If the US Supreme Court hears a case on the Bank Secrecy Act by 2070, will they find it to be constitutional?
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The Bank Secrecy Act of 1970 was signed into law in 1970, giving US government agencies more capabilities to catch money laundering, criminal activity, and tax evasion. It was challenged promptly by several banks and the ACLU, resulting in the Supreme Court case California Bankers Association v. Schulz. The Plaintiffs argued that the BSA violated customer's First and Fourth Amendment rights to privacy and Fifth amendment rights to Due Process.
The court decided 7-2 that the BSA was constitutional, with Justices William Brennan and William Douglas dissenting. The BSA survived another challenge in United States v. Miller (1976), and the BSA has formed the basis of further expansions in the government's financial surveillance powers.
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Indicator | Value |
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Stars | ★★★☆☆ |
Platform | Metaculus |
Number of forecasts | 82 |
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Related Question on Metaculus:
- When will the US Supreme Court rule on the constitutionality of any part of the Bank Secrecy Act?
The Bank Secrecy Act of 1970 was signed into law in 1970, giving US government agencies more capabilities to...
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