Democrats Abroad is delighted to announce that Rep. Maloney and Rep. Beyer introduced two House bills today designed to support Americans abroad. The first helps mitigate the unintended harm that FATCA has on Americans' ability to open banking and savings accounts while living abroad, and the second bill is designed to ensure that such consequences are caught before they are baked into Federal law. We salute the Representatives and very much appreciate their efforts on our behalf.
"The Overseas Americans Financial Access Act" directs the Internal Revenue Service (IRS) to exclude from Foreign Account Tax Compliance Act (FATCA) reporting financial accounts held by American citizens in countries where they are bona fide residents. This bill eliminates the unintended and excessive reporting burden imposed on overseas Americans by FATCA, enabling them to more easily open and maintain private bank accounts with foreign financial institutions (FFI’s).
"The Commission on Americans Living Abroad Act of 2019" creates an Executive Commission comprised of a 10-member bipartisan panel to examine the concerns of U.S. citizens living and working abroad. The Commission would analyze, report on, and make appropriate recommendations to address the effects of activities, laws, and policies of the federal government on Americans citizens living overseas.
More information on the bills.
Julia Bryan, the Global Chair of Democrats Abroad, issued the following statement today:
The Trump Administration is once again demonstrating that Donald Trump does not support those that serve our country, including military and government employees working and serving abroad. In a policy statement recently issued from U.S. Citizenship and Immigration Services (USCIS), the administration declared that children born abroad to naturalized Americans will not receive automatic citizenship, nor will many children adopted by Americans abroad.
Naturalized Americans serving abroad are the unsung heroes of our military and government work. These are Americans who have become citizens as a result of their work for the U.S. - work which requires US citizenship and which often causes them to lose their original citizenship. Creating a policy that effectively renders their children stateless is cruel, unjust, and absolutely unpatriotic.
Thank you for joining with Democrats Abroad as we came together in support of the vigils held across the US on July 12. Lights for Liberty aims to shed light on what is happening at the US southern border and across the country: undocumented immigrants and asylum seekers being held in detention centers, facing inhumane conditions and continuing to be separated from their families.
Democrats Abroad honors those who fought for democracy and freedom this Memorial Day. Our leaders and volunteers represented the organization in Memorial Day ceremonies across France, Luxembourg, the Netherlands and the Philippines last weekend, and will also participate in ceremonies this weekend in France.
Americans abroad who support expat tax reform have taken another step forward on the road to Residency Based Taxation (RBT).
Further to our report on the DA tax advocacy Capital Hill meetings of May 14-16, on Tuesday May 21 a group of Democrats Abroad global leaders who vote in the Virginia 8th Congressional district were scheduled to meet with Rep. Don Beyer, their member of Congress, to discuss expat tax reform (plus to a few other issues uniquely impacting Americans abroad).