Ron Wyden: “What kind of a message is DOJ sending when they don't bring cases against bankers who willingly help American clients…”

This interpretation is wildly inconsistent with the longstanding treatment of other provisions that use identical or near-identical language.

The proposed rule is clear regulatory overreach that would have disastrous impacts for lawfully present immigrants and their families who are legally eligible for refundable tax credits.

This throws doubt upon Treasury’s interpretation of many provisions of the Code, creates a great deal of uncertainty in the administration of our tax laws, and could balloon the deficit.

These unsung heroes deserve recognition for their tireless efforts to keep our communities safe and healthy, and I’m honored to be leading this effort in Congress.