Senator Mike Lee (R-UT) introduced the Saving Privacy Act, a bill to end government abuse of Americans’ financial information. For years, federal agencies have been overreaching in their surveillance, collecting vast amounts of personal financial data from law-abiding citizens without just cause. Senator Rick Scott (R-FL) is an original co-sponsor of the bill.
“The federal government has no business surveilling the financial activities of millions of innocent Americans, " said Senator Lee. “The current system erodes the privacy rights of citizens, while doing little to effectively catch true financial criminals. My Saving Privacy Act ensures that Americans’ personal information is protected and that government agencies operate within the bounds of the Constitution.”
“El gobierno grande no tiene cabida en las finanzas personales de los estadounidenses respetuosos de la ley. Es una extralimitación masiva del gobierno y una grave violación de su privacidad., " said Senator Rick Scott. ““Por eso me he unido al senador Lee para que podamos proteger las finanzas personales de los estadounidenses para siempre. Nuestra Ley de Protección de la Privacidad permitirá a las agencias federales perseguir a los delincuentes y, al mismo tiempo, proteger los datos de estadounidenses inocentes. Se trata de una legislación de sentido común y estoy instando a mis colegas a que apoyen su aprobación inmediata”, explicó.
“For decades, outdated banking regulations have subjected citizens to excessive financial surveillance, compelling institutions to enforce intrusive measures that directly led to the debanking of innocent Americans spending their own money. The Saving Privacy Act offers comprehensive reforms, striking a balance that restores consumer rights, establishes sensible standards for innovators while curbing illicit activities, and reinvigorates the commitment to sound consumer financial privacy. –Yaël Ossowski, Deputy Director at the Consumer Choice Center.
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