{"database": "press", "table": "releases", "rows": [["https://www.scott.senate.gov/media-center/press-releases/scott-colleagues-introduce-bill-to-block-democrats-irs-snooping-proposal/", "Scott, Colleagues Introduce Bill to Block Democrats\u2019 IRS Snooping Proposal", "2021-10-21", "2021", "2021-10", "Republican", "Senate", "SC", "Tim Scott", "S001184", "www.scott.senate.gov", "timscott", "https://www.scott.senate.gov/media-center/press-releases/jsf/jet-engine:press-list", "scraper", "WASHINGTON \u2013 Today U.S. Senator Tim Scott (R-S.C.) and his Republican colleagues introduced the \u201cProhibiting IRS Financial Surveillance Act,\u201d a bill to prevent the Internal Revenue Service (IRS) from implementing Democrats\u2019 plan to give the agency access to transaction information of virtually every American.\n\n\u201cThe Democrats\u2019 plan to allow the IRS to spy on the bank accounts of nearly every person in this country, even those below the poverty line, should be deeply concerning to anyone who values privacy and economic inclusion,\u201d said Senator Tim Scott. \u201cOf the more than 7 million American households that are currently unbanked, the majority are low-income, rural, and minority Americans. Implementing the Biden reporting scheme will disproportionately harm those who need greater access to our financial institutions and people living paycheck to paycheck. My colleagues and I will not stop fighting the Democrats\u2019 wrong-headed proposal to implement more federal government intrusion into our lives.\u201d\n\n\u201cEvery American should be wary of giving the IRS more power and more tentacles into private financial transactions,\u201d said Senator Crapo. \u201cThe IRS bank reporting proposal is one of the biggest expansions of the agency\u2019s authority we\u2019ve ever seen, and is fundamentally flawed. I\u2019m proud to support Senator Scott\u2019s legislation to stop this proposal in its tracks and protect Americans\u2019 personal, private financial information.\u201d\n\n\u201cThe Biden administration\u2019s plan to allow the IRS to monitor Americans\u2019 bank accounts is a dangerous idea that will only prove to be worse over time,\u201d said Senator Toomey. \u201cToday the administration wants to know your annual account inflows and outflows. What will they demand access to tomorrow? I\u2019m glad to join Senator Scott and Senator Crapo in working to ensure this terribly flawed proposal never sees the light of day.\u201d\n\nThe bill is co-sponsored by the ranking members of the Senate finance and banking committees, Senators Mike Crapo (R-Idaho) and Pat Toomey (R-Penn.), as well as Senators Mitch McConnell (R-Ky.), John Thune (R-S.D.), John Barrasso (R-Wyo.), Joni Ernst (R-Iowa), Roy Blunt (R-Mo.), John Cornyn (R-Texas), Roger Marshall (R-Kan.), Thom Tillis (R-N.C.), Cynthia Lummis (R-Wyo.), Steve Daines (R-Mont.), John Kennedy (R-La.), Jerry Moran (R-Kan.), Kevin Cramer (R-N.D.), Richard Shelby (R-Ala.), Mike Rounds (R-S.D.), Chuck Grassley (R-Iowa), Richard Burr (R-N.C.), Todd Young (R-Ind.), John Hoeven (R-N.D.), Cindy Hyde-Smith (R-Miss.), Roger Wicker (R-Miss.), Marsha Blackburn (R-Tenn.), Jim Risch (R-Idaho), Mike Braun (R-Ind.), Shelley Moore Capito (R-W.Va.), Ben Sasse (R-Neb.), Tom Cotton (R-Ark.), Mitt Romney (R-Utah), James Lankford (R-Okla.), Jim Inhofe (R-Okla.), Dan Sullivan (R-Alaska), Josh Hawley (R-Mo.), Marco Rubio (R-Fla.), Rick Scott (R-Fla.), Ted Cruz (R-Texas), Bill Hagerty (R-Tenn.), Tommy Tuberville (R-Ala.), Lindsey Graham (R-S.C.), Ron Johnson (R-Wis.), Rand Paul (R-Ky.), John Boozman (R-Ark.), Mike Lee (R-Utah), Susan Collins (R-Maine), Deb Fischer (R-Neb.), and Rob Portman (R-Ohio).\n\nBACKGROUND\n\nPresident Biden, Treasury Secretary Yellen, and the IRS are seeking access to every working American\u2019s financial information by requiring financial institutions to report to the IRS each and every withdrawal and deposit that total at least $10,000.\n\nThe \u201cProhibiting IRS Financial Surveillance Act\u201d would prohibit the Biden administration\u2019s proposed violation of privacy and federal government overreach.\n\nUnder the Biden reporting regime a family whose monthly expenses total just $833 would still be required to be reported to the IRS.\n\nNearly every American, even those below the poverty line, would be subject to this proposed reporting regime.\n\nThe Joint Committee on Taxation has analyzed the proposal and found that it is likely to impact taxpayers in every income bracket, including those making less than $50,000.\n\nSteven Rosenthal at the left-leaning Tax Policy Center concluded the bank reporting requirement proposal would, \u201cin fact, bury the agency in a sea of unproductive information.\u201d\n\nClick here to read the bill.\n\n###", 1, "2026-03-30T01:40:41Z", "2026-04-06T20:24:51Z"]], "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.scott.senate.gov/media-center/press-releases/scott-colleagues-introduce-bill-to-block-democrats-irs-snooping-proposal/"], "units": {}, "query_ms": 2.2841328755021095, "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"}