More on Financial Services
WASHINGTON - Congressman Stockman last week introduced H.R. 4381, the Biometric Information Privacy Act. It would protect a consumer’s personal physiological biometric information from being passed onto third parties.
Biometric data include personal identifying information such as DNA, fingerprints, retinal scans or facial scanning, converted into binary code.
WASHINGTON - Today Congressman Steve Stockman (R-TX) will introduce the “Virtual Currency Tax Reform Act.” If enacted, this legislation would change the tax status of virtual currencies, such as Bitcoin, from property to currency.
Congressman Stockman introduced this legislation as the IRS begins to regulate virtual currencies as property and require capital gains tax payments on any virtual currency transactions. This legislation would instead require Americans to pay sales taxes on virtual currency transactions, a more proper way of taxing such transactions.
Human Events' John Gizzi reports:
WASHINGTON -- Congressman Steve Stockman (R-Texas) introduced Thursday “The Audit The Fed Act” which would require an audit of the Federal Reserve.
"The Federal Reserve is too big to be allowed to operate in secrecy. Congress has a right to know how the Fed operates and where the money is going. The Constitution clearly gives Congress the authority to regulate our monetary system, yet we are not allowed to even see the books. An audit of the Federal Reserve is a first step toward restoring our Constitutional Republic,” said Stockman.