HR 1200
117th Congress
House
Taxation
Accounting and auditing
Administrative remedies
Appropriations
Bank accounts, deposits, capital
Business records
Congressional oversight
Debt collection
Department of the Treasury
Executive agency funding and structure
Fraud offenses and financial crimes
Government information and archives
Income tax rates
Internal Revenue Service (IRS)
Performance measurement
Tax administration and collection, taxpayers
Wages and earnings
Stop CHEATERS Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 22, 2021
Referred to the House Committee on Ways and Means.
Feb 22, 2021
Introduced in House
Plain-English summary
Stop Corporations and High Earners from Avoiding Taxes and Enforce the Rules Strictly Act or the Stop CHEATERS Act
This bill provides additional appropriations through FY2031 for the enforcement activities of the Internal Revenue Service and to increase audits yearly until 2025 to reach specified targets. It also provides additional appropriations for taxpayer services and operations support.
The bill establishes new reporting requirements for certain banks or other financial institutions and increases enforcement penalties for accuracy-related underpayments of tax up to a maximum of 40% of the underpayment for taxpayers with a taxable income greater than $5 million.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1