,i #aaith ,,congress #ast ,session ,h4 ,r4 #ecc ,,in ,,the ,,house ,,of ,,representatives ,january #af1 #bjbe,mr4 ,rose 7for himself and ,mr4 ,ogles7 introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to make reforms to the ,bank ,secrecy ,act1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,bank ,privacy ,reform ,act4 #b4 ,bank ,secrecy ,act reforms 7a7 ,right to ,financial ,privacy ,act of #aigh ,the ,right to ,financial ,privacy ,act of #aigh 7#ab ,u4,s4,c4 #cdja et seq47 is amended-- 7#a7 by amending section #aajb to read as follows3 #aajb4 ,confidentiality of records--,government authorities ,except as provided by subsection 7c7 or 7d7 of section #aajc or section #aaac1 no ,government authority may have access to or obtain copies of1 or the information contained in the financial records of any customer from a financial institution unless the financial records are reasonably described and such financial records are disclosed in response to a search warrant which meets the requirements of section #aajf4 2 7#b7 by striking sections #aajd1 #aaje1 #aajg1 #aajh1 and #aaad2 7#c7 in section #aaji7;a71 by striking section #aajd7;c71 #aaje7b71 #aajf7;c71 #aajg7b71 #aajh7d71 and inserting section #aajf7;c72 and 7#d7 in section #aaac1 by striking subsections 7c7 through 7r74 7b7 ,title #ca ,chapter #ec of title #ca1 ,united ,states ,code1 is amended-- 7#a7 by amending section #ecaa to read as follows3 #ecaa4 ,declaration of purpose ,it is the purpose of this subchapter to require financial institutions to retain transaction records that include information identified with or identifiable as being derived from the financial records of particular customers4 2 7#b7 in section #ecab7;a7-- 7,a7 in paragraph 7#c7-- 7i7 in subparagraph 7,b71 by adding and at the end2 7ii7 by striking subparagraph 7,c72 and 7iii7 by redesignating subparagraph 7,d7 as subparagraph 7,c72 and 7,b7 by amending paragraph 7#d7 to read as follows3 7#d7 nonfinancial trade or business means any entity engaged in trade or business other than a financial institution4 2 7#c7 by striking sections #ecac1 #ecad1 #ecae1 #ecaf1 #ecag1 #ecah;,a1 #ecbd1 #ecbf1 #ecca1 #eccb1 and #eccf2 7#d7 in section #ecah-- 7,a7 in subsection 7a7-- 7i7 by striking 7except under section #ecae of this title and regulations prescribed under section #ecae72 7ii7 by striking paragraph 7#b72 and 7iii7 by redesignating paragraphs 7#c7 through 7#g7 as paragraphs 7#b7 through 7#f71 respectively2 and 7,b7 in subsection 7k7-- 7i7 in paragraph 7#a77;,c71 by striking has the same meaning as in section #ecah;,a7e77#a77;,b7 and inserting means an account established to receive deposits from1 make payments on behalf of a foreign financial institution1 or handle other financial transactions related to such institution2 and 7ii7 in paragraph 7#c77;,a77i7-- 7,i7 in subclause 7,,ii71 by adding or at the end2 7,,ii7 in subclause 7,,iii71 by striking 2 or and inserting a period2 and 7,,iii7 by striking subclause 7,,iv72 7#e7 in section #ecba-- 7,a7 in subsection 7a7-- 7i7 in paragraph 7#a71 by striking 7except sections #ecad1 #ecae1 and #eccf of this title or a regulation prescribed under sections #ecad1 #ecae1 and #eccf72 7ii7 by striking paragraphs 7#b71 7#c71 7#d71 and 7#e72 7iii7 in paragraph 7#f71 by striking 7except section #eccf7 each place such term appears2 7iv7 in paragraph 7#g71 by striking or any special measures imposed under section #ecah;,a2 and 7v7 by redesignating paragraphs 7#f7 and 7#g7 as paragraphs 7#b7 and 7#c71 respectively2 7,b7 by striking subsection 7c72 and 7,c7 by redesignating subsections 7d7 through 7g7 as subsection 7c7 through 7f71 respectively2 7#f7 in section #ecbb-- 7,a7 by striking 7except section #ecae1 #ecbd1 or #eccf of this title or a regulation prescribed under section #ecae1 #ecbd1 or #eccf7 each place such term appears2 and 7,b7 in subsection 7d7-- 7i7 by striking 1 or any special measures imposed under section #ecah;,a12 and 7ii7 by striking or section #ecah;,a2 7#g7 in section #ecbe7;a71 by inserting after #c1jjj the following3 7as such amount is annually adjusted by the ,secretary to reflect the percentage change in the ,consumer ,price ,index for ,all ,urban ,consumers published by the ,bureau of ,labor ,statistics of the ,department of ,labor72 7#h7 in section #eccj7;d77#a7-- 7,a7 in subparagraph 7,a71 by adding and at the end2 7,b7 by striking subparagraph 7,b72 and 7,c7 by redesignating subparagraph 7,c7 as subparagraph 7,b72 7#i7 in section #ecce-- 7,a7 by striking subsection 7c72 and 7,b7 by redesignating subsections 7d7 and 7e7 as subsections 7c7 and 7d71 respectively2 7#aj7 by striking subchapter ,,iii2 and 7#aa7 in the table of contents in chapter #ec1 by striking the items relating to-- 7,a7 sections #ecac1 #ecad1 #ecae1 #ecaf1 #ecag1 #ecah;,a1 #ecbd1 #ecbf1 #ecca1 #eccb1 and #eccf2 and 7,b7 subchapter ,,iii4