# 119-hr-2155: Saving Privacy Act

119-hr-2155, Saving Privacy Act, is a 119th Congress bill sponsored by Rep. Ogles, Andrew [R-TN-5] (R-TN); status introduced; PRIA reads it as touching household money (as of 2026-09-10).

- Canonical: https://policyrisk.com/legislation/119-hr-2155
- As of: 2026-09-10
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-2155
- Congress: 119
- Title: Saving Privacy Act
- Status: introduced
- Introduced: 2025-03-14
- Sponsor: Rep. Ogles, Andrew [R-TN-5] (R-TN)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-10

## Summary

**Limits government access to individual financial records** by requiring warrants and creating a statutory right to financial privacy. It would also bar a retail central bank digital currency and create a new congressional approval regime for major agency rules. - Individuals and families would get stronger privacy protections and a statutory right tied to Fourth Amendment standards. The bill would also bar federal agencies from restricting a person’s use of convertible virtual currency or self‑hosted wallets. - Banks, payment platforms, and market operators would face a halt to the Consolidated Audit Trail and must have related CAT fees reimbursed within one year. The bill would also reinstate Form 6050W reporting at a $20,000 aggregate threshold and more than 200 transactions. - Federal agencies would have to publish full analytic packages and deliver cost‑benefit and job‑impact analyses to Congress and the Comptroller General. Major rules could not take effect without a congressional approval process and would be subject to expedited review procedures.

## Provisions PRIA read

- Protect your right to use crypto: benefit, medium. Agency heads would not be allowed to stop you from using convertible virtual currency to buy goods or services for yourself. You could also use a self‑hosted wallet that you control. The bill defines what counts as convertible virtual currency, a covered user, and a self‑hosted wallet.
- Higher 1099-K thresholds for sellers: benefit, medium. Third‑party platforms would send a 1099‑K only if you have over $20,000 in payments and more than 200 transactions in a year. This change would apply to returns for calendar years starting after December 31, 2021. Many small sellers with lower totals would not get a 1099‑K from platforms.
- Stronger privacy rules for bank records: mixed, high. This bill would block most government access to your bank records without a search warrant that meets the bill’s rules. It would set a clear right to financial privacy and let you seek at least $1,000 per violation per day, plus attorney fees and damages. People who knowingly break these rules coul…
- Broader checks on big agency rules: mixed, high. The bill would define a “major rule” as one with $100 million or more in yearly effects or other big impacts. Many agency guidance and policy documents would count as rules for review, and it lists covered agencies like the Fed, SEC, CFTC, FDIC, CFPB, Treasury (including OCC and FinCEN), and NCUA.…
- Big rollback of bank reporting rules: mixed, high. The bill would repeal many Bank Secrecy Act sections in title 31 that set reporting, special measures, and related enforcement tools, and remove an entire subchapter. It would change enforcement provisions and tighten how certain foreign‑related accounts are defined. It would also narrow who counts…

## Related bills

- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-6955: Main Street Capital Access Act
- 119-hr-9200: Secure the Border Act of 2026
- 119-hr-9199: Permanent Trump Secure Border Act
- 119-hr-624: RIFLE Act of 2025
- 119-hr-3132: CHOICE for Veterans Act of 2025

## Sources
- [119-hr-2155 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/2155)

## Related
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [119-hr-9200: Secure the Border Act of 2026](https://policyrisk.com/legislation/119-hr-9200)
- [119-hr-9199: Permanent Trump Secure Border Act](https://policyrisk.com/legislation/119-hr-9199)
- [119-hr-624: RIFLE Act of 2025](https://policyrisk.com/legislation/119-hr-624)
- [119-hr-3132: CHOICE for Veterans Act of 2025](https://policyrisk.com/legislation/119-hr-3132)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-2155 (as of 2026-09-10).