Overview
Ways and Means Oversight Subcommittee Releases Proposals to Improve IRS Operations and Tax Administration: House Ways and Means Oversight Subcommittee Chairman Lynn Jenkins (R-KS) and Ranking Member John Lewis (D-GA) announced the release of a discussion draft of the Taxpayer First Act, which is intended to improve IRS operations and the U.S. system of tax administration. The Oversight Subcommittee also released a section-by-section summary of the proposed bill and draft legislative text .
President Imposes First U.S. Economic Sanctions Against Venezuelan Digital Currency: On March 19, 2018, US President Donald Trump issued Executive Order 13827 (the EO), which for the first time targets US economic sanctions against a virtual currency – namely, a digital currency colloquially known as the "petro" that has been issued by the Government of Venezuela (GOV). Click here to read more.