Prohibiting IRS Financial Surveillance Act

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1010 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 1010

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 14, 2023

  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

_______________________________________________________________________

                                 A BILL


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

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

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.
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