Today the Senate Finance Committee approved a bill that would require the IRS to increase security measures to combat identity theft and refund fraud.  However, in a 14-12 roll call vote, committee members rejected an amendment to the bill introduced by Senator Ron Wyden (D-OR) that would have imposed minimum standards of competence on paid tax return preparers, removed the IRS from the regulatory process, and placed the regulatory authority under Treasury’s Office of Professional Responsibility.