Democrats Abroad Canada held its annual general meeting on March 25th in Toronto and issued the minutes of the event a couple of days ago. Of special interest was this brief update:
Joe Green, who chairs the FBAR/FATCA (Foreign Bank Account Report/Foreign Account Tax Compliance Act) task force reported that they are in ongoing discussions with members of Congress and federal agencies. They hope to have some progress to report in the next several months.
I’m going to go out on a limb here and guess that “several months” means sometime after November 6, 2012.