Sep. 09, 2021
Ahead of a House Ways and Means Committee markup starting today, ICBA reiterated its opposition to any proposal that would require banks to report customer account information to the IRS.
Letter: In a letter to the panel before it starts working to advance a major spending bill that could include the IRS proposal and pass with a simple majority, ICBA cited its poll results showing 67% of voters oppose the plan and 64% do not trust the IRS to monitor their account information.
Campaign: Meanwhile, ICBA continues calling on community bank customers and other consumers to contact Congress in opposition to the plan. More than 30,000 consumers have sent more than 100,000 custom messages to lawmakers as part of the campaign.
Resources: ICBA offers community bankers customizable email text and social media content to spread the word about the IRS plan among their customers and communities.
More: ICBA President and CEO Rebeca Romero Rainey details the multi-faceted consumer campaign—including ICBA’s custom resources—in a post on Main Street Matters and LinkedIn.