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SENATE 26115th CongressRead twice and referred to the Committee on Health, Education, Labor, and Pensions.

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to teacher preparation issues.

Last Action
3/2/2017

Actions

  • 2017-01-04Read twice and referred to the Committee on Rules and Administration.
  • 2017-01-04Introduced in Senate

CRS Summary

As of 2017-01-04 (00)

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.

Cosponsors (20)

  • Tammy Baldwin (D-WI)
  • Michael Bennet (D-CO)
  • Ben Cardin (D-MD)
  • Dianne Feinstein (D-CA)
  • Timothy Kaine (D-VA)
  • Jeff Merkley (D-OR)
  • Christopher Murphy (D-CT)
  • Debbie Stabenow (D-MI)
  • TOM UDALL (D-NM)
  • Elizabeth Warren (D-MA)
  • Al Franken (D-MN)
  • Edward Markey (D-MA)
  • Kirsten Gillibrand (D-NY)
  • Sheldon Whitehouse (D-RI)
  • Thomas Carper (D-DE)
  • Patrick Leahy (D-VT)
  • Robert Menendez (D-NJ)
  • Maria Cantwell (D-WA)
  • Christopher Coons (D-DE)
  • Chris Van Hollen (D-MD)

Subjects

  • Elections, voting, political campaign regulation
  • Government ethics and transparency, public corruption
  • Government information and archives
  • Presidents and presidential powers, Vice Presidents
  • Tax administration and collection, taxpayers
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.