Bank-backed House lawmakers try to kill IRS plan to identify $1 trillion in foreign accounts

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House lawmakers backed by banks try to kill IRS plan to identify foreigners' bank accounts

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Excerpts from this story referencing "Posey":

"… n sponsored by Democrat Gregory Meeks of New York and Republican Bill Posey of Florida would stop the IRS from requiring American banks to report inte …"

"… and have deposits in U.S. banks. In announcing the legislation, Meeks and Posey echoed the arguments of American bankers who say the IRS proposal could ch …"

"… e concealment of foreign citizens with hidden U.S. accounts,” Levin said.Posey and Meeks’ bill is likely to get substantial support in the Republican-c …"

"… the $1.1 million Meeks raised during the period, according to the database.Posey received $251,000 from the FIRE sector during the 2010 cycle, nearly one-q …"