Market
Change in U.S. financial privacy laws due to bank monitoring by end of 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Legislative records or announcements from the U.S. Congress
Story
House Judiciary Report: Biden Administration Monitored Americans' Bank Accounts Without Warrants, 14,000 Employees Accessed Data 3 Million Times
Dec 9, 2024, 12:16 PM
A recent report from the House Judiciary Committee has revealed that the Biden Administration allegedly monitored Americans' bank accounts without proper authorization or warrants. The report indicates that federal law enforcement manipulated the Suspicious Activity Report (SAR) system to access private financial information of citizens without warrants or probable cause. This practice reportedly began after the January 6 Capitol riots during the Trump administration. The investigation found that over 14,000 government employees accessed Americans' financial data more than 3 million times without the necessary legal permissions. The findings have raised significant concerns about privacy and government overreach in financial surveillance.
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US Congress • 25%
Department of Justice • 25%
Federal Bureau of Investigation • 25%
No action • 25%
Unclear outcome • 25%
More restrictive regulations • 25%
Less restrictive regulations • 25%
No significant change • 25%
Tightening regulations • 25%
Unclear outcome • 25%
No change • 25%
Loosening regulations • 25%
Increased transparency measures • 25%
Other changes • 25%
No change in policies • 25%
Tightened reporting standards • 25%
No • 50%
Yes • 50%
Other • 25%
Sanctions against banks • 25%
Recommendations for new regulations • 25%
No action taken • 25%
