsors.
During the 117th Congress (2021–2022), Joe Biden was president, and Democrats held the House majority and Republicans the Senate majority.
- Status
- Introduced
- Introduced
- Oct 21, 2021
- Co-sponsors
- 49
- Policy area
- Finance and Financial Sector
What it does
Prohibiting IRS Financial Surveillance Act This bill prohibits the Department of the Treasury from requiring a financial institution to report the balances, transactions, or the transfers into and out of a financial account. This prohibition does not apply to laws or regulations in effect on the date of enactment.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Tim Scott (R-SC). Co-sponsors: 49 Republicans.
Where it stands
- IntroducedOct 21, 2021
- Passed the Senate—
- Passed the House—
- Sent to the President—
- Became law—
Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Oct 21, 2021)
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- H.R. 1996: SAFE Banking Act of 2021
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “S. 3056 (117th Congress): Prohibiting IRS Financial Surveillance Act,” https://www.capitolreceipts.com/bill/117-s-3056/prohibiting-irs-financial-surveillance-act (accessed 2026-10-17).