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Citizens State Bank

Act today to stop the IRS from invading your privacy!

Money

Citizens State Bank wants customers to know some alarming developments around proposed legislation that attacks your financial privacy.

The Biden Administration is proposing that financial institutions must report additional customer information to the IRS. Financial institutions would be mandated to report on any accounts with more than $600 of activity or balances.

The bank would be forced to report to the IRS gross inflows and outflows with breakdowns for physical cash and transfers to and from other accounts with the same owner. The proposal would cover all business and personal accounts, including deposit, loan, and investment accounts. The proposal has wide support among Democratic lawmakers.

This indiscriminate, comprehensive bank account reporting legislation can soon be enacted in Congress. Citizens feels this is unwarranted and unacceptable. The proposed account profiling is intrusive and compromises your privacy.

Let Congress know your privacy matters!

To personally contact your Congressional representatives, here is the contact information for the Minnesota delegation.

Amy Klobuchar
United States Senate
302 Hart Senate Office Building, Washington, DC 20510
(202) 224-3244

Tina Smith
United States Senate
309 Hart Senate Office Building, Washington, DC 20510
(202) 224-5641

Jim Hagedorn
First District - U.S. House of Representatives
325 Cannon House Office Building, Washington, DC 20515
(202) 225-2472

Angie Craig
Second District - U.S. House of Representatives
1523 Longworth House Office Building, Washington, DC 20515
(202) 225-2271

Dean Phillips
Third District - U.S. House of Representatives
1305 Longworth House Office Building, Washington, DC 20515
(202) 225-2871

Betty McCollum
Fourth District - U.S. House of Representatives
2256 Rayburn House Office Building, Washington, DC 20515
(202) 225-6631

Iihan Omar
Fifth District - U.S. House of Representatives
1517 Longworth House Office Building, Washington, DC 20515
(202) 225-4755

Tom Emmer
Sixth District - U.S. House of Representatives
315 Cannon House Office Building, Washington, DC 20515
(202) 225-2331

Michelle Fischbach
Seventh District - U.S. House of Representatives
1237 Longworth House Office Building, Washington, DC 20515
(202) 225-2165

Pete Stauber
Eighth District - U.S. House of Representatives
126 Cannon House Office Building, Washington, DC 20515
(202) 225-6211