October 31,2019

Wyden Statement on New Opportunity Zone Reporting Requirements

Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today released the following statement in reaction to the Treasury Department announcement of new Opportunity Zone reporting requirements: 

“Requiring taxpayers to prove they’re actually following the rules of the Opportunity Zone program is a positive first step, but it’s one that should have been taken two years ago, instead of prioritizing rules to let the Treasury secretary’s cronies profit at taxpayers’ expense. The Opportunity Zone program has been operating without any effort to ensure compliance and that’s inexcusable.”