1. Short title This Act may be cited as the Bank Privacy Reform Act . 2. Bank Secrecy Act reforms (a) Right to Financial Privacy Act of 1978 The Right to Financial Privacy Act of 1978 ( 12 U.S.C. 3401 et seq. ) is amended— (1) by amending section 1102 to read as follows: 1102. Confidentiality of records—Government authorities Except as provided by subsection (c) or (d) of section 1103 or section 1113, no Government authority may have access to or obtain copies of, or the information contained in the financial records of any customer from a financial institution unless the financial records are reasonably described and such financial records are disclosed in response to a search warrant which meets the requirements of section 1106. ; (2) by striking sections 1104, 1105, 1107, 1108, and 1114; (3) in section 1109(a), by striking section 1104(c), 1105(2), 1106(c), 1107(2), 1108(4), and inserting section 1106(c) ; and (4) in section 1113, by striking subsections (c) through (r). (b) Title 31 Chapter 53 of title 31, United States Code, is amended— (1) by amending section 5311 to read as follows: 5311. Declaration of purpose It is the purpose of this subchapter to require financial institutions to retain transaction records that include information identified with or identifiable as being derived from the financial records of particular customers. ; (2) in section 5312(a)— (A) in paragraph (3)— (i) in subparagraph (B), by adding and at the end; (ii) by striking subparagraph (C); and (iii) by redesignating subparagraph (D) as subparagraph (C); and (B) by amending paragraph (4) to read as follows: (4) nonfinancial trade or business means any entity engaged in trade or business other than a financial institution. ; (3) by striking sections 5313, 5314, 5315, 5316, 5317, 5318A, 5324, 5326, 5331, 5332, and 5336; (4) in section 5318— (A) in subsection (a)— (i) by striking (except under section 5315 of this title and regulations prescribed under section 5315) ; (ii) by striking paragraph (2)