&quot;The US Treasury worked tirelessly to address many of these problems, and most have been resolved. If there are still problems with the law, then I believe Congress should hold hearings to see how it can be improved.&quot;<p>I bet they are wondering how to stay motivated on this one. Well a minor update to the legal system should fix the problem:<p>Welcome to Congress, we have now designated you a &quot;US Congress Person&quot; for filing purposes.<p>Being or having been a Members of Congress will require you to file all forms that could be requested of any &quot;US Person&quot;.<p>In cases like FATCA you will also be required to disclose all accounts in your country of residence to meet our test of equivalence for &quot;US Persons&quot; abroad. Banks in the US will now be required to follow all procedures for FATCA for the special case of &quot;US Congress Persons&quot; or face 30% penalties. If Banks are unable to establish whether account holders are &quot;US Congress Persons&quot; they shall pay 30% penalties on all US sourced income.<p>The penalties for failure to file any form as a &quot;US Congress Person&quot; shall be no less than the highest established for other &quot;US Persons&quot;.<p>Being convicted of some crimes and failures to file may limit your time in office but does not change your status and obligations as a &quot;US Congress Person&quot;. If (Ex-)Congresspeople would like to renounce their citizenship they will automatically face the maximum 10 years of continued filing with the IRS as provided by the current regulations. &quot;US Congress Person&quot; like &quot;US Person&quot; can not be renounced separately.<p>Children of US Congress Persons shall inherit all filing birthrights of being a &quot;US Congress Person&quot;.<p>(edit- fix mis-attribution of renunciation&#x2F;IRS filing issue to FATCA)