The Republican and Democratic leaders of the House Ways and Means Committee have introduced bipartisan legislation to protect taxpayers against the inappropriate use of civil asset forfeitures by the Internal Revenue Service.
Ways and Means chairman Dave Camp, R-Mich., and ranking member Sander Levin, D-Mich., introduced the Taxpayer Protections Against Abusive Seizures Act, which would provide taxpayers with protections against the inappropriate application of civil forfeiture laws. The laws were enacted to curtail money laundering and terrorist activities, but a recent report in The New York Times found they have also been used to seize funds from some small businesses, in some cases leaving business owners with no working capital to make payroll and maintain needed inventory.
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