House Speaker John BoehnerJohn Andrew BoehnerCancun fallout threatens to deal lasting damage to Cruz Jim Jordan: Rising power on the right? Former HHS secretary Sebelius joins marijuana industry group MORE (R-Ohio) said Sunday supported legislation to punish individuals who renounced their citizenship in order to avoid paying U.S. taxes, but said such measures were already law.

"There's already a law in the books," BoehnerJohn Andrew BoehnerCancun fallout threatens to deal lasting damage to Cruz Jim Jordan: Rising power on the right? Former HHS secretary Sebelius joins marijuana industry group MORE told ABC's George Stephanopoulos in an interview on ABC's "This Week." "It's already against the law."

Democratic Sens. Charles SchumerChuck SchumerCongress holds candlelight vigil for American lives lost to COVID-19 The Hill's 12:30 Report - Presented by Facebook - Lawmakers investigate Jan. 6 security failures Senate confirms Thomas-Greenfield as UN ambassador MORE (N.Y.) and Bob CaseyRobert (Bob) Patrick CaseyDemocrats blast Trump team videos: 'False equivalency'  Centrist Democrats pose major problem for progressives What I learned in 19 weeks of working with progressive Democrats MORE Jr. (Pa.) announced legislation last week designed to punish people who renounce their citizenship in order to dodge taxes. 

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Their bill, the Ex-Patriot Act, is a direct response to Eduardo Saverin, the co-founder of Facebook, who renounced his U.S. citizenship last year, and the senators had harsh words for what they called Saverin's "scheme" to avoid paying taxes on his interest in the company, which went public last week. 

Saverin's move saved him an estimated $67 million to $100 million in taxes. The wealthy technology investor however has said his change in citizenship was not an effort to avoid American taxes.

Boehner on Sunday said it is "absolutely outrageous" for anyone to renounce their citizenship in order to avoid taxes.

The Casey and Schumer legislation would punish any individual who renounces their citizenship and holds a net worth of $2 million or an average income tax liability of $148,000 over the last five years.

If the Internal Revenue Service determines that person gave up their passport for primarily tax reasons, the person's U.S. assets would be taxed at 30 percent and they would be barred from ever re-entering the United States.

Sen. Orrin HatchOrrin Grant HatchHow President Biden can hit a home run Mellman: What happened after Ginsburg? Bottom line MORE (R-Utah), the ranking member of the Senate Finance Committee, said his Democratic colleagues were overlooking the "root cause" of Saverin's actions. A spokesperson from his office released a statement last week saying that wealthy expatriates seeking to renounce their American citizenship is a sign that the tax code needs to be fixed.