Financial Privacy Act of 2025

# Financial Privacy Act of 2025 Summary **What It Would Do** This bill would require the U.S. Department of the Treasury to provide Congress with annual reports about the Financial Crimes Enforcement Network (FinCEN). FinCEN currently collects reports on suspicious financial transactions and information about who actually owns companies—data used to detect money laundering and other financial crimes. Under this bill, Treasury would report details about what FinCEN collects, how many reports they receive, whether other government agencies access this information, and any requests for access that were denied.

The bill also directs Treasury to regularly review its rules about who can access this sensitive financial data. **Who It Affects and Key Provisions** This bill primarily affects Congress (which would receive more transparency about FinCEN operations), law enforcement and financial institutions (which report to FinCEN), and potentially U.S. citizens and businesses (whose financial data FinCEN holds). The main goal is increased congressional oversight of FinCEN's activities and greater emphasis on protecting the privacy rights of Americans when their financial information is shared among government agencies. The bill doesn't change what FinCEN collects or fundamentally alter how financial crime investigations work—it focuses on transparency and accountability. **Current Status** The bill was introduced in the 119th Congress and is currently in committee, meaning it has not yet been voted on by the full House of Representatives.