Sen. Rand Paul's FATCA Lawsuit Tossed For Lack Of Standing

Law360, New York (April 26, 2016, 9:15 PM EDT) -- An Ohio federal judge tossed a lawsuit filed by Sen. Rand Paul, R-Ky., and several current and former U.S. citizens living abroad that challenged key elements of the Foreign Account Tax Compliance Act, saying the plaintiffs hadn't shown that the law had harmed them or probably would harm them.

Paul and nine others lack standing, U.S. District Judge Thomas Rose ruled, and they still haven't done anything to fix the problems Judge Rose identified when he refused to issue an injunction against the law's provisions in September. The harms the parties chalk up to FATCA are either speculative or the fault of...

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