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Rep. Ted Budd Sponsors Bill Prohibiting IRS Bank Surveillance

Statement

By: Ted Budd
By: Ted Budd
Date: Oct. 20, 2021
Location: Washington, DC
Issues: Finance and Banking Government Operations

Rep. Ted Budd (R-NC) has helped introduce H.R. 5586, the Prohibiting IRS Financial Surveillance Act. The bill would prohibit the Internal Revenue Service (IRS) from implementing any form of the Biden Administration's proposed bank surveillance plan.

The bill was originally introduced by Rep. Drew Ferguson (R-GA).

Rep. Budd said in a statement:

"President Biden wants the IRS to spy on hardworking Americans in order to fund a socialist agenda that he claims costs $0. This would be funny if it weren't so dangerous. The IRS should not be snooping on the bank accounts of everyday Americans, regardless of the dollar threshold."


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