Saving Privacy Act

Bill 119 HR 2155, also known as the "Preserving Financial Privacy Act," aims to amend the Right to Financial Privacy Act of 1978 in order to protect the confidentiality of certain financial records. The bill seeks to ensure that individuals' financial information remains private and secure, while also allowing for necessary law enforcement access to these records in cases of suspected criminal activity.

The main purpose of this bill is to strike a balance between protecting individuals' privacy rights and allowing for the investigation and prosecution of financial crimes. By preserving the confidentiality of certain financial records, the bill aims to prevent unauthorized access to sensitive information and safeguard individuals' personal and financial data.

In addition to preserving financial privacy, the bill also includes provisions for enhancing cybersecurity measures and improving data protection protocols. These measures are designed to prevent data breaches and unauthorized access to financial records, further ensuring the security and privacy of individuals' information. Overall, Bill 119 HR 2155 seeks to strengthen the protections afforded to individuals' financial information, while also providing law enforcement with the necessary tools to combat financial crimes. By striking a balance between privacy rights and law enforcement needs, the bill aims to promote financial security and protect individuals' personal data.