# 115-hr-6849: Bank Secrecy Innovation Act

115-hr-6849, Bank Secrecy Innovation Act, is a 115th Congress bill sponsored by Sen. Budd, Ted [R-NC] (R-NC); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/115-hr-6849
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 115-hr-6849
- Congress: 115
- Title: Bank Secrecy Innovation Act
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2018-09-20
- Sponsor: Sen. Budd, Ted [R-NC] (R-NC)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Bank Secrecy Innovation Act This bill specifies that the Department of the Treasury must encourage, but not require, financial institutions to use technological innovations to improve certain anti-money-laundering programs.

## Related bills

- 115-hr-7394: To prohibit the Federal financial regulators from requiring compliance with the accounting standards update of the Financial Accounting Standards Board related…
- 115-hr-7361: To amend the Internal Revenue Code of 1986 to allow exclusion of gain or loss on like-kind exchanges of virtual currency.
- 115-hr-7229: Student Rights Act of 2018
- 115-hr-7225: U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018
- 115-hr-7224: Virtual Currency Consumer Protection Act of 2018
- 115-hr-7085: Veterans BOND Act

## Sources
- [115-hr-6849 on Congress.gov](https://www.congress.gov/bill/115th-congress/house-bill/6849)

## Related
- [115-hr-7394: To prohibit the Federal financial regulators from requiring compliance with the…](https://policyrisk.com/legislation/115-hr-7394)
- [115-hr-7361: To amend the Internal Revenue Code of 1986 to allow exclusion of gain or loss o…](https://policyrisk.com/legislation/115-hr-7361)
- [115-hr-7229: Student Rights Act of 2018](https://policyrisk.com/legislation/115-hr-7229)
- [115-hr-7225: U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018](https://policyrisk.com/legislation/115-hr-7225)
- [115-hr-7224: Virtual Currency Consumer Protection Act of 2018](https://policyrisk.com/legislation/115-hr-7224)
- [115-hr-7085: Veterans BOND Act](https://policyrisk.com/legislation/115-hr-7085)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/115-hr-6849 (as of 2025-11-18).