{"database": "press", "table": "releases", "rows": [["https://www.paul.senate.gov/news-dr-rand-paul-testifies-fatca-calls-repeal/", "Dr. Rand Paul Testifies on FATCA, Calls for Repeal", "2017-05-01", "2017", "2017-05", "Republican", "Senate", "KY", "Rand Paul", "P000603", "www.paul.senate.gov", "paul", "https://www.paul.senate.gov/news/", "scraper", "WASHINGTON, D.C. \u2013 Today, U.S. Senator Rand Paul testified before the U.S. House Oversight and Government Reform Committee\u2019s Government Operations Subcommittee regarding the damage done by the Foreign Account Tax Compliance Act (FATCA).\n\n\u201cMy hope is that this hearing will shed some light on this abusive law and lead to a demand for action,\u201d Sen. Paul said during his testimony. \u201cChairman Meadows and I have sponsored a bill to correct this injustice and repeal FATCA. Congress should pass our bill this year and put an end to this madness.\u201d\n\nToday\u2019s hearing was entitled, \u201cReviewing the Unintended Consequences of the Foreign Account Tax Compliance Act,\u201d and you can watch Dr. Paul\u2019s testimony HERE.\n\nEnacted by Congress in 2010, FATCA mandates that foreign financial institutions regularly report private financial information on American citizens under threat of a 30% withholding tax on U.S.-source income. The law has impeded international financial transactions and investment by leading many foreign banks to simply deny services to Americans rather than navigate the burdens and costs of compliance.\n\nYou can find the text of S. 869, Dr. Paul\u2019s repeal bill, HERE. U.S. Representative Mark Meadows (R-NC) has joined with Dr. Paul by introducing the House companion, H.R. 2054.\n\n###", 1, "2026-03-30T01:40:41Z", "2026-04-08T21:41:49Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.paul.senate.gov/news-dr-rand-paul-testifies-fatca-calls-repeal/"], "units": {}, "query_ms": 0.9066713973879814, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}