A bill to rescind the unobligated balances of amounts appropriated for Internal Revenue Service enhancements and use such funding for an External Revenue Service.

1/22/2025, 11:56 AM
Congress
119

Number
S - 175

Introduced on
2025-01-21

# Amendments
0

Sponsors

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Read twice and referred to the Committee on Finance.
Bill 119 s 175, also known as the "Rescind and Redirect Act," is a proposed piece of legislation in the US Congress. The main purpose of this bill is to rescind any unobligated balances of funds that were previously appropriated for enhancements to the Internal Revenue Service (IRS). These funds would then be redirected and used to establish an External Revenue Service.

The bill aims to shift resources away from the IRS and towards the creation of a new agency, the External Revenue Service. This new agency would likely have a different focus and priorities than the IRS, potentially leading to changes in how tax enforcement and collection are handled in the United States.

Supporters of the bill argue that the IRS has become too bloated and inefficient, and that redirecting funds to a new agency could lead to improved tax enforcement and collection efforts. Critics, however, are concerned about the potential impact on the IRS's ability to effectively carry out its duties and the potential consequences of creating a new agency. Overall, Bill 119 s 175 is a controversial piece of legislation that seeks to reallocate funds from the IRS to a new External Revenue Service. The outcome of this bill could have significant implications for tax enforcement and collection in the United States.
Alternative Names
Official Title as IntroducedA bill to rescind the unobligated balances of amounts appropriated for Internal Revenue Service enhancements and use such funding for an External Revenue Service.

Comments

Recent Activity

Latest Action1/21/2025
Read twice and referred to the Committee on Finance.