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Last updateThu, 20 Nov 2025 3pm

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Will FATCA be repealed?

Since I have been closely following the unfolding – and somewhat constantly shifting – tax policy of the Trump administration and the 115th Congress, I get asked often what will happen, if anything, to FATCA, the U.S. Foreign Account Tax Compliance Act.  

Flags are burned on Flag Day

June 14 is Flag Day. This marks the day in 1777 when the stars-and-stripes version of the flag was declared our country’s official symbol over other flags used by revolutionary militias.