With just hours to go before most of the United States was due to close down for the Christmas holiday, Congressman George Holding today at last delivered a long-anticipated bill aimed at addressing the enormous problems many Americans living abroad have been having that are a result, most agree, of the fact that they are taxed on the basis of their citizenship rather than jurisdiction of residence.

Spokespeople for a number of organizations representing American expats have expressed concern that legislation unveiled earlier this week by House Ways and Means Committee chairman Kevin Brady fails to address certain aspects of President Trump's Tax Cuts and Jobs Act (TCJA) of last December that have been particularly harsh for many U.S. expats.

Delegates attending a standing-room-only tax and finance seminar for American expats on Monday would not have expected to hear that they could relax and not worry much about the state of their finances when they arrived at Smith & Wollensky’s London outpost off the Strand, where the seminar was held.