TEAMS Act

Tax-preparer Enforcement, Accountability, and Minimum Standards Act or the TEAMS Act

This bill authorizes the Department of the Treasury to regulate tax return preparers, including by sanctioning preparers for incompetence and disreputable behavior and by establishing minimum competency standards for preparers.

The TEAMS Act, also known as Bill 117 hr 3737, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to promote teamwork and collaboration within federal agencies by establishing a framework for the development and implementation of team-based performance management systems.

Under the TEAMS Act, federal agencies would be required to develop performance management systems that focus on team-based goals and objectives, rather than individual performance metrics. This is intended to encourage employees to work together towards common goals, rather than focusing solely on their own individual achievements.

Additionally, the TEAMS Act would require federal agencies to provide training and support for employees to help them effectively work in teams. This includes training on communication, conflict resolution, and other skills necessary for successful teamwork. Overall, the TEAMS Act aims to improve the efficiency and effectiveness of federal agencies by promoting a culture of collaboration and teamwork. Supporters of the bill argue that this approach will lead to better outcomes for the American people, while critics raise concerns about the potential challenges of implementing and managing team-based performance management systems.