A bill to protect the constitutional rights of citizens of the United States and to prevent unwarranted invasions of privacy by prescribing procedures and standards governing the disclosure of certain financial information by financial institutions to governmental agencies.
Right to Financial Privacy Act - Prohibits any Federal Agency or employee, or any State or local government, from obtaining copies of, access to, or the information contained in, the financial records of any customer from a financial institution unless such records are described with particularity and: (1) such customer has authorized such disclosure in accordance with this Act; (2) such records are disclosed in response to an administrative subpena or summons; (3) such records are disclosed in response to a court order; or (4) such records are disclosed in response to a judicial subpena.
States that no depository institution may provide to a Federal agency or employee, or to any State or local government, copies of or the information contained in the financial records of any customer except in accordance with the requirements of this Act.
Requires that any depository institution which operates a customer bank communications terminal establish precautions which prevent unauthorized access to, or use of, the terminal and disclosure to unauthorized parties.
Sets forth provisions governing customer authorization, administrative subpenas and summons, and search warrants.
Prescribes civil and criminal penalties for violations of the provisions of this Act.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
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