| Entities | |
| Topics and Issues |
In January 2023, a coalition of businesses wrote to key congressional tax writers expressing concerns about recent Internal Revenue Service (IRS) changes regarding the Income Verification Express Service (IVES) system. The letter also urged the House Ways and Means and Senate Finance Committees’ Chairs and Ranking Members to actively consider – and pass – H.R. 3335, the “IRS eIVES Modernization and Anti-Fraud Act of 2023,” a bipartisan bill introduced last year by House Financial Services Committee Chair Patrick McHenry (R-NC) and Jimmy Panetta (D-CA).
Signing the letter were:
- American Bankers Association
- America’s Credit Unions
- American Fintech Council
- Consumer Data Industry Association
- Electronic Transactions Association
- Financial Technology Association
- Innovative Lending Platform Association
- Independent Community Bankers Association
- Mortgage Bankers Association
- Responsible Business Lending Coalition
- Small Business Finance Association