Federal funding shortfall to IRS threatens US sanctions enforcement on Russian oligarchs
CNN
A funding shortfall in the latest Ukraine aid package could affect the Internal Revenue Service criminal investigations unit that tracks the luxury yachts, apartments and other hidden assets of Russia's elite, raising the possibility that the US enforcement of sanctions might have some gaps or pull resources from other priorities.
The Biden administration's efforts to secure emergency funding for the Treasury Department's sanctions efforts were met in full -- except for one. Republicans balked at the request to infuse the IRS investigations unit (IRS-CI) with $30 million, according to people involved in the negotiations. The objection was tied to concern over the agency, which sits under the Treasury umbrella, diverting focus from its core mission.
But it underscored long-standing wariness from GOP lawmakers about boosting the agency's enforcement funding, and general Republican opposition to significant funding boosts for the IRS.
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