S 26 115th Congress Senate Government Operations and Politics Elections, voting, political campaign regulation Government ethics and transparency, public corruption Government information and archives Presidents and presidential powers, Vice Presidents Tax administration and collection, taxpayers

Presidential Tax Transparency Act

Introduced: January 4, 2017 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 4, 2017

Read twice and referred to the Committee on Rules and Administration.

Jan 4, 2017

Introduced in Senate

Plain-English summary Congressional Research Service

Presidential Tax Transparency Act

This bill amends the Ethics in Government Act of 1978 to require the President and certain candidates for President to disclose federal income tax returns for the three most recent taxable years in reports filed with either the Office of Government Ethics (OGE) or the Federal Election Commission (FEC), in the case of a candidate.

The OGE or the FEC must make the disclosed tax returns publicly available after making appropriate redactions. If the income tax returns are not disclosed as required by this bill, the OGE or the FEC must request the returns from the Internal Revenue Service (IRS).

The bill amends the Internal Revenue Code to require the IRS, upon receiving a written request from the FEC or the OGE, to provide any income tax return that is required to be disclosed under this bill.

The bill also establishes civil and criminal penalties for failing to file or falsifying income tax returns that are required to be disclosed pursuant to this bill.

What's happening now January 4, 2017

Read twice and referred to the Committee on Rules and Administration.

Committees of jurisdiction 1