Senators are set to host dueling press conferences today on the Biden administration’s ICBA-opposed plan to require banks to report customer information to the IRS.
Senators debating IRS reporting plan today
October 19, 2021 / By ICBA
Senators are set to host dueling press conferences today on the Biden administration’s ICBA-opposed plan to require banks to report customer information to the IRS.
Senators are set to host dueling press conferences today on the Biden administration’s ICBA-opposed plan to require banks to report customer information to the IRS.
Events: Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) and Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) are hosting a live event at noon (Eastern time) in opposition. Senate Finance Chairman Ron Wyden (D-Ore.) and Sen. Elizabeth Warren (D-Mass.) of both committees will hold a press call in favor at 3 p.m.
Latest from ICBA: ICBA and groups such as the National Association of Realtors and U.S. Chamber of Commerce last week delivered a joint letter and supporting document to Congress dismissing efforts to modify the IRS proposal response due to widespread opposition.
Call Alert: ICBA is urging community bankers to use its call alert and customizable script to speak out against the proposal.
ICBA Campaign: Community bankers can also continue using customizable email and social media content to urge consumers to contact Congress in opposition.
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