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ETA Signs Joint Trade Letter to Congressional Appropriators Urging Inclusion of H.R. 3860, the IRS Data Verification Modernization Act, in FY ‘18 Omnibus Bill

As you assemble the FY 2018 omnibus appropriations bill, we hope you would retain provisions of the FY ‘18 Financial Services General Government Appropriations bill based on the bipartisan IRS Data Verification Modernization Act, H.R.3860. This bill would require small tech upgrades at the IRS which would produce great benefits to our economy by increasing access to capital and making it more affordable, faster, easier, and safer for small businesses to borrow. Specifically, it would require the Internal Revenue Service (IRS) to consider technical upgrades that would enable borrowers to submit the complete IRS form 4506-T online and instantly and directly share tax return information with their lenders.

Read the full letter here.