Rep. Cammack Joins Bill To Stop IRS Snooping Of Americans' Bank Accounts
Press Release
Congresswoman Kat Cammack (FL-03) joined Congressman Drew Ferguson (GA-03) and over 90 members of the House in introducing the "Prohibiting IRS Financial Surveillance Act" to ban the Internal Revenue Service (IRS) from implementing any new reporting requirements for banks or other financial institutions as part of the Biden Administration's aggressive bank surveillance proposal.
As part of its "Build Back Better" agenda, the Biden Administration has proposed 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. In the interim, strong concerns have been raised about individuals' privacy, the IRS's ability to safeguard private bank account information, and undue burdens on families and small businesses.
"This is an invasion of privacy, pure and simple," said Congresswoman Cammack. "It is just another example of gross government overreach by the Biden Administration, snooping on Americans' private transactions under the guise of improving financial services. I'm adamant about protecting citizens in Florida's Third and will fight back against this egregious weaponization of a federal agency."
"We should not allow the IRS to invade the privacy of Americans by snooping into their bank accounts," Congressman Ferguson said. "The Biden Administration and Congressional Democrats have clearly demonstrated their intent to instate a broad financial surveillance regime using Americans' private financial information. In an attempt to chase down an ill-defined 'tax gap' that may not even exist, Democrats are willing to throw caution to the wind, put secure information at risk, and further inflate the unchecked power of the IRS. This IRS surveillance is an invasion of individuals' privacy and with Democrats' history of weaponizing the IRS for their own political gain, it's in every American's best interest that we prevent the use of private financial information for this type of egregious power play."
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