Prohibiting IRS Financial Surveillance Act
This bill prohibits the Department of the Treasury from requiring a financial institution to report the transfers into and out of a financial account. This prohibition does not apply to laws or regulations in effect on October 1, 2021.
To prohibit the implementation of new requirements to report bank 
                   account deposits and withdrawals.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Prohibiting IRS Financial 
Surveillance Act''.

SEC. 2. PROHIBITION ON NEW REQUIREMENTS TO REPORT BANK ACCOUNT DEPOSITS 
              AND WITHDRAWALS.

    The Secretary of the Treasury (including any delegate of the 
Secretary) may not require any financial institution to report the 
inflows or out-flows (or any similar amount, whether on a transaction 
or aggregate basis) of any account maintained by such institution, 
except to the extent that such reporting is required under any program, 
or other provision of law, as in effect on October 1, 2021.
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Prohibiting IRS Financial Surveillance Act
To prohibit the implementation of new requirements to report bank account deposits and withdrawals.
Prohibiting IRS Financial Surveillance Act
Rep. Ferguson, A. Drew, IV