Source: United States Senator Kevin Cramer (R-ND)
WASHINGTON – U.S. Senator Kevin Cramer (R-ND), member of the Senate Banking Committee, joined Senator Tim Scott (R-SC) in introducing the Prohibiting IRS Financial Surveillance Act, a bill to prevent the Internal Revenue Service (IRS) from implementing Democrats’ plan to give the agency access to transaction information of virtually every American.
“The Biden Administration is trying to snoop on some of the most private of information. They have gone from incremental steps towards socialism to huge leaps towards socialism,” said Senator Cramer. “Democrats are trying to give the IRS more power and more reach into Americans’ private information, and my Republican colleagues and I will do everything we can to stop it.”
President Biden, Treasury Secretary Yellen, and the IRS are seeking access to every working American’s private financial information by requiring financial institutions to monitor and report to the IRS each and every withdrawal and deposit that total at least $10,000 annually. The Prohibiting IRS Financial Surveillance Act would block this violation of privacy and overreach.
Senators Cramer and Scott are joined on the bill by Senate Finance Committee Ranking Member Mike Crapo (R-ID), Senate Banking Committee Ranking Member Pat Toomey (R-PA), and Senators Mitch McConnell (R-KY), John Thune (R-SD), John Barrasso (R-WY), Joni Ernst (R-IA), Roy Blunt (R-MO), John Cornyn (R-TX), Roger Marshall (R-KS), Thom Tillis (R-NC), Cynthia Lummis (R-WY), Steve Daines (R-MT), John Kennedy (R-LA), Jerry Moran (R-KS), Richard Shelby (R-AL), Mike Rounds (R-SD), Chuck Grassley (R-IA), Richard Burr (R-NC), Todd Young (R-IN), John Hoeven (R-ND), Cindy Hyde-Smith (R-MS), Roger Wicker (R-MS), Marsha Blackburn (R-TN), Jim Risch (R-ID), Mike Braun (R-IN), Shelley Moore Capito (R-WV), Ben Sasse (R-NE), Tom Cotton (R-AR), Mitt Romney (R-UT), James Lankford (R-OK), Jim Inhofe (R-OK), Dan Sullivan (R-AK), Josh Hawley (R-MO), Marco Rubio (R-FL), Rick Scott (R-FL), Ted Cruz (R-TX), Bill Hagerty (R-TN), Tommy Tuberville (R-AL), Lindsey Graham (R-SC), Ron Johnson (R-WI), Rand Paul (R-KY), John Boozman (R-AR), Mike Lee (R-UT), Susan Collins (R-ME), Deb Fischer (R-NE), and Rob Portman (R-OH).