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Representatives Maloney, Salazar, Titus, and Beyer submit HR 5799, The Overseas Americans Financial Access Act, as an amendment to the National Defense Authorization Act.

 

Representatives Maloney, Salazar, Titus, and Beyer have submitted HR 5799, The Overseas Americans Financial Access Act, as an amendment to H.R.7900 - National Defense Authorization Act for Fiscal Year 2023

HR-5799 calls for the application of "Same Country Exception" for FATCA reporting and would help alleviate issues of foreign banking lockout experienced by some US citizens living and working overseas.  ACA applauds Representatives Maloney, Salazar, Titus and Beyer on their efforts and on their continued support of the community of US citizens living and working overseas.  A decision on the inclusion of the amendment into the National Defense Authorization Act is expected in the coming days.