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A bill to rescind the unobligated balances of amounts appropriated for Internal Revenue Service enhancements and use such funding for an External Revenue Service.

Bill Number
S. 175
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Taxation
Status
Introduced
Latest Action
2025-01-21: Read twice and referred to the Committee on Finance.
Last Updated
2025-05-27T14:12:54Z

AI-Generated Summary

Purpose

This bill (S. 175) aims to cancel (rescind) unused funds previously allocated for improving the Internal Revenue Service (IRS) and suggests redirecting an equivalent amount to create and run a new agency called the External Revenue Service. The IRS handles domestic tax collection and enforcement, while the proposed External Revenue Service is not defined in the bill but implies a focus on external or international revenue matters.

Key Provisions

Significant Changes to Existing Law

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Sen. Moreno, Bernie [R-OH]

Recent Actions

Bill Versions