Today, October 15th, 2021, Rep. Mariannette Miller-Meeks (IA-02) joined two pieces of legislation that would prevent the Internal Revenue Service (IRS) from invading Americans’ privacy.
The Protecting Financial Privacy Act, introduced by Rep. Ashley Hinson (IA-01) and Sen. Tommy Tuberville (R-AL), and would prevent the IRS from monitoring Americans' financial transactions by blocking the provision in the reconciliation package that would allow the IRS to monitor transactions of $600 or more.
The Prohibiting IRS Financial Surveillance Act was introduced by Rep. Drew Ferguson (GA-03) and would ban the IRS from implementing any new reporting requirements for banks or other financial institutions.
“This new IRS surveillance program is an invasion of privacy and unacceptable. This overreach by the majority would infringe upon the rights of Iowans and average Americans,” said Miller-Meeks. “I am proud to co-sponsor two pieces of legislation to address this issue and I thank my colleagues for their work to protect our constituents’ financial privacy from even more government surveillance.”
Background:
As part of its “Build Back Better” plan, the Biden Administration proposed implementing a surveillance system requiring banks and other financial institutions to provide the IRS details on their customers and data for accounts with deposits or withdrawals worth more than $600.
Original source can be found here
