Carl A Loc: Homosassa FL

Does anyone know any thing Obama's H.R. 2847

dmadam Loc: State of Maine, USA

chiya Loc: Wellsboro, Pa.

Frapha Loc: Tulsa, Oklahoma

The prediction of total collapse on July 1, 2014 is just tinfoil hat stuff.

Frank T Loc: New York, NY

Why would you worry about July 1, 2014 when the world already ended on December 12, 2012?

HEART Loc: God's Country - COLORADO

...and got the pictures to prove it....somewhere around here... :) :)

Millismote Loc: Massachusetts

H.R. 2847, the Hire Incentives to Restore Employment (HIRE) Act is real and was signed into law in 2010. In this bill was tacked the Foreign Account Tax Compliance Act. This law, known as FATCA, makes U.S. residents accountable for money invested in foreign banks by requiring the offshore financial institutions to provide a 1099 form to the Internal Revenue Service for their American customers. This according to a July 28, 2013 article by The Hill, a new service that reports on the business of the U.S. Government in Washington, D.C.
The article said, "Under FATCA, banks will be forced to submit information on total assets, account balances, transactions, account numbers and other personal identifying information. This intrusion goes way beyond a 1099 and would not be accepted or tolerated by Americans living in United States. " Noncompliance will result in huge financial penalties and sanctions to the foreign financial institutions.
It is not really known what ramifications this law will have on U.S. residents with funds in foreign banks or if foreign banks will cooperate with the law. The Hill also reported that the U.S. demands on foreign banks to provide client information may "violate their own country's laws and constitutions."