Did you know that the federal government is spying on Americans’ purchases, credit cards, and bank accounts, even if they are innocent of any crime?
Did you know that the @USTreasury and the @FBI have surveilled financial transactions containing the terms “Trump” and MAGA,” and relating to guns and religion?
Did you know that the @SECGov has been quietly constructing a centralized database, called the Consolidated Audit Trail, designed to track every stock market transaction and the personal information of millions of Americans?
These actions are deeply unconstitutional, a violation of your 4th Amendment rights, and enable political persecution.
That’s why I just introduced the Saving Privacy Act:
▪️ Repeals the Bank Secrecy Act’s SAR and CTR reporting requirements while maintaining record-keeping provisions.
▪️Repeals the Corporate Transparency Act.
▪️Strengthens Fourth Amendment protections, bolstering warrant requirements in the Right to Financial Privacy Act of 1978.
▪️Repeals the SEC’s Consolidated Audit Trail (CAT) database.
▪️Requires congressional approval for any new databases that collect personally identifiable information of U.S. citizens.
▪️Prohibits the creation of a Central Bank Digital Currency.
▪️Requires congressional authorization for financial regulations deemed major rules.
▪️Institutes penalties for federal employees who illegally seek constitutionally protected financial information.
▪️Establishes a private right of action for Americans and financial institutions harmed by illicit government activity.
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