US S26

Bill

US S26

Presidential Tax Transparency Act

Introduced
01/04/2017

In Committee
01/04/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Presidential Tax Transparency Act This bill amends the Ethics in Government Act of 1978 to require 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 amends the Internal Revenue Code to require 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.

AI Summary

This bill, the Presidential Tax Transparency Act, amends the Ethics in Government Act of 1978 to require the President and certain presidential candidates to disclose their federal income tax returns for the three most recent tax years. The bill authorizes the Office of Government Ethics or the Federal Election Commission to request the tax returns from the IRS if they are not disclosed as required. The disclosed tax returns will be made publicly available, with redactions as appropriate. The bill also establishes civil and criminal penalties for failing to file or falsifying the required income tax returns.

Committee Categories

Government Affairs

Sponsors (24)

Ron Wyden (D)*, Tammy Baldwin (D), Michael Bennet (D), Cory Booker (D), Maria Cantwell (D), Ben Cardin (D), Tom Carper (D), Chris Coons (D), Dianne Feinstein (D), Al Franken (D), Kirsten Gillibrand (D), Kamala Harris (D), Tim Kaine (D), Patrick Leahy (D), Ed Markey (D), Bob Menendez (D), Jeff Merkley (D), Chris Murphy (D), Jeanne Shaheen (D), Debbie Stabenow (D), Tom Udall (D), Chris Van Hollen (D), Elizabeth Warren (D), Sheldon Whitehouse (D),

Last Action

Read twice and referred to the Committee on Rules and Administration. (on 01/04/2017)

Official Document

https://www.congress.gov/bill/115th-congress/senate-bill/26/all-info

(6 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/115th-congress/senate-bill/26/all-info
BillText	https://www.congress.gov/115/bills/s26/BILLS-115s26is.pdf
Bill	https://www.congress.gov/115/bills/s26/BILLS-115s26is.pdf.pdf

Bill	Bill Name	Last Action	Type
HR305	Presidential Tax Transparency Act	Motion to Discharge Committee filed by Ms. Eshoo. Petition No: 115-1. (Discharge petition text with signatures.)	Same As
HR371	Presidential Conflicts of Interest Act of 2017	Referred to the Subcommittee on the Constitution and Civil Justice.	Related
HR7167	Restoring the Public Trust Act	Referred to the Committee on Oversight and Government Reform, and in addition to the Committees on the Judiciary, and Ways and Means, 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.	Related
S1880	We the People Democracy Reform Act of 2017	Read twice and referred to the Committee on Finance.	Related
S3357	Anti-Corruption and Public Integrity Act	Read twice and referred to the Committee on Finance.	Related
S65	Presidential Conflicts of Interest Act of 2017	Read twice and referred to the Committee on Homeland Security and Governmental Affairs.	Related

Bill > S26

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (24)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary