June 10

Statement in Support of FATCA Repeal and Against Unauthorized International Agreements

WHEREAS, in March 2010 a Democrat-controlled Congress enacted the Foreign Account Tax Compliance Act (FATCA) without stand-alone floor debate or amendment in either the Senate or the House of Representatives and without a cost/benefit study; WHEREAS, FATCA requires foreign financial institutions to enter into an agreement with the IRS to identify their U.S. account holders and to disclose the account holders’ names, taxpayer identifications, addresses, and the accounts' balances, receipt...

 

- Letter to Treasury Secretary Lew from Congressman Bill Posey

- Letter to Treasury Secretary Geithner from Senators Rand Paul, Jim DeMint, Mike Lee, and Saxby Chambliss