The Senate Finance Committee today approved, by voice vote, a bill that addresses identity theft, fraud prevention, and related procedural matters.
The legislation—“An original bill to prevent identity theft and tax refund fraud”—includes provisions that would:
Read documents related to the bill on the Finance Committee website.
The bill approved by the Finance Committee does not include provisions that would provide authority to the IRS and Treasury Department to regulate all paid tax return preparers. The bill will now be referred to the full Senate for possible consideration. A date has not been set for the Senate to consider the bill.
The Senate Finance Committee suspended its consideration of another bill—the Taxpayer Protection Act—due to a lack of a quorum. Senate Finance Committee Chairman Orrin Hatch (R-UT) indicated that the committee would finish its markup of this bill later.
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