A federal appeals court has declined to revive a lawsuit by U.S. Senator Rand Paul challenging the constitutionality of a federal banking law aimed at curbing tax evasion by U.S. citizens with money in foreign accounts.
In a decision on Friday, a three-judge panel of the 6th U.S. Circuit Court of Appeals said Paul and six other plaintiffs do not have standing because they did not show that the law directly injured them.
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