Financial Privacy Act of 2025

HR 1602, the Financial Privacy Act of 2025, requires the Treasury Secretary to report annually to Congress on how law enforcement and intelligence agencies access FinCEN’s financial data. It mandates detailed reports on the volume of reports filed (like Currency Transaction Reports), how many are retained, and protocols governing agency access - including denials of access requests. The bill also requires annual review of these protocols with the Director of National Intelligence and Attorney General to better align data use with security needs while protecting privacy rights. The provisions expire after 7 years, with no changes to existing data collection rules.