Six new US bills that could affect Americans in France

Foreigners are often affected by local laws intended to address other issues; That’s a side effect that the next six bills could help alleviate.

The Association of Americans Resident Abroad (AARO), a nonpartisan organization headquartered in Paris, calls these ‘Highest Bills‘ For the 118th Congress of the United States of America.

AARO President Doris Speer said: Connection: “The purpose of this list is to inform our members about what can help make their lives better.

“People need to know what bills are being proposed so they can contact their Representatives and Senators and try to pass them.”

With just over a year left in this legislative session, all six have been referred to congressional committees, which will decide whether to go to the full chamber for further deliberation.

What’s in these six bills?

Two bills proposed by Democratic lawmakers explicitly target Americans living abroad:

  • Tax Simplification Act for Americans Abroad

It aims to simplify the application process for some foreign taxpayers, expand the types of foreign income that can be excluded from U.S. tax, and raise the threshold for reporting foreign assets to the Financial Crimes Enforcement Network.

Read more: What hope is there for simpler taxation for US citizens in France?

  • Americans Living Abroad Commission Act

It aims to establish a bipartisan panel to examine how federal laws and policies affect Americans abroad.

Republicans also proposed two bills that could be beneficial to foreigners:

  • Bank Secrecy Reform Act
  • Prohibited by the IRS Financial Oversight Act

Both can help mitigate the side effects of policies aimed at combating tax evasion and money laundering.

AARO will help eliminate or limit reporting requirements for U.S. financial institutions, which it says could help nonresident Americans keep U.S. bank accounts.

That may be difficult right now because account holders with foreign addresses face increased regulatory scrutiny, which banks say increases their costs.

This will require the Treasury Department to consult with the National Taxpayer Advocate (NTA) regarding the new regulations.

The NTA is appointed by the Secretary of the Treasury to head an independent organization within the Internal Revenue Service responsible for providing assistance and advocacy to U.S. taxpayers.

  • Social Security Fairness Act

Proposed by both major parties, it would eliminate the windfall elimination provision (WEP), a policy that reduces Social Security benefits for individuals who receive pensions from non-Social Security taxed employment, such as foreign employment.

How can I contact my members of Congress?

Americans in France can contact legislators in the U.S. district where they will vote.

If you have never voted from abroad, you can vote at your last residence in the United States. If you are not a U.S. resident, you can vote at your U.S. parent(s’) last residence.

Mailing addresses and telephone numbers of senators and representatives can be found at: senate.gov And house.gov.

A phone call often carries much more weight than an email, a Facebook post or a tweet. Mailing a letter is the next best thing.

When calling your members of Congress, be sure to identify yourself as a voter by giving the address where you are registered to vote.

“Overseas Americans need to come together,” Ms. Speer said. “Everyone needs to talk to their members of Congress about these bills.”

Read more:

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