The "Saving Privacy Act" aims to enhance financial privacy and increase congressional oversight of federal agencies. It significantly amends the Right to Financial Privacy Act of 1978, requiring government authorities to obtain a search warrant to access customer financial records, thereby eliminating many existing exceptions for such access. The bill also explicitly states that the Federal Government may not access financial records in a manner prohibited by the Fourth Amendment, affirming a statutory right to privacy for these records. Furthermore, the legislation overhauls the Bank Secrecy Act by striking numerous sections, narrowing its scope to primarily require financial institutions to retain transaction records identifiable to customers, rather than extensive reporting requirements. It mandates the termination of the Securities and Exchange Commission's (SEC) Consolidated Audit Trail (CAT) and prohibits the SEC or any federal agency from establishing similar centralized databases that collect personally identifiable information without specific congressional authorization. Fees collected for the CAT are also required to be reimbursed. A key provision prohibits Federal Reserve banks, the Board, or the Treasury from minting or issuing a central bank digital currency (CBDC) directly to individuals or digital currency intermediaries. This includes preventing them from offering related products or services directly to individuals or maintaining accounts on their behalf. Federal Reserve banks are also barred from holding such digital currencies as assets or liabilities. The bill introduces the "REINS Act" framework, which replaces the existing congressional review process for agency rulemaking. Under this framework, **major rules**—defined as those with an annual economic effect of $100 million or more, or significant adverse economic impacts, or increasing mandatory vaccinations—must receive **affirmative congressional approval** via a joint resolution before they can take effect. Nonmajor rules are subject to congressional disapproval. To ensure accountability, the REINS Act also mandates an annual review of existing rules, with a sunset provision for those not approved by Congress after five years. The bill establishes new criminal penalties for government agencies or financial institutions that knowingly violate the Right to Financial Privacy Act, including fines, imprisonment, and dismissal from office. Civil penalties for violations are increased to not less than $1,000 per violation per day, along with attorney's fees and compensatory damages. Regarding online payments, the bill repeals the lower reporting threshold for third-party network transactions (e.g., PayPal, Venmo) that was established by the American Rescue Plan Act of 2021. It reinstates the previous threshold, requiring reporting only if gross payments exceed $20,000 AND the number of transactions exceeds 200. Finally, the "Keep Your Coins Act" title prohibits federal agencies from restricting an individual's ability to use convertible virtual currency for their own purposes, such as purchasing goods or services, and protects transactions conducted through **self-hosted wallets**, where users retain independent control over their virtual currency.