Today, Congressman Bill Huizenga (MI-02) announced he has cosponsored two separate pieces of legislation designed to stop the IRS from gaining access to the private financial data of law-abiding Americans. “The Biden Administration’s desire to empower the IRS to collect more data on the private lives and spending habits of Americans should be rejected,” said Congressman Bill Huizenga. “The IRS has... Read more »
Today, Congressman Bill Huizenga (MI-02), Ranking Member of the Investor Protection, Entrepreneurship and Capital Markets Subcommittee, announced the introduction of the Streamlining Public Company Accounting Oversight Act. This bill amends Sarbanes-Oxley by moving the Public Company Accounting Oversight Board (PCAOB) under the authority of the Securities and Exchange Commission’s (SEC) Office of ... Read more »
Today, Congressman Bill Huizenga (MI-02) joined more than 140 legislators in sending a letter to Treasury Secretary Janet Yellen and Internal Revenue Service (IRS) Commissioner Charles Rettig to express his concern with a recent IRS data collection proposal that will increase tax information reporting requirements on financial institutions. Specifically, this radical proposal would require financi... Read more »
Today, Congressman Bill Huizenga (MI-02), Rep. French Hill (AR-02), and Rep. Andy Barr (KY-06) released the following joint statement after Securities and Exchange Commission (SEC) Chairman Gary Gensler indicated that he’s directed the SEC “to develop a mandatory climate risk disclosure rule proposal for the Commission’s consideration by the end of the year.” “Before requiring any type of climate ... Read more »
U.S. small businesses were among the hardest hit by the pandemic. Many were shut down by state and local governments while their employees were displaced, and their customers barred from entry. Meanwhile, their business was diverted to “essential” big box stores and Amazon and their supply and distribution chains were disrupted. Now, small businesses are also struggling because they must compete w... Read more »
On Friday, Congressman Bill Huizenga (R-MI) and Congressman Brian Higgins (D-NY) were officially appointed by the Speaker of the House of Representatives to serve as co-chairs of the Canada-United States Inter-Parliamentary Group. The Inter-Parliamentary Group is comprised of a coalition of elected leaders from both countries committed to advancing dialogue on policies of mutual interest. Bilatera... Read more »
Today, Congressman Bill Huizenga announced his support for the Abortion Providers Loan Elimination (APLE) Act. This legislation would require Planned Parenthood affiliates to return the $80 million in loans they illegally applied for and received under the Paycheck Protection Program (PPP). It also ensures Planned Parenthood affiliates, as well as other abortion providers, remain ineligible for an... Read more »
Yesterday afternoon, Congressman Bill Huizenga (MI-02) read a constituent letter from a West Michigan CPA to Treasury Secretary Janet Yellen calling for tax filing alignment and certainty. Recently, the IRS announced the federal filing deadline for 2020 was moved to May 17th. However, taxpayers who are required to file quarterly estimates for 2021 are still required to have those payments in by Ap... Read more »
Today, Congressman Bill Huizenga (R-MI) announced the introduction of the Special Drawing Rights Oversight Act with Representatives French Hill (R-AR) and Andy Barr (R-KY). This bill limits the executive branch’s ability to bypass Congress to authorize Special Drawing Right (SDR) allocations by limiting the size and frequency of allocations unless Congress authorizes them by law. Under current law... Read more »
Last week, Michigan Congressman Bill Huizenga (R-MI) and Congressman Patrick McHenry (R-NC), the top republican on the House Financial Services Committee, introduced legislation to protect American savers and investors from Democrats’ harmful tax proposals. The Protecting Retirement Savers and Everyday Investors Act would block states from imposing financial transactions taxes (FTTs) on certain in... Read more »
See the latest happenings in the 2nd District by following me on my Facebook, Twitter, and Instagram social media channels. I encourage you to join the conversation!
