On the recordAugust 10, 2021
this is one of the biggest violations of the privacy of American citizens to come to the floor of the Senate in a long time. This amendment would require reporting of--and I quote--``large'' financial account balances to the IRS. So now, instead of $600, they are going to say that whatever the IRS says is large is what they will require every single American, whether they are an individual, a small business, or a corporation owner. Everyone is going to be subject to reporting on whatever the IRS says is ``large.'' And this comes after another proposal that is coming down the pike to double or triple the funding to the IRS, so they can monitor the financial transactions of American citizens. This amendment should be rejected. Vote on Amendment No. 3365 The PRESIDING OFFICER. The question is on agreeing to the amendment.
