Treasury gets sweeping access to your tax returns and bank data
S. 1991 — Delivering On Government Efficiency in Spending Act · Filed by Joni Ernst (R-IA) · 15 cosponsors · Introduced Jun 9, 2025 · Hearing held
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What it does
This bill requires federal agencies to report detailed information about every payment they make—including the purpose, funding source, and activity type—to the Treasury Department within 30 days, with that data published on a public website. It also grants the Treasury Department broad access to sensitive personal data (tax returns, Social Security records, bank account information, and employment history) from multiple federal databases to identify and prevent improper payments, with limited exemptions for national security and law enforcement operations.
Why we flagged it
The bill's core function is dual: it mandates public reporting of federal payments (transparency measure) while simultaneously expanding Treasury's access to sensitive personal financial and tax data across multiple federal systems (privacy-invasive data-sharing mechanism). The two functions are presented as complementary but operate on different axes.
What the text implies
- The bill grants Treasury access to IRS tax return data (including bank account and routing information, adjusted gross income, Schedule C business income) and Social Security records without explicit statutory limits on how long data is retained or how many times it can be redisclosed to state and local contractors.
- Section 3 permits Treasury to redisclose tax and Social Security data to 'such additional persons and entities as agreed to by Sec. and the SecTreas'—a blank check for future data-sharing agreements not subject to congressional approval.
The full analysis lists 5 implications of this text.
Who stands to gain
financial data aggregation and analytics firms; government contractors managing Do Not Pay systems; state Medicaid and SNAP agencies (reduced fraud liability)