Prohibiting IRS Financial Surveillance Act

H.R. 1010 · 118th Congress · Feb 14, 2023 · Lineage

A BILL

To prohibit the implementation of new requirements to report bank account deposits and withdrawals.

Section 1 Short title

This Act may be cited as the “Prohibiting IRS Financial Surveillance Act”.

Sec. 2 Prohibition on new requirements to report bank account deposits and withdrawals

The Secretary of the Treasury (including any delegate of the Secretary) may not require any financial institution to report the inflows or out-flows (or any similar amount, whether on a transaction or aggregate basis) of any account maintained by such institution, except to the extent that such reporting is required under any program, or other provision of law, as in effect on January 1, 2023.

Lineage

Feb 14, 2023viewing Introduced in House Mr. Ferguson (for himself, Mr. Buchanan, Mr. Smith of Nebraska, Mr. Kelly of Pennsylvania, Mr. Schweikert, Mr. LaHood, Mr. Wenstrup, Mr. Arrington, Mr. Estes, Mrs. Miller of West Virginia, Mr. Murphy, Mr. Kustoff, Mr. Fitzpatrick, Ms. Tenney, Mr. Moore of Utah, Mrs. Steel, Ms. Van Duyne, Mr. Feenstra, Ms. Malliotakis, Mr. Carey, and Mr. Smucker) introduced the following bill; which was referred to the Committee on Financial Services

Prohibiting IRS Financial Surveillance Act

Section 1 Short title

Sec. 2 Prohibition on new requirements to report bank account deposits and withdrawals

Cite this provision

Incoming references