Us Congress 2025-2026 Regular Session

Us Congress Senate Bill SB588 Compare Versions

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Old	New	Differences
1	1	II
2	2	119THCONGRESS
3	3	1
4	4	STSESSION S. 588
5	5	To amend the Internal Revenue Code of 1986 to provide for examination
6	6	and disclosure with respect to Presidential income tax returns, to amend
7	7	chapter 131 of title 5, United States Code, to require the disclosure
8	8	of certain tax returns by Presidents and certain candidates for the
9	9	office of the President, and for other purposes.
10	10	IN THE SENATE OF THE UNITED STATES
11	11	FEBRUARY13, 2025
12	12	Mr. W
13	13	YDEN(for himself, Ms. KLOBUCHAR, Mr. KAINE, Ms. WARREN, Mr.
14	14	M
15	15	ERKLEY, Mr. WHITEHOUSE, Mr. SANDERS, Ms. CANTWELL, and Mr.
16	16	V
17	17	ANHOLLEN) introduced the following bill; which was read twice and re-
18	18	ferred to the Committee on Finance
19	19	A BILL
20	20	To amend the Internal Revenue Code of 1986 to provide
21	21	for examination and disclosure with respect to Presi-
22	22	dential income tax returns, to amend chapter 131 of
23	23	title 5, United States Code, to require the disclosure
24	24	of certain tax returns by Presidents and certain can-
25	25	didates for the office of the President, and for other
26	26	purposes.
27	27	Be it enacted by the Senate and House of Representa-1
28	28	tives of the United States of America in Congress assembled, 2
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32	32	SECTION 1. SHORT TITLE. 1
33	33	This Act may be cited as the ‘‘Presidential Audit and 2
34	34	Tax Transparency Act’’. 3
35	35	SEC. 2. EXAMINATION AND DISCLOSURE WITH RESPECT TO 4
36	36	PRESIDENTIAL INCOME TAX RETURNS. 5
37	37	(a) A
38	38	UDIT.—Subchapter A of chapter 78 of the Inter-6
39	39	nal Revenue Code of 1986 is amended by redesignating 7
40	40	section 7613 as section 7614 and by inserting after section 8
41	41	7612 the following new section: 9
42	42	‘‘SEC. 7613. EXAMINATION WITH RESPECT TO PRESI-10
43	43	DENTIAL INCOME TAX RETURNS. 11
44	44	‘‘(a) I
45	45	NGENERAL.—As rapidly as practicable after 12
46	46	the filing of any Presidential income tax return, the Sec-13
47	47	retary shall conduct an examination to ascertain the cor-14
48	48	rectness of such return and enforce the requirements of 15
49	49	this title with respect to the taxable year covered by such 16
50	50	return. 17
51	51	‘‘(b) R
52	52	EPORTS.— 18
53	53	‘‘(1) I
54	54	NITIAL REPORT.—Not later than 90 days 19
55	55	after the filing of a Presidential income tax return, 20
56	56	the Secretary shall disclose and make publicly avail-21
57	57	able an initial report regarding the examination with 22
58	58	respect to such return. Such report shall include— 23
59	59	‘‘(A) the name of the taxpayer, 24
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63	63	‘‘(B) an identification of the subparagraph 1
64	64	of subsection (c)(1) which describes such re-2
65	65	turn, 3
66	66	‘‘(C) the date that such return was filed, 4
67	67	and 5
68	68	‘‘(D) the date on which the examination 6
69	69	with respect to such return commenced (or, if 7
70	70	such examination has not commenced as of the 8
71	71	date of such report, a detailed description of the 9
72	72	reasons that such examination has not com-10
73	73	menced). 11
74	74	‘‘(2) P
75	75	ERIODIC REPORTS.—Not later than 180 12
76	76	days after the disclosure of the report described in 13
77	77	paragraph (1) with respect to any Presidential in-14
78	78	come tax return and not later than 180 days after 15
79	79	the most recent disclosure of a report described in 16
80	80	this paragraph with respect to such return, the Sec-17
81	81	retary shall disclose and make publicly available a 18
82	82	periodic report regarding the examination with re-19
83	83	spect to such return. Such report shall include— 20
84	84	‘‘(A) the information described in subpara-21
85	85	graphs (A) through (D) of paragraph (1), 22
86	86	‘‘(B) a description of the status of the ex-23
87	87	amination, including a description of the por-24
88	88	tions of the examination which have been com-25
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92	92	pleted, which are in process, and which are an-1
93	93	ticipated to take place, and 2
94	94	‘‘(C) an estimate of the time frame for the 3
95	95	completion of the examination, including an 4
96	96	identification of factors which could alter such 5
97	97	time frame, reasonable estimates of the likeli-6
98	98	hood of such factors (taking into account the 7
99	99	specific facts and circumstances of the examina-8
100	100	tion), and the likely specific effects of such fac-9
101	101	tors on such time frame. 10
102	102	Notwithstanding the preceding sentence, a periodic 11
103	103	report shall not be required under this paragraph 12
104	104	with respect to any return after the date on which 13
105	105	a final report is disclosed under paragraph (3) with 14
106	106	respect to such return. 15
107	107	‘‘(3) F
108	108	INAL REPORT.—Not later than 90 days 16
109	109	after the completion of the examination described in 17
110	110	subsection (a) with respect to any Presidential in-18
111	111	come tax return, the Secretary shall disclose and 19
112	112	make publicly available a final report regarding such 20
113	113	examination. Such report shall include— 21
114	114	‘‘(A) the information described in subpara-22
115	115	graphs (A) through (C) of paragraph (1), 23
116	116	‘‘(B) the date on which the examination 24
117	117	with respect to such return was completed, 25
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121	121	‘‘(C) a list of the audit materials (as de-1
122	122	fined in section 6103(q)(2)) with respect to 2
123	123	such examination, and 3
124	124	‘‘(D) a description (including the amount) 4
125	125	of each proposed adjustment, adjustment, and 5
126	126	controversy with respect to such examination 6
127	127	together with a description of how such pro-7
128	128	posed adjustment or controversy was resolved 8
129	129	(or a statement that such proposed adjustment 9
130	130	or controversy was not resolved, as the case 10
131	131	may be). 11
132	132	For purposes of this paragraph, an examination 12
133	133	shall be treated as complete on the date that the 13
134	134	Secretary provides the taxpayer with a notice of defi-14
135	135	ciency, or any closing document referred to in sec-15
136	136	tion 6103(q)(2)(A)(v), with respect to such examina-16
137	137	tion. 17
138	138	‘‘(4) E
139	139	XTENSION OF DUE DATE REPORT .—If a 18
140	140	request is made for an extension of the due date for 19
141	141	filing any Presidential income tax return, the Sec-20
142	142	retary shall, not later than 90 days after such re-21
143	143	quest is granted or denied, disclose and make pub-22
144	144	licly available an extension of due date report with 23
145	145	respect to return. Such report shall include— 24
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149	149	‘‘(A) the information described in subpara-1
150	150	graphs (A) and (B) of paragraph (1), 2
151	151	‘‘(B) a statement that an extension of the 3
152	152	due date for the filing of such return has been 4
153	153	requested, 5
154	154	‘‘(C) the date that such request was re-6
155	155	ceived, 7
156	156	‘‘(D) a statement of whether such request 8
157	157	has been granted or denied, and 9
158	158	‘‘(E) the due date of such return (includ-10
159	159	ing any extensions). 11
160	160	‘‘(5) T
161	161	REATMENT OF FAILURE TO FILE .—In 12
162	162	the case of a failure to file a Presidential income tax 13
163	163	return before the close of the 60-day period begin-14
164	164	ning with the date prescribed for filing of such re-15
165	165	turn— 16
166	166	‘‘(A) the Secretary shall conduct the exam-17
167	167	ination described in subsection (a) with respect 18
168	168	to the taxable year covered by the return to 19
169	169	which such failure relates, 20
170	170	‘‘(B) reports made pursuant to this para-21
171	171	graph shall include a statement that such re-22
172	172	port is with respect to a return which the tax-23
173	173	payer failed to file, and 24
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177	177	‘‘(C) this section and section 6103(q) shall 1
178	178	otherwise apply to such failure in the same 2
179	179	manner as if a return were filed at the close of 3
180	180	such period. 4
181	181	The application of this paragraph with respect to 5
182	182	any failure to file a Presidential income tax return 6
183	183	shall not prevent the application of this section with 7
184	184	respect to such return at such time as such return 8
185	185	may be filed. 9
186	186	‘‘(6) P
187	187	UBLIC AVAILABILITY.—For purposes of 10
188	188	this subsection, a document shall not be treated as 11
189	189	having been made publicly available unless made 12
190	190	available on the Internet. 13
191	191	‘‘(c) P
192	192	RESIDENTIALINCOMETAXRETURN.—For 14
193	193	purposes of this section— 15
194	194	‘‘(1) I
195	195	N GENERAL.—The term ‘Presidential in-16
196	196	come tax return’ means any relevant income tax re-17
197	197	turn of— 18
198	198	‘‘(A) a President, 19
199	199	‘‘(B) an individual who is married (within 20
200	200	the meaning of section 7703(a)) to a President 21
201	201	for the taxable year to which such return re-22
202	202	lates, 23
203	203	‘‘(C) any corporation or partnership which 24
204	204	is controlled by any individual described in sub-25
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208	208	paragraph (A) or (B) at any time during the 1
209	209	taxable year to which such return relates, 2
210	210	‘‘(D) the estate of any person described in 3
211	211	(A) or (B) or any estate with respect to which 4
212	212	any person described in subparagraph (A), (B), 5
213	213	or (C) is an executor or beneficiary at any time 6
214	214	during the taxable year to which such return 7
215	215	relates, and 8
216	216	‘‘(E) any trust with respect to which any 9
217	217	person described in subparagraph (A), (B), (C), 10
218	218	or (D) is a grantor, fiduciary, or beneficiary, or 11
219	219	for which another trust described in this sub-12
220	220	paragraph is a grantor or beneficiary, at any 13
221	221	time during the taxable year to which such re-14
222	222	turn relates. 15
223	223	Such term shall include any schedule, attachment, or 16
224	224	other document filed with such return. 17
225	225	‘‘(2) R
226	226	ELEVANT INCOME TAX RETURN .—The 18
227	227	term ‘relevant income tax return’ means, with re-19
228	228	spect to a President, any income tax return if— 20
229	229	‘‘(A) any portion of the taxable year to 21
230	230	which such return relates is during the period 22
231	231	that such President is the President, 23
232	232	‘‘(B) the due date for such return (includ-24
233	233	ing any extensions) is during such period, or 25
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237	237	‘‘(C) such return is filed during such pe-1
238	238	riod. 2
239	239	‘‘(3) C
240	240	ONTROL.—For purposes of paragraph 3
241	241	(1)(C)— 4
242	242	‘‘(A) I
243	243	N GENERAL.—Except as otherwise 5
244	244	provided in this paragraph, control shall be de-6
245	245	termined under the rules of paragraphs (2) and 7
246	246	(3) of section 6038(e) (determined without re-8
247	247	gard to subparagraphs (A) and (B) of such 9
248	248	paragraph (2) and without regard to subpara-10
249	249	graph (C) of paragraph (3) thereof). 11
250	250	‘‘(B) R
251	251	ESTRICTION ON FAMILY ATTRIBU -12
252	252	TION.— 13
253	253	‘‘(i) I
254	254	N GENERAL.—Except as pro-14
255	255	vided in clause (ii), for purposes of apply-15
256	256	ing subparagraph (A)— 16
257	257	‘‘(I) section 318 shall be applied 17
258	258	without regard to subsection 18
259	259	(a)(1)(A)(ii) thereof, and 19
260	260	‘‘(II) section 267(c) shall be ap-20
261	261	plied by treating the family of an indi-21
262	262	vidual as including only such individ-22
263	263	ual’s spouse (in lieu of the application 23
264	264	of paragraph (4) thereof). 24
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268	268	‘‘(ii) EXCEPTION FOR RECENT TRANS -1
269	269	FER TO FAMILY MEMBERS .—For purposes 2
270	270	of determining whether any corporation or 3
271	271	partnership is controlled by a President 4
272	272	under paragraph (1)(C) for any taxable 5
273	273	year, clause (i) shall not apply if such cor-6
274	274	poration or partnership was controlled by 7
275	275	such President (after application of clause 8
276	276	(i)) at any time during the 4 immediately 9
277	277	preceding taxable years. 10
278	278	‘‘(d) A
279	279	PPLICATION TO AMENDEDRETURNS.—For 11
280	280	purposes of this section and section 6103(q), any amend-12
281	281	ment or supplement to a return of tax shall be treated 13
282	282	as a separate return of tax and the determination of when 14
283	283	such amendment or supplement is filed, and whether such 15
284	284	amendment or supplement is a relevant income tax return, 16
285	285	shall be made without regard to the underlying return.’’. 17
286	286	(b) D
287	287	ISCLOSURE.—Section 6103 of such Code is 18
288	288	amended by redesignating subsection (q) as subsection (r) 19
289	289	and by inserting after subsection (p) the following new 20
290	290	subsection: 21
291	291	‘‘(q) D
292	292	ISCLOSUREWITHRESPECT TOPRESIDENTIAL 22
293	293	I
294	294	NCOMETAXRETURNS.— 23
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298	298	‘‘(1) IN GENERAL.—The Secretary shall dis-1
299	299	close and make publicly available (within the mean-2
300	300	ing of section 7613(b))— 3
301	301	‘‘(A) each Presidential income tax return 4
302	302	(as defined in section 7613(c)), 5
303	303	‘‘(B) each report described in section 6
304	304	7613(b), and 7
305	305	‘‘(C) any audit materials with respect a re-8
306	306	turn described in subparagraph (A). 9
307	307	‘‘(2) A
308	308	UDIT MATERIALS.—The term ‘audit ma-10
309	309	terials’ means, with respect to any return: 11
310	310	‘‘(A) Any of the following which are pro-12
311	311	vided by the Secretary to the taxpayer (or any 13
312	312	designee of the taxpayer): 14
313	313	‘‘(i) Any written communication which 15
314	314	identifies such return as being subject to 16
315	315	examination. 17
316	316	‘‘(ii) Any written communication 18
317	317	which proposes the adjustment of any item 19
318	318	on such return, any report by an examiner 20
319	319	related to such proposed adjustment, and 21
320	320	any supervisory approval of any penalty 22
321	321	proposed as part of such adjustment. 23
322	322	‘‘(iii) Any memorandum or report of 24
323	323	the Internal Revenue Service Independent 25
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327	327	Office of Appeals with respect to such re-1
328	328	turn, and any denial of any request de-2
329	329	scribed in subparagraph (B). 3
330	330	‘‘(iv) Any notice of deficiency with re-4
331	331	spect to such return. 5
332	332	‘‘(v) Any closing documents with re-6
333	333	spect to the examination of such return, 7
334	334	including any closing agreement or no 8
335	335	change letter. 9
336	336	‘‘(B) Any request for referral to the Inter-10
337	337	nal Revenue Service Independent Office of Ap-11
338	338	peals of any controversy with respect to such 12
339	339	return. 13
340	340	‘‘(C) Any petition filed with the Tax Court 14
341	341	for a redetermination of any deficiency referred 15
342	342	to in subparagraph (A)(iv). 16
343	343	‘‘(3) E
344	344	XCEPTION FOR CERTAIN IDENTITY IN -17
345	345	FORMATION.—The information disclosed and made 18
346	346	publicly available under paragraph (1) shall not in-19
347	347	clude any identification number of any person (in-20
348	348	cluding any social security number), any financial 21
349	349	account number, the name of any individual who has 22
350	350	not attained age 18 (as of the close of the taxable 23
351	351	year to which the return relates), the name of any 24
352	352	employee of the Department of the Treasury, or any 25
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356	356	address (other than the city and State in which such 1
357	357	address is located). 2
358	358	‘‘(4) T
359	359	IMING OF DISCLOSURES .—Any informa-3
360	360	tion required to be disclosed under paragraph (1) 4
361	361	shall be disclosed and made publicly available not 5
362	362	later than— 6
363	363	‘‘(A) in the case of any income tax return 7
364	364	referred to in paragraph (1)(A), 90 days after 8
365	365	the date that such return is filed, 9
366	366	‘‘(B) in the case of any report referred to 10
367	367	in paragraph (1)(B), the deadline specified in 11
368	368	section 7613(b) for disclosing such report, and 12
369	369	‘‘(C) in the case of the audit materials re-13
370	370	ferred to in paragraph (1)(C), 90 days after the 14
371	371	completion of the examination (within the 15
372	372	meaning of section 7613(b)(3)) with respect to 16
373	373	the return to which such audit materials re-17
374	374	late.’’. 18
375	375	(c) C
376	376	LERICALAMENDMENT.—Subchapter A of chap-19
377	377	ter 78 of such Code is amended by redesignating the item 20
378	378	relating to section 7613 as an item relating to section 21
379	379	7614 and by inserting after the item relating to section 22
380	380	7612 the following new item: 23
381	381	‘‘Sec. 7613. Examination with respect to Presidential income tax returns.’’.
382	382	(d) EFFECTIVEDATE.—The amendments made by 24
383	383	this subsection shall apply to returns, amendments, and 25
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387	387	supplements filed (and failures to file returns which occur) 1
388	388	after the date of the enactment of this Act (and to reports 2
389	389	and audit materials with respect to such returns, amend-3
390	390	ments, supplements, and failures). 4
391	391	SEC. 3. ADDITIONAL DISCLOSURE OF TAX RETURNS BY 5
392	392	PRESIDENTS AND CERTAIN PRESIDENTIAL 6
393	393	CANDIDATES. 7
394	394	(a) I
395	395	NGENERAL.— 8
396	396	(1) D
397	397	ISCLOSURE REQUIREMENT .—Chapter 131 9
398	398	of title 5, United States Code, is amended— 10
399	399	(A) by inserting after section 13104 the 11
400	400	following: 12
401	401	‘‘SEC. 13104A. DISCLOSURE OF TAX RETURNS. 13
402	402	‘‘(a) D
403	403	EFINITIONS.—In this section: 14
404	404	‘‘(1) A
405	405	PPLICABLE INCOME TAX RETURN .— 15
406	406	‘‘(A) I
407	407	N GENERAL.—The term ‘applicable 16
408	408	income tax return’ means, with respect to any 17
409	409	taxable year, any return (within the meaning of 18
410	410	section 6103(b) of the Internal Revenue Code 19
411	411	of 1986) relating to Federal income taxes of— 20
412	412	‘‘(i) a covered candidate or covered in-21
413	413	dividual; 22
414	414	‘‘(ii) an individual who is married 23
415	415	(within the meaning of section 7703(a) of 24
416	416	the Internal Revenue Code of 1986) to a 25
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420	420	covered candidate or covered individual for 1
421	421	the taxable year; 2
422	422	‘‘(iii) any corporation or partnership 3
423	423	that was controlled (as determined under 4
424	424	section 7613(c)(3) of the Internal Revenue 5
425	425	Code of 1986) by an individual described 6
426	426	in clause (i) or (ii) at any time during the 7
427	427	taxable year; 8
428	428	‘‘(iv) the estate of any person de-9
429	429	scribed in clause (i) or (ii) or any estate 10
430	430	with respect to which any person described 11
431	431	in clause (i), (ii), or (iii) is an executor or 12
432	432	beneficiary at any time during the taxable 13
433	433	year; and 14
434	434	‘‘(v) any trust with respect to which 15
435	435	any person described in clause (i), (ii), 16
436	436	(iii), or (iv) is a grantor, fiduciary, or ben-17
437	437	eficiary, or for which another trust de-18
438	438	scribed in this clause is a grantor or bene-19
439	439	ficiary, at any time during the taxable 20
440	440	year. 21
441	441	‘‘(B) I
442	442	NCLUSION OF CERTAIN DOCU -22
443	443	MENTS.—Such term shall include any schedule, 23
444	444	attachment, or other document filed with such 24
445	445	return. 25
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449	449	‘‘(2) COVERED CANDIDATE .—The term ‘covered 1
450	450	candidate’ means an individual— 2
451	451	‘‘(A) required to file a report under section 3
452	452	13103(c); and 4
453	453	‘‘(B) who is nominated by a major party 5
454	454	as a candidate for the office of President, re-6
455	455	gardless of whether the individual is nominated 7
456	456	after May 15 of an applicable year. 8
457	457	‘‘(3) C
458	458	OVERED INDIVIDUAL .—The term ‘cov-9
459	459	ered individual’ means— 10
460	460	‘‘(A) a President required to file a report 11
461	461	under subsection (a) or (d) of section 13103; 12
462	462	and 13
463	463	‘‘(B) an individual who occupies the office 14
464	464	of the President required to file a report under 15
465	465	section 13103(e). 16
466	466	‘‘(4) M
467	467	AJOR PARTY.—The term ‘major party’ 17
468	468	has the meaning given the term in section 9002 of 18
469	469	the Internal Revenue Code of 1986. 19
470	470	‘‘(b) D
471	471	ISCLOSURE.— 20
472	472	‘‘(1) C
473	473	OVERED INDIVIDUALS.— 21
474	474	‘‘(A) I
475	475	N GENERAL.—In addition to the in-22
476	476	formation described in subsections (a) and (b) 23
477	477	of section 13104, a covered individual shall in-24
478	478	clude in each report required to be filed under 25
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480	480	ssavage on LAPJG3WLY3PROD with BILLS 17
481	481	•S 588 IS
482	482	this title a copy of all applicable income tax re-1
483	483	turns for the 3 most recent taxable years for 2
484	484	which a return has been filed with the Internal 3
485	485	Revenue Service as of the date on which the re-4
486	486	port is filed. 5
487	487	‘‘(B) F
488	488	AILURE TO DISCLOSE .—If an in-6
489	489	come tax return is not disclosed under subpara-7
490	490	graph (A), the Director of the Office of Govern-8
491	491	ment Ethics shall submit to the Secretary of 9
492	492	the Treasury a request that the Secretary of 10
493	493	the Treasury provide the Director of the Office 11
494	494	of Government Ethics with a copy of the in-12
495	495	come tax return. 13
496	496	‘‘(C) P
497	497	UBLICLY AVAILABLE.—Each income 14
498	498	tax return submitted or provided under this 15
499	499	paragraph shall be filed with the Director of the 16
500	500	Office of Government Ethics and made publicly 17
501	501	available in the same manner as the informa-18
502	502	tion described in subsections (a) and (b) of sec-19
503	503	tion 13104. 20
504	504	‘‘(D) R
505	505	EDACTION OF CERTAIN INFORMA -21
506	506	TION.—Before making any income tax return 22
507	507	submitted under this paragraph available to the 23
508	508	public, the Director of the Office of Government 24
509	509	Ethics shall redact such information as the Di-25
510	510	VerDate Sep 11 2014 18:58 Mar 13, 2025 Jkt 059200 PO 00000 Frm 00017 Fmt 6652 Sfmt 6201 E:\BILLS\S588.IS S588
511	511	ssavage on LAPJG3WLY3PROD with BILLS 18
512	512	•S 588 IS
513	513	rector of the Office of Government Ethics, in 1
514	514	consultation with the Secretary of the Treasury 2
515	515	(or a delegate of the Secretary), determines ap-3
516	516	propriate. 4
517	517	‘‘(2) C
518	518	OVERED CANDIDATES .— 5
519	519	‘‘(A) I
520	520	N GENERAL.—Not later than 15 6
521	521	days after the date on which a covered can-7
522	522	didate is nominated, the covered candidate shall 8
523	523	amend the report filed by the covered candidate 9
524	524	under section 13103(c) with the Federal Elec-10
525	525	tion Commission to include a copy of the appli-11
526	526	cable income tax returns for the 3 most recent 12
527	527	taxable years for which a return has been filed 13
528	528	with the Internal Revenue Service. 14
529	529	‘‘(B) F
530	530	AILURE TO DISCLOSE.—If an appli-15
531	531	cable income tax return is not disclosed under 16
532	532	subparagraph (A), the Federal Election Com-17
533	533	mission shall submit to the Secretary of the 18
534	534	Treasury a request that the Secretary of the 19
535	535	Treasury provide the Federal Election Commis-20
536	536	sion with the applicable income tax return. 21
537	537	‘‘(C) P
538	538	UBLICLY AVAILABLE.—Each appli-22
539	539	cable income tax return submitted or provided 23
540	540	under this paragraph shall be filed with the 24
541	541	Federal Election Commission and made publicly 25
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543	543	ssavage on LAPJG3WLY3PROD with BILLS 19
544	544	•S 588 IS
545	545	available in the same manner as the informa-1
546	546	tion described in section 13104(b). 2
547	547	‘‘(D) R
548	548	EDACTION OF CERTAIN INFORMA -3
549	549	TION.—Before making any applicable income 4
550	550	tax return submitted under this paragraph 5
551	551	available to the public, the Federal Election 6
552	552	Commission shall redact such information as 7
553	553	the Federal Election Commission, in consulta-8
554	554	tion with the Secretary of the Treasury (or a 9
555	555	delegate of the Secretary) and the Director of 10
556	556	the Office of Government Ethics, determines 11
557	557	appropriate. 12
558	558	‘‘(3) S
559	559	PECIAL RULE WITH RESPECT TO RE -13
560	560	TURNS DISCLOSED UNDER OTHER AUTHORITY .—For 14
561	561	purposes of this subsection, in the case of any appli-15
562	562	cable income tax return that has been made publicly 16
563	563	available pursuant to section 6103(q) of the Internal 17
564	564	Revenue Code of 1986, the requirements of para-18
565	565	graphs (1)(A) and (2)(A) shall be satisfied with re-19
566	566	spect to such return if the covered individual or cov-20
567	567	ered candidate (as the case may be) provides the lo-21
568	568	cation on the Internet where such disclosure has 22
569	569	been made publicly available.’’; and 23
570	570	(B) in section 13106— 24
571	571	(i) in subsection (a)— 25
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573	573	ssavage on LAPJG3WLY3PROD with BILLS 20
574	574	•S 588 IS
575	575	(I) in paragraph (1), in the first 1
576	576	sentence, by inserting ‘‘or any indi-2
577	577	vidual who knowingly and willfully fal-3
578	578	sifies or who knowingly and willfully 4
579	579	fails to file an applicable income tax 5
580	580	return that such individual is required 6
581	581	to disclose pursuant to section 7
582	582	13104A of this title’’ before the pe-8
583	583	riod; and 9
584	584	(II) in paragraph (2)(A)— 10
585	585	(aa) in clause (i), by insert-11
586	586	ing ‘‘or falsify any applicable in-12
587	587	come tax return that such person 13
588	588	is required to disclose under sec-14
589	589	tion 13104A of this title’’ before 15
590	590	the semicolon; and 16
591	591	(bb) in clause (ii), by insert-17
592	592	ing ‘‘or fail to file any applicable 18
593	593	income tax return that such per-19
594	594	son is required to disclose under 20
595	595	section 13104A of this title’’ be-21
596	596	fore the period; 22
597	597	(ii) in subsection (b), in the first sen-23
598	598	tence, by inserting ‘‘or willfully failed to 24
599	599	file or has willfully falsified an applicable 25
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601	601	ssavage on LAPJG3WLY3PROD with BILLS 21
602	602	•S 588 IS
603	603	income tax return required to be disclosed 1
604	604	under section 13104A’’ before the period; 2
605	605	(iii) in subsection (c), by inserting ‘‘or 3
606	606	failing to file or falsifying an applicable in-4
607	607	come tax return required to be disclosed 5
608	608	under section 13104A’’ before the period; 6
609	609	and 7
610	610	(iv) in subsection (d)(1)— 8
611	611	(I) in the matter preceding sub-9
612	612	paragraph (A), by inserting ‘‘or files 10
613	613	an applicable income tax return re-11
614	614	quired to be disclosed under section 12
615	615	13104A’’ after ‘‘subchapter’’; and 13
616	616	(II) in subparagraph (A), by in-14
617	617	serting ‘‘or such applicable income tax 15
618	618	return, as applicable,’’ after ‘‘report’’. 16
619	619	(2) S
620	620	PECIAL RULE FOR INDIVIDUALS WHO ARE 17
621	621	COVERED CANDIDATES ON DATE OF ENACTMENT .— 18
622	622	In the case of any individual who is a covered can-19
623	623	didate (as defined in section 13104A of title 5, 20
624	624	United States Code, as added by paragraph (1)) on 21
625	625	the date of the enactment of this Act, section 22
626	626	13104A(b)(2)(A) shall be applied by substituting 23
627	627	‘‘30 days after the date of the enactment of the 24
628	628	Presidential Audit and Tax Transparency Act’’ for 25
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630	630	ssavage on LAPJG3WLY3PROD with BILLS 22
631	631	•S 588 IS
632	632	‘‘15 days after the date on which a covered can-1
633	633	didate is nominated’’. 2
634	634	(3) C
635	635	LERICAL AMENDMENT .—The table of sec-3
636	636	tions for chapter 131 of title 5, United States Code, 4
637	637	is amended by adding at the end the following: 5
638	638	‘‘13104A. Disclosure of tax returns.’’.
639	639	(b) AUTHORITYTODISCLOSEINFORMATION.— 6
640	640	(1) I
641	641	N GENERAL.—Section 6103(l) of the Inter-7
642	642	nal Revenue Code of 1986 is amended by adding at 8
643	643	the end the following: 9
644	644	‘‘(23) D
645	645	ISCLOSURE OF RETURN INFORMATION 10
646	646	OF PRESIDENTS AND CERTAIN PRESIDENTIAL CAN -11
647	647	DIDATES UNDER CHAPTER 131 OF TITLE 5 , UNITED 12
648	648	STATES CODE.— 13
649	649	‘‘(A) D
650	650	ISCLOSURE OF RETURNS OF PRESI -14
651	651	DENTS.— 15
652	652	‘‘(i) I
653	653	N GENERAL.—The Secretary 16
654	654	shall, upon written request from the Direc-17
655	655	tor of the Office of Government Ethics 18
656	656	pursuant to section 13104A(b)(1)(B) of 19
657	657	title 5, United States Code, provide to offi-20
658	658	cers and employees of the Office of Gov-21
659	659	ernment Ethics a copy of each applicable 22
660	660	income tax return with respect to any cov-23
661	661	ered individual who has been identified in 24
662	662	such request. 25
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664	664	ssavage on LAPJG3WLY3PROD with BILLS 23
665	665	•S 588 IS
666	666	‘‘(ii) DISCLOSURE TO PUBLIC .—The 1
667	667	Director of the Office of Government Eth-2
668	668	ics may disclose to the public any applica-3
669	669	ble income tax return required to be sub-4
670	670	mitted to the Director pursuant to section 5
671	671	13104A(b)(1) of title 5, United States 6
672	672	Code. 7
673	673	‘‘(B) D
674	674	ISCLOSURE OF RETURNS OF CER -8
675	675	TAIN CANDIDATES FOR PRESIDENT .— 9
676	676	‘‘(i) I
677	677	N GENERAL.—The Secretary 10
678	678	shall, upon written request from the Chair-11
679	679	man of the Federal Election Commission 12
680	680	pursuant to section 13104A(b)(2)(B) of 13
681	681	title 5, United States Code, provide to offi-14
682	682	cers and employees of the Federal Election 15
683	683	Commission a copy of each applicable in-16
684	684	come tax return with respect to any cov-17
685	685	ered candidate who has been identified in 18
686	686	such request. 19
687	687	‘‘(ii) D
688	688	ISCLOSURE TO PUBLIC .—The 20
689	689	Federal Election Commission may disclose 21
690	690	to the public any applicable income tax re-22
691	691	turn required to be filed with the Commis-23
692	692	sion pursuant to section 13104A(b)(2) of 24
693	693	title 5, United States Code. 25
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696	696	•S 588 IS
697	697	‘‘(C) DEFINITIONS.—For purposes of this 1
698	698	paragraph, the terms ‘applicable income tax re-2
699	699	turn’, ‘covered individual’, and ‘covered can-3
700	700	didate’ have the meanings given those terms in 4
701	701	section 13104A of title 5, United States Code.’’. 5
702	702	(2) C
703	703	ONFORMING AMENDMENTS .—Section 6
704	704	6103(p)(4) of the Internal Revenue Code of 1986, in 7
705	705	the matter preceding subparagraph (A) and in sub-8
706	706	paragraph (F)(ii), is amended by striking ‘‘or (22)’’ 9
707	707	and inserting ‘‘(22), or (23)’’ each place it appears. 10
708	708	Æ
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710	710	ssavage on LAPJG3WLY3PROD with BILLS