US S1100

Bill

A bill to institute a program for the disclosure of taxpayer information for third-party income verification through the Internet.

Introduced
04/09/2019

In Committee
04/09/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A bill to institute a program for the disclosure of taxpayer information for third-party income verification through the Internet. This bill requires the Internal Revenue Service (IRS) to implement a program to ensure that certain disclosures of tax returns or return information for third-party income verification are (1) fully automated and accomplished through the Internet, and (2) accomplished in as close to real-time as is practicable. The requirement applies to IRS disclosures of returns or return information to a person verifying the income or creditworthiness of a taxpayer who is a borrower in the process of a loan application. In implementing the program, the IRS must (1) ensure that the program complies with applicable security standards and guidelines; and (2) assess and collect a fee for the disclosures at rates that are sufficient to cover the costs related to implementing the program, including the costs of necessary infrastructure or technology.

AI Summary

This bill requires the Internal Revenue Service (IRS) to implement a program to ensure that certain disclosures of tax returns or return information for third-party income verification are fully automated and accomplished through the Internet, and done in as close to real-time as is practicable. The requirement applies to IRS disclosures of returns or return information to a person verifying the income or creditworthiness of a taxpayer who is a borrower in the process of a loan application. The IRS must ensure the program complies with applicable security standards and guidelines, and assess and collect a fee for the disclosures at rates sufficient to cover the costs related to implementing the program, including the costs of necessary infrastructure or technology.

Committee Categories

Budget and Finance

Sponsors (3)

Cory Booker (D)*, Mike Crapo (R), Tim Scott (R),

Last Action

Read twice and referred to the Committee on Finance. (on 04/09/2019)

Official Document

https://www.congress.gov/bill/116th-congress/senate-bill/1100/all-info

(5 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/116th-congress/senate-bill/1100/all-info
BillText	https://www.congress.gov/116/bills/s1100/BILLS-116s1100is.pdf
Bill	https://www.congress.gov/116/bills/s1100/BILLS-116s1100is.pdf.pdf

Bill	Bill Name	Last Action	Type
HR1957	Taxpayer First Act of 2019	Became Public Law No: 116-152. (TXT \| PDF)	Related
HR2007	To require the Secretary of the Treasury to establish a program for the automated disclosure of taxpayer information for third-party income verification, and for other purposes.	Referred to the House Committee on Ways and Means.	Same As
HR3151	Taxpayer First Act	Became Public Law No: 116-25. (TXT \| PDF)	Related
HRes1053	Providing for consideration of the bill (H.B. 6395) to authorize appropriations for fiscal year 2021 for military activities of the Department of Defense and for military construction, to prescribe military personnel strengths for such fiscal year, and for other purposes; providing for consideration of the bill (H.B. 7027) making additional supplemental appropriations for disaster relief requirements for the fiscal year ending September 30, 2020, and for other purposes; providing for considerati	Motion to reconsider laid on the table Agreed to without objection.	Similar To
S928	Taxpayer First Act of 2019	Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2091)	Related

Bill > S1100

US S1100

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary