Bill > HR5978

This bill directs the Comptroller General (the head of the Government Accountability Office) and the Secretary of the Treasury to conduct a comprehensive study on foreign government programs that might help individuals in the United States avoid paying federal taxes through remittance transfers. The study will specifically focus on identifying foreign programs designed to support money transfers from the United States, determining whether these programs intentionally circumvent U.S. tax and reporting laws, and assessing the financial scale and policy implications of such programs. Within 180 days of the bill's enactment, the Comptroller General must submit a detailed report to Congress that includes the study's findings and recommended enforcement or regulatory actions to address any identified tax evasion mechanisms. The bill aims to increase transparency and accountability in international financial transfers by proactively investigating potential tax avoidance strategies.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/5978/all-info