The following discusses a huge invasion of privacy. The Federal government wants to know every financial transaction without having to obtain a warrant based upon probable cause. That's the direction of this obscene legislation.
For a Christian, this flies in the face of being able to give through financial institutions without the government spying on donors. Jesus said to give in secret. The government wants to make that nearly impossible. Private companies have privacy policies. They issues statements to that end. They give guarantees about the anonymity of donors for instance. Of course, there's a degree of trust involved, but many such companies don't want to share private customer information with the government that can easily abuse such information.
Frankly, I believe this is a violation of freedom of religion. There are many other concerns with this legislation that you may read about in the full article linked below, but freedom of religion is important. We can't coerce others into conforming to our religious views.
June 19, 2008
Broad, invasive provision touches nearly every aspect of American commerce.
Washington, DC - Hidden deep in Senator Christopher Dodd's 630-page Senate housing legislation is a sweeping provision that affects the privacy and operation of nearly all of America's small businesses. The provision, which was added by the bill's managers without debate this week, would require the nation's payment systems to track, aggregate, and report information on nearly every electronic transaction to the federal government.