,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #afjb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,febru>y #bf1         
#bjbe,mr4 ,davidson 7= himself & ,mr4   
,himes7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to require !      
,secret>y ( ! ,treasury to provide =    
great] transp>5cy & protections ) reg>d 
to ,bank ,secrecy ,act reports1 & = o!r 
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,f9ancial ,privacy ,act (  
#bjbe4  #b4 ,f9d+s ,! ,congress f9ds !  
foll[+3  7#a7 ,pursuant to ! ,bank      
,secrecy ,act 7,,bsa71 ! ,secret>y ( !  
,treasury1 act+ ?r\gh ! ,f9ancial       
,crimes ,en=cem5t ,network 7,fin,c,e,n71
 collects millions ( reports annually on
 ! economic activity ( ord9>y ,am]icans4
  7#b7 ,s9ce #bjja1 ,fin,c,e,n has      
appli$ ! ,,bsa to collect ov]           
#cbb1jjj1jjj ,curr5cy ,transaction      
,reports & m ?an #cf1jjj1jjj ,suspici\s 
,activity ,reports1 z well z ne>ly      
#e1jjj1jjj ,=m #hcjj ,reports4 ,9       

addition1 ,fin,c,e,n expects to amass   
b5eficial own]%ip in=mation 7,,boi7 f   
#cb1jjj1jjj companies 9 its initial ye> 
( collection1 plus #e1jjj1jjj additional
 companies implicat$ ea* ye> !reaft]4   
7#c7 ,! mass ( report+ collect$ by      
,fin,c,e,n sugge/s t1 :ile c]ta9 ,,bsa  
reports might prove useful to combat    
illicit f9ance1 ! bulk ( ,,bsa-relat$   
data may possess little to no nexus to  
legitimate law en=cem5t or intellig5ce  
purposes1 ev5 z x encompasses highly    
s5sitive details on ! ev]yday lives (   
,am]icans4  7#d7 ,by law1 ! ,secret>y ( 
! ,treasury mu/ ensure ! security &     
confid5tiality ( ,,bsa data4 ,9 a       
,notice ( ,propos$ ,rulemak+ f ,decemb] 
#bjbb1 ,fin,c,e,n ackn[l$g$ t ,,boi is  
highly s5sitive in=mation4 ,fin,c,e,n   
!re=e views x z critical to mitigate !  
risk ( unau?oriz$ disclosure ( ,,boi z  
mu* z possible44  #c4 ,reports to       
,congress2 ,review ( protocols = ag5cy  
access to reports  7a7 ,9 g5]al ,*apt]  
#ec ( title #ca1 ,unit$ ,/ates ,code1 is

 am5d$-- 7#a7 9 sub*apt] ,,ii1 by ins]t+
 aft] section #ecbf ! foll[+3  #ecbg4   
,reports to ,congress2 ,review (        
protocols = ag5cy access to reports  7a7
 ,reports to ,congress ,n lat] ?an #ahj 
days foll[+ ! date ( ! enactm5t ( ?is   
section1 & annually !reaft]1 ! ,secret>y
 ( ! ,treasury %all submit to !         
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate a report conta9+ ! foll[+3 7#a7  
,! numb] ( reports1 by type1 fil$ ea*   
ye> ) ! ,f9ancial ,crimes ,en=cem5t     
,network 7,fin,c,e,n7 "u ?is sub*apt]   
s9ce ,janu>y #a1 #bjbb4  7#b7 ,! total  
numb] ( reports fil$ "u ?is sub*apt]    
reta9$ by ,fin,c,e,n4  7#c7 ,a          
description ( any writt5 protocols or   
guidance f ! ,secret>y to national      
security1 law en=cem5t1 or intellig5ce  
ag5cies reg>d+ ag5cy access to1 &       
ret5tion or dissem9ation (1 in=mation   
held by ,fin,c,e,n f reports fil$ "u ?is
 sub*apt]1 includ+--  7,a7 a description

 ( any updates to ! protocols or        
guidance dur+ ! report+ p]iod2  7,b7 !  
numb] ( qu]ies by su* ag5cies to access 
! in=mation dur+ ! report+ p]iod2 &     
7,c7 any d5ials ( reque/s =1 or         
revocations (1 access by a national     
security1 law en=cem5t1 or intellig5ce  
ag5cy1 or by any employee !re(1 ) a     
description ( ! reasons = ! d5ial or    
revocation1 z ! case may be4  7b7       
,review & revision ( protocols ,9       
consultation ) ! ,director ( ,national  
,intellig5ce & ! ,attorney ,g5]al1 !    
,secret>y ( ! ,treasury %all annually   
review &1 z appropriate1 revise any     
writt5 protocols or guidance describ$ "u
 subsection 7a7 = ! purposes (--  7#a7  
bett] tailor+ ! collection1 ret5tion1 & 
dissem9ation ( in=mation fil$ "u ?is    
sub*apt] to au?oriz$ national security1 
law en=cem5t1 or intellig5ce objectives2
  7#b7 en=c+ prohibitions aga9/         
unau?oriz$ disclosure ( su* in=mation2 &
  7#c7 protect+ fully ! legal rights (  
all ,unit$ ,/ates p]sons1 includ+       

fre$oms1 civil lib]ties1 & privacy      
rights gu>ante$ by ,f$]al law4  7c7     
,congressional reque/s2 notice ( *anges 
7#a7 ,reque/s = in=mation ,^u reque/ ( !
 *air or rank+ memb] ( ! ,committee on  
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives or ! ,committee on      
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate1 ! ,secret>y %all provide a copy 
( any writt5 protocols or guidance      
describ$ 9 subsection 7a77#c74  7#b7    
,notice ( *anges ,n lat] ?an #cj days   
aft] revis+ any writt5 protocols or     
guidance describ$ 9 subsection 7a77#c71 
! ,secret>y %all provide a copy ( su*   
revis$ writt5 protocols or guidance to !
 ,committee on ,f9ancial ,s]vices ( !   
,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate4  2 &  7#b7 9 ! table ( cont5ts =
 su* *apt]1 by ins]t+ aft] ! item relat+
 to section #ecbf ! foll[+3  #ecbg4     
,reports to ,congress2 ,review (        
protocols = ag5cy access to reports4  4 
7b7 ,sunset ,on ! date t is ! end ( !   

#g-ye> p]iod beg9n+ on ! date ( enactm5t
 ( ?is ,act-- 7#a7 section #ecbg ( title
 #ca1 ,unit$ ,/ates ,code1 is repeal$2 &
  7#b7 ! table ( cont5ts = *apt] #ec (  
title #ca1 ,unit$ ,/ates ,code1 is am5d$
 by /rik+ ! item relat+ to section      
#ecbg4