IRS spying countered by privacy bill

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from FoxNews,

Republicans in Congress have introduced legislation aimed at stopping a proposal from the Biden administration that would force banks to report every customer transaction of $600 or more to the Internal Revenue Service.

Sen. Tommy Tuberville, R-Ala., introduced the Protecting Financial Privacy Act of 2021 last week, which would “prohibit any Federal agency from requiring financial institutions to report on the financial transactions of their customers.”

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