Rep. Lynch is Wrong on the Bank Secrecy Act

Nicholas Anthony

Every year, Americans are subjected to more financial surveillance. It doesn’t require a new bill from Congress or even a secret program from law enforcement. Rather, financial surveillance increases every year because of an arbitrary dollar threshold set in the 1970s that has never been adjusted for inflation.

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As prices rise, ordinary financial activity is increasingly swept into a system designed for criminals, not the public at large.