# 119-s-809: Saving Privacy Act

119-s-809, Saving Privacy Act, is a 119th Congress bill sponsored by Sen. Lee, Mike [R-UT] (R-UT); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-809
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-809
- Congress: 119
- Title: Saving Privacy Act
- Status: introduced
- Introduced: 2025-02-27
- Sponsor: Sen. Lee, Mike [R-UT] (R-UT)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**This bill would create stronger limits on government access to personal financial records by centering access on search warrants and extending Fourth Amendment protections.** It also remakes financial privacy penalties, ends certain market data systems, bans retail central bank digital currency, and adds a congressional approval step for major agency rules. - It would tighten the Right to Financial Privacy framework and add enforcement tools. Federal employees who knowingly obtain or disclose records could face criminal penalties including a fine up to $5,000. The bill also allows civil penalties of at least $1,000 per violation per day and authorizes legal relief for victims. - It would force major agency rules to get explicit congressional approval through a joint resolution and sets strict review timelines, including a 70 session/legislative-day outer deadline for approval and expedited procedures for committees and debate. - It would require the Securities and Exchange Commission to terminate the Consolidated Audit Trail within 30 days and require refunds of fees within 1 year. The measure also bans issuance of a retail central bank digital currency, protects use of self‑hosted cryptocurrency wallets, and restores third‑party transaction reporting rules.

## Cosponsors (1)

- Sen. Scott, Rick [R-FL] (R-FL), 2025-02-27T00:00:00.000Z

## Provisions PRIA read

- Ban Fed retail digital dollar: benefit, high. If enacted, the bill would bar the Federal Reserve, Treasury, and related agencies from issuing a central bank digital currency (CBDC) directly to individuals. It would also bar those entities from holding U.S. government‑issued digital currency on Federal Reserve balance sheets or keeping individu…
- Stronger bank-record privacy rules: benefit, medium. If enacted, the government generally could not get your bank or transaction records from a financial institution unless it uses a proper search warrant. The bill would create civil remedies of at least $1,000 per violation per day plus attorney fees and compensatory damages, and criminal penalties…
- Higher small-seller reporting thresholds: benefit, medium. If enacted, third‑party payment networks would report payees only when both conditions are met in a year: more than $20,000 in payments and more than 200 transactions. This applies to returns for calendar years beginning after December 31, 2021. Many small sellers and gig workers could avoid receiv…
- Protect crypto wallets and payments: benefit, low. If enacted, federal agencies could not ban or broadly restrict a person's ability to use convertible virtual currency to buy goods or to use a self‑hosted wallet. The bill protects individual control of privately held crypto wallets and ordinary personal transactions with crypto.
- Congress must approve major rules: mixed, high. If enacted, most major federal rules would only take effect if Congress passes a joint resolution approving them. Agencies would send full rule text and cost studies to Congress and the Comptroller General. If Congress does not approve within 70 session or legislative days, the rule could not take…
- End consolidated stock data system: mixed, high. If enacted, the SEC would have 30 days to end the Consolidated Audit Trail. The CAT operators would have one year to reimburse fees they collected earlier. After termination, federal agencies and exchanges could not create a similar centralized database of U.S. citizens' personally identifiable tra…

## Related bills

- 119-s-4280: SAFE Act
- 119-s-2936: Stop ANTIFA Act of 2025
- 119-s-275: Veterans’ Assuring Critical Care Expansions to Support Servicemembers (ACCESS) Act of 2025
- 119-s-117: AMERICANS Act
- 119-s-3752: SAVE America Act
- 119-s-2907: Chloe Cole Act

## Sources
- [119-s-809 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/809)

## Related
- [119-s-4280: SAFE Act](https://policyrisk.com/legislation/119-s-4280)
- [119-s-2936: Stop ANTIFA Act of 2025](https://policyrisk.com/legislation/119-s-2936)
- [119-s-275: Veterans’ Assuring Critical Care Expansions to Support Servicemembers (ACCESS)…](https://policyrisk.com/legislation/119-s-275)
- [119-s-117: AMERICANS Act](https://policyrisk.com/legislation/119-s-117)
- [119-s-3752: SAVE America Act](https://policyrisk.com/legislation/119-s-3752)
- [119-s-2907: Chloe Cole Act](https://policyrisk.com/legislation/119-s-2907)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-809 (as of 2025-12-21).