H.R. 347

Referred to Committee

Presidential Tax Transparency Act

Introduced 1/19/2021•117th Congress•House

Latest 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.

1/19/2021 • House

Summary

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.

Introduced in House • 1/19/2021

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Topics & Subjects

Policy Area: Taxation

Elections, voting, political campaign regulationGovernment ethics and transparency, public corruptionGovernment information and archivesPresidents and presidential powers, Vice PresidentsTax administration and collection, taxpayers