The IRS proposal is to begin reporting interest income paid to foreigners to their foreign governments. You have until May 31, 2001 to send comments (for or against) to the IRS. Some people think that this will hurt the U.S. economy (and the dollar) because foreign money will flee the U.S.-- I came across this view at this URL (I found the URL in a Washington Post article): http://www.freedomandprosperity.org/update/irsreg/irsreg.shtml Apparently, the U.S. is a huge tax haven for foreign money because there is no effective information sharing (except with Canada) of interest and most capital gains paid to foreigners. I did not know about this. I thought some of you would find the proposal of interest.