[Congressional Record (Bound Edition), Volume 156 (2010), Part 5]
[House]
[Page 6514]
[From the U.S. Government Publishing Office, www.gpo.gov]




                AMERICANS ABROAD FACE BANKING ROADBLOCKS

  (Mr. WILSON of South Carolina asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. WILSON of South Carolina. Mr. Speaker, Americans living abroad 
continue to face unnecessary roadblocks not only to U.S. banks, but 
increasingly at foreign banks as well. The requests from expats 
continue to come in at a startling rate.
  I want to thank Congresswoman Carolyn Maloney for helping to bring 
these banking roadblocks to the attention of the Treasury Department. 
We are hoping that the Financial Services Committee will soon hold 
hearings to review current U.S. banking laws and regulations that may 
prevent Americans living overseas from accessing U.S. banking services.
  International Herald Tribune reporter Brian Knowlton recently 
highlighted that ``amid mounting frustration over taxation and banking 
problems, small but growing numbers of overseas Americans are taking 
the weighty step of renouncing their citizenship.'' I encourage the 
Financial Services Committee to read Knowlton's article and schedule a 
hearing in the very near future.
  In conclusion, God bless our troops and we will never forget 
September 11th in the Global War on Terrorism.

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