It’s been a while since SBAM has had a call to action for its members. They don’t ask businesses to contact their elected representatives unless is it very important. Now is such a time.

The Biden administration reportedly is proposing requiring financial institutions to report to the IRS all transactions of all business and personal accounts worth more than $600.

This is an unprecedented invasion of privacy.

In order to knock down this intrusive proposal, please let your Representative and Senator know that you oppose this proposal.