US Federal 2023-2024 Regular Session

US Federal House Bill HB1010

Introduced
2/14/23  

Caption

Prohibiting IRS Financial Surveillance Act

Impact

If passed, HB1010 would amend existing regulations to restrict the IRS's authority over financial reporting rules. The legislation focuses on ensuring that only the reporting requirements that were in effect as of January 1, 2023, remain applicable. This move could significantly alter the landscape of financial reporting in the United States, potentially curtailing the government's ability to track large transactions that may be indicative of tax evasion or other financial crimes. Such a change could raise concerns among those advocating for increased transparency in financial dealings, especially regarding wealthier individuals and businesses.

Summary

House Bill 1010, titled the 'Prohibiting IRS Financial Surveillance Act,' seeks to prevent the implementation of new requirements for financial institutions to report deposits and withdrawals in bank accounts to the IRS. The bill emphasizes the need to protect taxpayers from what its proponents consider invasive governmental oversight of personal financial transactions. Legislators supporting this bill argue that such requirements would infringe upon individuals' privacy and complicate their financial dealings without substantial justification.

Contention

Debate around HB1010 highlights a divide between concerns over privacy and the necessity for governmental oversight in financial matters. Advocates of the bill argue that increased reporting requirements could be tantamount to unwarranted surveillance of citizens, while opponents assert that transparency is crucial for preventing tax fraud and ensuring equitable tax contributions. The balance between protecting citizen privacy and maintaining necessary oversight remains a contentious issue as the legislative process unfolds.

Companion Bills

US SB453

Related Prohibiting IRS Financial Surveillance Act

Previously Filed As

US HB1919

Anti-CBDC Surveillance State Act

US HB84

Buzz Off Act This bill prohibits federal law enforcement from using unmanned aerial vehicles to intentionally conduct surveillance of a specifically targeted U.S. citizen or the property of such an individual, with certain exceptions. Specifically, this prohibition shall not apply if (1) the federal law enforcement agency in question first obtains a search warrant, (2) the Department of Homeland Security certifies that such surveillance is necessary to counter a high risk of a terrorist attack by a specified person or organization, or (3) the citizen gives written consent.

US HB26

Born-Alive Abortion Survivors Protection Act This bill establishes requirements for the degree of care a health care practitioner must provide in the case of a child born alive following an abortion or attempted abortion. Specifically, a health care practitioner who is present must (1) exercise the same degree of care as would reasonably be provided to any other child born alive at the same gestational age, and (2) ensure the child is immediately admitted to a hospital. Additionally, a health care practitioner or other employee who has knowledge of a failure to comply with the degree-of-care requirements must immediately report such failure to law enforcement. A health care practitioner who fails to provide the required degree of care, or a health care practitioner or other employee who fails to report such failure, is subject to criminal penalties—a fine, up to five years in prison, or both. An individual who intentionally kills or attempts to kill a child born alive is subject to prosecution for murder. The bill bars the criminal prosecution of a mother of a child born alive under this bill and allows her to bring a civil action against a health care practitioner or other employee for violations.

US HB231

Terminate TikTok on Campus Act of 2023 This bill prohibits an institution of higher education (IHE) from receiving federal funds unless the IHE takes certain actions to ban the use of the social media video application TikTok. Specifically, the IHE must develop and implement standards and guidelines (1) prohibiting the use of TikTok on electronic devices owned or issued by the IHE, and (2) requiring the removal of TikTok from these devices. The bill includes an exception for research that (1) is conducted, supervised, or authorized by an IHE's faculty; and (2) pertains to national security, law enforcement, telecommunications, or cybersecurity.

US HB34

Assuring Medicare’s Promise Act of 2023 This bill increases net investment income tax revenues by applying such tax to the trade or business income of certain high income taxpayers and includes the increased tax revenues in the Federal Hospital Insurance Trust Fund.

US HB35

Close the Medigap Act of 2023 This bill (1) expands guaranteed issue rights with respect to Medigap policies (Medicare supplemental health insurance policies), (2) eliminates certain limitations on Medigap policies for newly eligible Medicare beneficiaries, and (3) modifies other provisions related to Medigap policies. (Guaranteed issue rights require that a policy be offered to any eligible applicant without regard to health status.)

US HB40

Commission to Study and Develop Reparation Proposals for African Americans Act This bill establishes the Commission to Study and Develop Reparation Proposals for African Americans. The commission must (1) compile documentary evidence of slavery in the United States; (2) study the role of the federal and state governments in supporting the institution of slavery; (3) analyze discriminatory laws and policies against freed African slaves and their descendants; and (4) recommend ways the United States may recognize and remedy the effects of slavery and discrimination on African Americans, including through a formal apology and compensation (i.e., reparations). The commission consists of individuals from civil society and reparations organizations and individuals appointed by the President and congressional leadership; Members of Congress and governmental employees may not serve on the commission. The commission may hold hearings, subpoena witnesses and records, and contract with other entities to conduct its work. The commission must submit its final report within 18 months of its first meeting.

US HB38

Concealed Carry Reciprocity Act This bill establishes a federal statutory framework to regulate the carry or possession of concealed firearms across state lines. Specifically, an individual who is eligible to carry a concealed firearm in one state may carry or possess a concealed handgun (other than a machine gun or destructive device) in another state that allows its residents to carry concealed firearms. It sets forth requirements for the lawful concealed carry across state lines. The bill preempts most state and local laws related to concealed carry and establishes a private right of action for a person adversely affected by interference with a concealed-carry right established by this bill.

US HB2091

financial surveillance fund; insurer examinations

US HB57

Protecting Personal Data from Foreign Adversaries Act This bill authorizes sanctions and other prohibitions relating to software that engages in user data theft on behalf of certain foreign countries or entities. The President may regulate or prohibit transactions using software that engages in the theft or unauthorized transmission of user data and provides access to such data to (1) a communist country, (2) the Chinese Communist Party (CCP), (3) a foreign adversary, or (4) a state sponsor of terrorism. The President may also impose visa- and property-blocking sanctions on developers and owners of software that makes unauthorized transmissions of user data to servers located in China that are accessible by China's government or the CCP. The Department of State shall report to Congress a determination regarding whether WeChat or TikTok fall within certain regulations and prohibitions, including those provided under this bill. (WeChat and TikTok are software programs developed by China-based companies.)

Similar Bills

No similar bills found.