Republicans Overseas Secures Witnesses for House Hearing on FATCA Damage

April 21, 2017

TERRE HAUTE, IN – Congressman Mark Meadows (R-NC) will chair a hearing of the Subcommittee on Government Operations of the House Committee of Oversight and Government Reform on “Reviewing the Unintended Consequences of the Foreign Account Tax Compliance Act (FATCA)” on Wednesday, April 26, 2017 at 2:00 pm in the Rayburn House Office Building (Room 2154).

FATCA has been the primary factor in the dramatic increase in citizenship renunciation by Americans overseas for the past five years. Last year, 5,411 individuals gave up their US citizenship (compared with 231 in 2008); many chose the irrevocable option simply to be able to have basic bank accounts in the communities where they live overseas.

Click below to read the full press release.

FATCA HEARING PRESS RELEASE 200417

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Republicans Overseas provides two-way infrastructure to keep Republicans abroad politically well-informed along with a mechanism to direct their policy concerns back to political leaders and Presidential candidates.

MISSION: To inspire the nine million Americans living overseas to engage more fully in the U.S. democratic political process through the provision of briefings, policy research and advocacy.

OUR VISION: Americans living and working overseas love their country and desire a strong and prosperous America respected throughout the world. Republicans Overseas keeps Americans living overseas politically well-informed and provides a mechanism to direct their policy concerns back to political leaders and Presidential candidates. The vision of Republicans Overseas is to represent the unique concerns of Americans living overseas, to elect federal candidates addressing those concerns, and to effectively influence policy.