H.R. 5586 · 117th Congress · 2021–2022
Prohibiting IRS Financial Surveillance Act
H.R. 5586 in the 117th Congress (2021–2022) was introduced on Oct 15, 2021, sponsored by A. Drew Ferguson IV with 181 co-sponsors.
During the 117th Congress (2021–2022), Joe Biden was president, and Democrats held the House majority and Republicans the Senate majority.
- Status
- Introduced
- Introduced
- Oct 15, 2021
- Co-sponsors
- 181
- Policy area
- Finance and Financial Sector
What it does
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.
Summary by the nonpartisan Congressional Research Service.
Sponsor
A. Drew Ferguson IV (R-GA). Co-sponsors: 181 Republicans.
Where it stands
- IntroducedOct 15, 2021
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Financial Services. (Oct 15, 2021)
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- H.R. 503: Woman on the Twenty Act of 2021
- S. 697: Harriet Tubman Bicentennial Commemorative Coin Act
- S. 1596: Greatest Generation Memorial Act
- H.R. 1648: National Women’s Hall of Fame Commemorative Coin Act of 2021
- H.R. 1996: SAFE Banking Act of 2021
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 5586 (117th Congress): Prohibiting IRS Financial Surveillance Act,” https://www.capitolreceipts.com/bill/117-hr-5586/prohibiting-irs-financial-surveillance-act (accessed 2026-10-17).