US HB2155

Requires government authorities to obtain a search warrant before accessing customer financial records from financial institutions, eliminating previous exceptions for administrative subpoenas, summons, and formal written requests under the Right to Financial Privacy Act of 1978

Repeals key Bank Secrecy Act provisions including currency transaction reporting requirements, suspicious activity reports (SARs), and the Corporate Transparency Act beneficial ownership database (section 5336)

Terminates the SEC's Consolidated Audit Trail within 30 days of enactment, prohibits federal agencies from establishing centralized databases collecting personally identifiable information without explicit congressional authorization, and requires reimbursement of all fees collected for the program

Prohibits the Federal Reserve, Treasury, or any federal agency from issuing a central bank digital currency (CBDC) directly to individuals or maintaining individual accounts, while protecting the right to use self-hosted cryptocurrency wallets

Establishes congressional approval requirements for major financial regulations (those with $100 million+ annual economic impact) through the REINS Act framework, requiring a joint resolution of approval within 70 legislative days before such rules can take effect