US SB809

Amends the Right to Financial Privacy Act of 1978 to require a search warrant for government access to customer financial records, eliminating current exceptions for subpoenas, formal requests, and other non-warrant methods

Prohibits the Federal Reserve, Treasury Department, and other federal agencies from issuing a central bank digital currency (CBDC) directly to individuals or maintaining individual accounts

Requires termination of the SEC's Consolidated Audit Trail within 30 days and mandates reimbursement of all fees collected by the CAT system within one year

Establishes new congressional review procedures (REINS Act provisions) requiring Congress to approve major financial regulations with economic impact of $100 million or more before they take effect

Repeals multiple Bank Secrecy Act provisions including suspicious activity reporting requirements, currency transaction reports, and the beneficial ownership registry; raises civil penalties for privacy violations to minimum $1,000 per day and creates criminal penalties up to $5,000 fine and 5 years imprisonment