Appellate Court Upholds Dismissal of Suit by Sen. Rand Paul to Strike Down FATCA

On August 18, 2017, the U.S. Court of Appeals for the Sixth Circuit affirmed in a unanimous opinion written by Circuit Judge Danny J. Boggs the dismissal of a lawsuit brought by Senator Rand Paul and other individuals who claim to be subject to Foreign Account Tax Compliance Act (FATCA) and the Foreign Bank Account Report (FBAR).The suit sought to enjoin the enforcement of FATCA, the IGAs, and the FBAR. The plaintiffs now appeal the dismissal of their lawsuit for lack of standing.