Senate Republicans are proposing a three-year extension of a key surveillance power that would include new guardrails and penalties for intelligence abuses but doesn’t include some of the biggest demands made by a bipartisan coalition of privacy hawks.
A copy of the bill reviewed by POLITICO would extend the program through June 12, 2029. It also includes a three-year ban on the Federal Reserve issuing a digital currency — a gesture toward House Republican hard-liners who have pushed for a permanent ban.
Senate Intelligence Committee Chair Tom Cotton (R-Ark.) took the lead in drafting the bill, which is being circulated ahead of the June 12…
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