Along with upping SAR limit, it also repeals the Corporate Transparency Act (hell yeah), strengthens 4th Amendment $ protections, prohibits a CBDC (go bitcoin!), recenters financial authority, and creates private right of action for illicit gov't action!

Based Mike Lee!

https://www.lee.senate.gov/2024/9/lee-introduces-the-saving-privacy-act-to-protect-americans-financial-data

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"The bill would amend the Bank Secrecy Act, repealing the need for transactions to be reported to government authorities in “suspicious activity reports”. The bill would also ban a Central Bank Digital Currency, repeal the Corporate Transparency Act, require warrants for government acquiring personal financial information, require congressional authorization for major financial regulations, create a private right of action for those harmed by illicit government activity, and much more."