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In this update, Lena, a certified public accountant, discusses the ongoing proposal to grant the IRS access to review bank account transactions. Despite significant public backlash and opposition from most financial institutions, the proposal shows no signs of losing momentum. Speaker of the House Nancy Pelosi has defended the initiative, advocating for increased reporting from financial institutions to the IRS regarding bank account information. Lena emphasizes that the proposal remains a contentious topic, and encourages viewers to stay informed on the issue. For more updates on personal finance and taxes, she invites new viewers to subscribe to her channel.