Sponsors (21)
The bill tightens civil‑liberties safeguards and oversight around U.S.‑person surveillance and blocks a Fed CBDC—protecting privacy and the banking system—while simultaneously extending Section 702, adding criminal penalties and administrative requirements that may hamper intelligence operations and create legal uncertainty.
Households, businesses, banks, and taxpayers keep cash privacy and avoid a Fed-issued CBDC (so consumers retain privacy and banks avoid major operational/compliance changes); Congress also retains control over whether any CBDC can be issued.
Immigrants and other U.S. persons are protected because the bill prohibits intentional targeting of U.S. persons under Section 702 and clarifies that cases involving U.S. persons should proceed under Title I/III warrants, strengthening Fourth Amendment protections.
Federal employees, taxpayers, and the public get stronger independent oversight and accountability: ODNI's Civil Liberties Protection Officer will review FBI U.S.-person query statements monthly, the GAO will audit Section 702 targeting procedures, and IC Inspector General referrals must be investigated.
Immigrants and taxpayers face prolonged exposure to Section 702 authorities because the statute's repeal date is extended to 2029, keeping warrantless intelligence collection powers in place longer.
Federal agents may hesitate to run lawful, time‑sensitive queries out of fear of criminal prosecution, which could degrade intelligence collection and national security operations.
Monthly reporting, additional reviews, and audits increase administrative burdens and costs for the FBI, ODNI, and ultimately taxpayers, potentially diverting resources from operational work.
Based on analysis of 2 sections of legislative text.
Adds FBI monthly reporting and CLPO/IC IG review and penalties for certain §702 U.S.-person queries; bars the Federal Reserve from issuing a retail CBDC.
Requires the FBI to send monthly written reports to the ODNI Civil Liberties Protection Officer (CLPO) describing each query of U.S.-person information under existing FISA §702 query rules; the CLPO must review those reports for compliance and refer suspected noncompliance or abuse to the Inspector General of the Intelligence Community (IC IG), which must investigate whether violations or abuses occurred. It also creates new criminal offenses and penalties for FBI personnel who knowingly violate U.S.-person querying rules or falsify compliance representations. Separately, it bars the Federal Reserve Board and Reserve Banks from offering, operating, testing, developing, or implementing a central bank digital currency (CBDC) that would be a retail Fed liability, while allowing private, open, permissionless digital currencies that preserve cash-like privacy and expressing a nonbinding view that the Fed lacks authority to issue a CBDC absent congressional action.
Introduced April 7, 2025 by Jerry Moran · Last progress April 29, 2026