HR 347 117th Congress House Taxation 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 19, 2021 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 19, 2021

Referred to the Committee on Ways and Means, and in addition to the Committee on House Administration, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Jan 19, 2021

Introduced in House

Plain-English summary Congressional Research Service

Presidential Tax Transparency Act

This bill requires the President, the Vice President, and certain candidates for President and Vice President to disclose federal income tax returns for the ten most recent taxable years.

The returns must be disclosed to the Federal Election Commission (FEC), which must make the returns publicly available after redacting information that is necessary for protecting against identity theft, such as Social Security numbers.

If the tax returns are not disclosed to the FEC as required by this bill, the Internal Revenue Service must provide the returns to the FEC upon receiving a written request from the FEC.

What's happening now January 19, 2021

Committees of jurisdiction 2