I know many expats that have exactly the experiences you mention. My question: how can it be changed? It seems to hurt American competitiveness (i read a legal

I know many expats that have exactly the experiences you mention. My question: how can it be changed? It seems to hurt American competitiveness (i read a legal analysis by a US law school which seemed to support this) by putting Americans at such a disadvantage to citizens of other countries living abroad. Anecdotally, when I lived abroad, there were easily 10x the number of Brits or Aussies or Canadians to every American. Also, there was a report that the revenue generated by FATCA was outweighed 100:1 by the worldwide banking industry’s compliance costs. So how does it get changed? Why does everyone act like it is a forgone conclusion that it will never change? The law was meant to tackle wealthy American residents hiding money offshore, not normal people living offshore for whom banking services are “local” to them.