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Intelligence Appropriations Grants FBI Wider Access to Financial Data

Intelligence Authorization Act for Fiscal Year 2004 (Engrossed Amendment as Agreed to by Senate), (H.R. 2417). Senate agreed to conference report by voice vote, November 21. The conference report, H. Rept. 108-381, was approved by the House, by a vote of 264-163, on November 20.

  • The specific provision that is the focus of concern is Sec. 374, Modification to Definition of Financial Institution in Right to Financial Privacy Act. The definition now mirrors that of Title 31, Subtitle IV, Chapter 53, Subchapter II, Sec. 5312, USC. [Link] thereby expanding the range of organizations from whom financial data may be obtained to include the United States Postal Service, casinos and gaming establishments, ISPs, travel agencies, pawnbrokers, insurance companies, auto dealers, airplane and boat sales, real estate agents and brokers, and “any other business designated by the Secretary whose cash transactions have a high degree of usefulness in criminal, tax, or regulatory matters.”
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