Two Republican U.S. House Ways and Means Committee members are asking the U.S. Treasury Department whether it plans to use Inflation Reduction Act funds to surveil the business and personal bank accounts of Americans. President Biden proposed a bank surveillance plan in 2021, but Congressional Democrats dropped the proposal soon after. The President later modified the proposal by raising the original $600 “gross flow threshold” to $10,000 (which doesn’t include wages or government benefits). Nevertheless, Kevin Brady (R-TX) and Drew Ferguson (R-GA) say they remain concerned that Biden will implement the surveillance scheme via executive action. Read their letter: https://bit.ly/3Fuf3xm
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