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FAQs: Role of the NIF Value and cost How would the costs of the NIF get paid for? Would it require higher taxes?
FAQs: Role of the NIF Value and cost How would the costs of the NIF get paid for? Would it require higher taxes?
| How would the costs of the NIF get paid for? Would it require higher taxes? |
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As proposed, the NIF would be funded through assessments on the financial institutions that report data to the NIF. Reporting institutions would realize efficiencies from the use of centrally maintained and universally accepted data standards. As proposed, the NIF would not increase the burdens on U.S. taxpayers, nor increase the federal deficit.
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