U.S. Representative Carolyn B. Maloney (D-NY) has issued a release announcing the introduction of two bills that include measures for the reform of existing tax laws for Americans living overseas. This includes the Overseas Americans Financial Access Act and the Commission on Americans Living Overseas Act of 2019, which are summarized in the release as follows:
The Overseas Americans Financial Access Act directs the Internal Revenue Service (IRS) to exclude from Foreign Account Tax Complian…