The "Saving Privacy Act" organizes reforms and rules into several titles, including changes to bank privacy, financial privacy, and regulations on digital currency. It covers areas such as updating the Bank Secrecy Act, warrant requirements under the Right to Financial Privacy Act, and preventing restrictions on the use of virtual currencies.

The section outlines reforms to the Bank Secrecy Act by adjusting the Right to Financial Privacy Act to limit government access to customer financial records and amending Chapter 53 of Title 31 of the U.S. Code to refine definitions and eliminate certain sections and terms, aiming to ensure financial institutions retain effective transaction records.

Government authorities cannot access or obtain copies of a customer's financial records from a financial institution unless the records are specifically described and provided in response to a valid search warrant, except under certain circumstances outlined in other sections.

The purpose of this section is to make sure that financial institutions keep records of transactions that show customer information linked to their financial records.

The section outlines changes to the Right to Financial Privacy Act of 1978, specifying that certain parts are removed or amended, and adding a rule that restricts the Federal Government from accessing an individual's financial records in ways that violate the Fourth Amendment. It emphasizes Congress's intention to protect the privacy of people's financial records.

The section requires the Securities and Exchange Commission (SEC) to end the Consolidated Audit Trail within 30 days and adjust any related regulations within 120 days. Additionally, it prohibits the establishment of similar databases collecting personal information without explicit legal authority, and mandates reimbursement of fees collected for the project within one year.

The section amends the Federal Reserve Act to prohibit Federal Reserve banks and the U.S. Treasury from issuing or managing central bank digital currencies for individuals, offering related digital currency services to individuals, or using these digital currencies to meet reserve requirements.

The purpose of this section is to ensure that Congress takes responsibility for the laws it passes by requiring a vote on major regulations. This aims to make the legislative process more careful and transparent, reinforcing Congress's accountability to the American people.

Congressional Review of Certain Agency Rulemaking outlines how Congress can review and approve or disapprove rules made by federal agencies. This includes procedures for major and nonmajor rules, defines what constitutes a "major rule," and establishes processes for judicial review, exemptions, and effective dates of certain rules, while specifying that rules relating to monetary policy are exempt from this review process.

The section explains the process for congressional review of federal agency rules, specifying that agencies must report detailed information about new rules to Congress before they can take effect. It outlines the steps needed for both major and nonmajor rules, including the requirements for reports, the role of the Comptroller General, and how Congress can approve or disapprove rules via joint resolutions, with certain exceptions where the President can expedite a rule's enactment.

The section outlines the process for Congress to approve major rules through joint resolutions. It describes how such resolutions must be introduced, referred to committees, and voted on in both the House and the Senate, while specifying timelines and procedures to ensure these rules are promptly considered.

In this section, Congress outlines a process for rejecting nonmajor rules through a joint resolution, which must be introduced within a specific time frame and can be expedited through both the House and Senate. The Senate has strict rules on debating these resolutions, including time limits and restrictions on amendments, to ensure prompt consideration and voting.

The section defines the terms used in a bill, including what a "Federal agency" is, specifying organizations like the Federal Reserve and the Securities and Exchange Commission. It also explains what constitutes a "major rule" and a "nonmajor rule," and clarifies the meaning of "rule" and "submission or publication date" for both major and nonmajor rules.

In this section, it explains that legal decisions or actions made under this chapter usually cannot be reviewed by a court, but there is an exception. A court can review to make sure a Federal agency has followed all necessary steps before a new rule is put into effect. Additionally, passing a resolution does not give Congress the authority to change a rule or affect any lawsuits about it.

Monetary policy rules set by the Federal Reserve or the Federal Open Market Committee are not subject to the regulations outlined in this chapter.

Any rule related to hunting, fishing, or camping, or a non-major rule deemed urgent by an agency, will go into effect when the agency decides, regardless of normal procedures.

The section requires each agency to review and report on at least 20% of its existing rules every year for four years. If Congress doesn't approve these rules within 90 days, they will no longer be in effect, and any rules not approved within five years will expire.

The section amends the Balanced Budget and Emergency Deficit Control Act to clarify that any rule subject to congressional approval under section 802 of title 5, which affects budget authority, spending, or revenue, is considered effective unless Congress disapproves it according to the procedures in that section.

The Government Accountability Office is required to study and report on the number and economic impact of rules and major rules in effect as of the enactment date of this Act, with findings to be submitted to Congress and published online within one year.

The section introduces criminal penalties in the Right to Financial Privacy Act of 1978, stating that any U.S. agency, department, or financial institution that knowingly obtains or discloses financial records illegally can be fined up to $5,000, face up to 5 years in prison, or both. However, financial institutions or their employees acting in good faith based on government certificates or certain legal provisions won't be punished under this rule.

Any government agency, department, or financial institution that knowingly gets or shares financial records illegally can be fined up to $5,000, imprisoned for up to 5 years, or both, and government workers may lose their jobs if they are convicted. However, if a financial institution or its workers share records in good faith under a legitimate government certificate or as allowed by section 1113(l), they cannot be prosecuted.

The amendment to Section 1117(a) of the Right to Financial Privacy Act of 1978 changes the penalties for violations, introducing a minimum fine of $1,000 per violation per day, along with reasonable attorney's fees and litigation costs, and potential compensatory damages.

The text modifies the Right to Financial Privacy Act of 1978 by adding section 1118A, which allows for additional remedies such as a writ of mandamus and other appropriate forms of relief to ensure compliance with the procedures outlined in the title.

In addition to other solutions provided in this title, the section states that a court order, like a writ of mandamus, and any other suitable legal actions, including fair or formal declarations, can be used to ensure that the procedures outlined in the title are followed.

The section amends the Internal Revenue Code to require third party settlement organizations to report transactions only if they exceed $20,000 and have more than 200 transactions. This change will apply to returns starting in 2022, with additional clarification on the amendment’s effective date relating to transactions occurring after the passage of the American Rescue Plan Act of 2021.

The section names the piece of legislation as the "Keep Your Coins Act."

In this section, the bill prohibits any federal agency from preventing individuals from using virtual currencies to buy goods or services for their own use. It also allows individuals to use self-hosted wallets, retaining control over their digital currencies.