U.S. Senator Ben Sasse, a member of the Senate Finance Committee, cosponsored the introduction of the “Prohibiting IRS Financial Surveillance Act.” The legislation would stop the Internal Revenue Service (IRS) from implementing Democrats’ plan to give the agency access to transaction information of virtually every American.

“The federal government and the IRS have no business running a forever audit on your family’s bank account. The Biden Administration is displaying an out-of-control desire to increase the government’s power. It’s bizarre overreach, and Nebraskans reject it.” — U.S. Senator Ben Sasse

Background:

**The legislation was introduced by Senator Tim Scott (R-SC) and supported by nearly all Republican Senators.

**President Biden, Treasury Secretary Yellen, and the IRS are seeking access to every working American’s financial information by requiring financial institutions to report to the IRS each and every withdrawal and deposit that total at least $10,000.

Click here to read the bill.