I have recently written a letter to Speaker Pelosi, Chairman Neal, Secretary Yellen, and Commissioner Rettig to express my concerns of overburdening the data collection system, exposing millions of Americans to potential cyberattacks, and how distrust in banks negatively impacts our economy. Additionally, I signed on to a letter and cosponsored two bills that directly address this pressing issue. The letter to Secretary Yellen expressed the concern of more Americans unbanking due to privacy concerns and distrust in banks and how applying extra reporting requirements for financial institutions would be incredibly burdensome. The U.S. Government should not have the authority to spy on bank accounts of American taxpayers. The Biden administration's proposal would significantly impact the working class, invade privacy, pose financial security threats for Americans and businesses, and further burden institutions. House Republicans are working tirelessly to put a stop to this government overreach and protect the American people's security, privacy, and trust in this great Nation. Mr. McGOVERN. Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I appreciate the gentlewoman updating us on the bills that she has cosponsored and her opinions about the IRS, which have nothing to do with the underlying bill that we are debating here today.…
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