0
0
0
To rescind certain balances made available to the Internal Revenue Service.
1/10/2025, 9:05 AM
Summary of Bill HR 196
Bill 119 HR 196, also known as the "Rescinding IRS Balances Act," aims to revoke certain funds that were allocated to the Internal Revenue Service (IRS). The bill was introduced in the House of Representatives and is currently under consideration.
The purpose of this legislation is to address concerns about the IRS's use of funds and ensure that taxpayer money is being spent efficiently and effectively. By rescinding these balances, the bill seeks to hold the IRS accountable for its financial management and promote transparency in government spending.
If passed, Bill 119 HR 196 would require the IRS to return the specified balances to the Treasury Department, where they would be reallocated for other purposes. This measure is intended to prevent wasteful spending and promote fiscal responsibility within the IRS. Overall, the Rescinding IRS Balances Act is a straightforward piece of legislation that aims to address financial accountability within the IRS. It is important for Congress to carefully consider the implications of this bill and ensure that taxpayer dollars are being used responsibly.
The purpose of this legislation is to address concerns about the IRS's use of funds and ensure that taxpayer money is being spent efficiently and effectively. By rescinding these balances, the bill seeks to hold the IRS accountable for its financial management and promote transparency in government spending.
If passed, Bill 119 HR 196 would require the IRS to return the specified balances to the Treasury Department, where they would be reallocated for other purposes. This measure is intended to prevent wasteful spending and promote fiscal responsibility within the IRS. Overall, the Rescinding IRS Balances Act is a straightforward piece of legislation that aims to address financial accountability within the IRS. It is important for Congress to carefully consider the implications of this bill and ensure that taxpayer dollars are being used responsibly.
Congressional Summary of HR 196
Family and Small Business Taxpayer Protection Act
This bill rescinds unobligated funds that were provided by the Inflation Reduction Act of 2022 to the Internal Revenue Service (IRS) for enforcement activities related to the determination and collection of taxes, for operations support for taxpayer services and enforcement activities, and for a task force to research options for a free, direct electronic filing (e-filing) tax return system.
The bill also rescinds unobligated funds that were provided by the Inflation Reduction Act of 2022 for expenses of the
- Treasury Inspector General for Tax Administration,
- Office of Tax Policy,
- U.S. Tax Court, and
- offices within the Department of the Treasury that provide oversight and support for the IRS.
Current Status of Bill HR 196
Bill HR 196 is currently in the status of Bill Introduced since January 3, 2025. Bill HR 196 was introduced during Congress 119 and was introduced to the House on January 3, 2025. Bill HR 196's most recent activity was Referred to the House Committee on Ways and Means. as of January 3, 2025
Bipartisan Support of Bill HR 196
Total Number of Sponsors
6Democrat Sponsors
0Republican Sponsors
6Unaffiliated Sponsors
0Total Number of Cosponsors
65Democrat Cosponsors
0Republican Cosponsors
65Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 196
Primary Policy Focus
Alternate Title(s) of Bill HR 196
To rescind certain balances made available to the Internal Revenue Service.
To rescind certain balances made available to the Internal Revenue Service.
Comments
Sponsors and Cosponsors of HR 196
Latest Bills
National Defense Authorization Act for Fiscal Year 2027
Bill S 4784August 24, 2026
A bill to expand the sharing of information with respect to suspected violations of intellectual property rights in trade.
Bill S 2677August 24, 2026
READ Act
Bill S 4689August 24, 2026
National Law Enforcement Officers Remembrance, Support, and Community Outreach Act
Bill HR 309August 21, 2026
National Oceanic and Atmospheric Administration Sexual Harassment and Assault Prevention Improvements Act of 2025
Bill HR 2406August 21, 2026
No Antisemitism in Education Act of 2026
Bill HR 8476August 21, 2026
Chesapeake Bay Watershed Advancement for Training, Education, Restoration, and Science (WATERS) Act
Bill HR 6893August 21, 2026
To provide for the equitable settlement of certain Indian land disputes regarding land in Illinois, and for other purposes.
Bill HR 2827August 21, 2026
Local Communities & Bird Habitat Stewardship Act of 2026
Bill HR 3276August 21, 2026
To reauthorize the Young Women’s Breast Health Education and Awareness Requires Learning Young Act of 2009.
Bill HR 4541August 20, 2026