A group of 21 House Democrats on Wednesday urged House Speaker Nancy Pelosi (D-Calif.) to remove a controversial IRS bank reporting provision from the reconciliation bill. The measure, which has already been pared back once, would require banks to hand over data to the Internal Revenue Service for all accounts with annual outflows totaling more than $10,000. “While the intent of this proposal is to ensure all taxpayers meet their obligations—a goal we strongly share—the data that would be turned over to the IRS is overly broad and raises significant privacy concerns,” the Democrats, including Rep. Jose Luis Correa (D-Calif.) and Rep. Cynthia Axne (D-Iowa), wrote in a letter (pdf) to Pelosi and House Ways and Means Committee Chairman Richard Neal (D-Mass.) “We have little information about how the IRS plans to protect or use this massive trove of data. Americans expect their bank or credit union to safeguard their financial …