U.S. Senators Propose Saving Privacy Act, SEC Bill, and Other Legislation to Protect Americans' Financial Data

Recent legislative efforts in the U.S. are focusing on enhancing the privacy of Americans' personal financial information. Senator Rick Scott has introduced the Saving Privacy Act, which aims to protect citizens' data from government overreach and ensure that agencies operate within constitutional limits. Senator John Kennedy has also voiced concerns regarding the Securities and Exchange Commission (SEC), which he claims seeks to grant bureaucrats access to a new database containing sensitive personal information, potentially making it vulnerable to hackers. Kennedy's proposed legislation aims to prevent the SEC from accumulating such data. Additionally, advocacy groups are pushing for broader data privacy legislation, including the Fourth Amendment is Not For Sale Act and the My Body, My Data Act, to further safeguard personal information from government intrusion and commercial exploitation. The Saving Privacy Act is gaining traction among lawmakers who argue that the federal government has exceeded its authority in surveilling Americans' financial data.