H.R. 5451: Protecting Financial Privacy Act of 2021

117th Congress · introduced 2021-09-30 · Finance and Financial Sector · Latest: Referred to the House Committee on Financial Services.

federal

Follow this bill, step by step

Where it came from: introduced 2021-09-30 · official record
Who proposed it: Rep. Hinson, Ashley [R-IA-1] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the House Committee on Financial Services. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Protecting Financial Privacy Act of 2021

Plain summary

Protecting Financial Privacy Act of 2021 This bill prohibits a federal agency from creating, implementing, or administering a program that requires financial institutions or individuals to report on the balances of, transactions involving, or transfers into and out of financial accounts. This prohibition does not apply to laws or regulations in effect on September 1, 2021, or to the Bank Secrecy Act (laws that require financial institutions and other entities to report on certain financial transactions to prevent money laundering, the financing of terrorism, and other criminal activity). This prohibition does apply, however, to regulations issued under the Bank Secrecy Act after September 1, 2021.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Protecting Financial Privacy Act of 2021

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Hinson, Ashley [R-IA-1] · 65 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

John R. Moolenaar (R-MI), Earl L. "Buddy" Carter (R-GA), Andrew R. Garbarino (R-NY), Lauren Boebert (R-CO), Trent Kelly (R-MS), Michael Guest (R-MS), Steve Womack (R-AR), Charles J. "Chuck" Fleischmann (R-TN), Ted Budd (R-NC), Carlos A. Gimenez (R-FL), Michael Cloud (R-TX), Jack Bergman (R-MI), Mario Diaz-Balart (R-FL), John Joyce (R-PA), Thomas P. Tiffany (R-WI), Daniel Meuser (R-PA), Ralph Norman (R-SC), Stephanie I. Bice (R-OK), Virginia Foxx (R-NC), Mike Bost (R-IL), Richard Hudson (R-NC), Warren Davidson (R-OH), Burgess Owens (R-UT), Maria Elvira Salazar (R-FL), Mariannette Miller-Meeks (R-IA), Cliff Bentz (R-OR), Blake D. Moore (R-UT), Pat Fallon (R-TX), Claudia Tenney (R-NY), Tom Emmer (R-MN), Glenn Thompson (R-PA), Brian K. Fitzpatrick (R-PA), Tracey Mann (R-KS), Scott Franklin (R-FL), Mary E. Miller (R-IL), Jim Banks (R-IN), David G. Valadao (R-CA), Bill Huizenga (R-MI), Pete Stauber (R-MN), Thomas Massie (R-KY), Young Kim (R-CA), Julia Letlow (R-LA), Nicole Malliotakis (R-NY), Ben Cline (R-VA), Tom McClintock (R-CA) and 5 more.

Sponsor's campaign money: Rep. Hinson, Ashley [R-IA-1] reported raising $5.6 million (2023–2024). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117hr5451.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hr>

Record fed-us-cong117-hr5451 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117