A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rules submitted by the Department of the Treasury and the Internal Revenue Service relating to the reporting requirements for interest that relates to the deposits maintained at United States offices of certain financial institutions and is paid to certain nonresident alien individuals.

Fact Sheet API

Bill Number

SJRES 40

Introduced

May 15, 2012

Latest Action

Read twice and referred to the Committee on Finance.

Sponsor

Cosponsors

Topics

Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Business records Congressional oversight Department of the Treasury Finance and Financial Sector Foreign and international banking Interest, dividends, interest rates Internal Revenue Service (IRS) Tax administration and collection, taxpayers

Full Text

View Full Bill Text

Votes

Summary

Disapproves and nullifies the rule submitted by the Department of the Treasury and the Internal Revenue Service (IRS) relating to the reporting requirements for interest that relates to deposits maintained at U.S. offices of certain financial institutions and that is paid to certain nonresident alien individuals.

Actions

May 15, 2012

Read twice and referred to the Committee on Finance.
May 15, 2012

Introduced in Senate

Amendments

Related Bills