Congress Should Pass the STREAMLINE Act

Congress Should Pass the STREAMLINE Act

Americans for Tax Reform supports the STREAMLINE Act (S.3017), introduced by Senators John Kennedy (R-La.) and Tim Scott (R-S.C.), to cut red tape from outdated reporting requirements for banks and credit unions that disrupt service to consumers and small businesses. This legislation is not only welcome but essential, as America’s Anti-Money Laundering (AML) framework has become a costly, intrusive, and inefficient bureaucracy that fails both co…