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US HR908

US HR908
Presidential Tax Transparency Act


summary

Introduced
02/09/2023
In Committee
02/09/2023
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To amend the Internal Revenue Code of 1986 to require the disclosure of tax returns of Presidents and Vice Presidents and certain candidates for President and Vice President, and for other purposes.

AI Summary

This bill, the Presidential Tax Transparency Act, would require presidential and vice presidential candidates, as well as sitting presidents and vice presidents, to disclose their federal income tax returns. Specifically, it would mandate that candidates submit their last 10 years of returns within 15 days of becoming a "covered candidate" (a major party candidate in a general election). Sitting presidents and vice presidents would have to submit their current year's return and the prior 9 years' returns by the due date each year. The Federal Election Commission would make these tax returns publicly available, with sensitive information redacted to protect against identity theft. The bill amends the Internal Revenue Code to allow the Secretary of the Treasury to provide these tax returns to the Federal Election Commission upon request.

Committee Categories

Budget and Finance

Sponsors (40)

Anna Eshoo (D)* Nanette Barragán (D),  Don Beyer (D),  Earl Blumenauer (D),  Suzanne Bonamici (D),  Julia Brownley (D),  Salud Carbajal (D),  André Carson (D),  Yvette Clarke (D),  Steve Cohen (D),  Joe Courtney (D),  Danny Davis (D),  Suzan DelBene (D),  Dwight Evans (D),  Bill Foster (D),  Ruben Gallego (D),  John Garamendi (D),  Raúl Grijalva (D),  Hank Johnson (D),  Bill Keating (D),  Ro Khanna (D),  Dan Kildee (D),  Doris Matsui (D),  Jim McGovern (D),  Gwen Moore (D),  Eleanor Holmes Norton (D),  Jimmy Panetta (D),  Bill Pascrell (D),  Donald Payne (D),  Mark Pocan (D),  Katie Porter (D),  Mike Quigley (D),  Jamie Raskin (D),  Jan Schakowsky (D),  Adam Schiff (D),  Darren Soto (D),  Eric Swalwell (D),  Dina Titus (D),  Bonnie Watson Coleman (D),  Nikema Williams (D), 

Last Action

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. (on 02/09/2023)

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