Democrats scale back a proposal to require banks to report balances to the I.R.S.

Banks would have to provide data on accounts with total annual deposits or withdrawals worth more than $10,000, not including payroll and beneficiary deposits, rather than the $600 threshold initially proposed.Banks would have to provide data on accounts with total annual deposits or withdrawals worth more than $10,000, not including payroll and beneficiary deposits, rather than the $600 threshold initially proposed.

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