Ask AI
S. 20

Presidential Tax Transparency Act

Presidential Tax Transparency Act

This bill requires 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 requires 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.

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

Sen. Wyden, Ron [D-OR](D-OR)Sponsor
22 cosponsors22 D
22cosponsors1committees2actions3related bills5subjects
  1. IntroReferral

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

    Rules and Administration Committee
  2. IntroReferral10000

    Introduced in Senate

Presidential Tax Transparency Act — Informed