US SB2979 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Democrat 10-0)
Status: Introduced on May 25 2016 - 25% progression, died in committee
Action: 2016-05-25 - Read twice and referred to the Committee on Rules and Administration.
Pending: Senate Rules And Administration Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Presidential Tax Transparency Act This bill amends the Federal Election Campaign Act of 1971 to require any candidate of a major party for the office of President to file with the Federal Election Commission (FEC) a copy of the candidate's income tax returns for the three most recent taxable years for which such a return has been filed with the Internal Revenue Service as of the date of the nomination. In any case in which such a candidate has not filed with the FEC such income tax returns within 30 days after the nomination date, the FEC shall request the Department of the Treasury to furnish the returns. A tax return furnished to the FEC by a candidate or by Treasury shall be treated in the same manner as a report filed by the candidate and, except for the appropriate redaction of certain information, shall be made publicly available at the same time and in the same manner as other reports and statements. The bill amends the Internal Revenue Code to authorize the FEC to disclose to the public the applicable tax returns of any person who has been nominated as a candidate of a major party. Treasury shall furnish the FEC with copies of any requested returns.

Tracking Information

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Title

Presidential Tax Transparency Act

Sponsors


History

DateChamberAction
2016-05-25SenateRead twice and referred to the Committee on Rules and Administration.

Same As/Similar To

HB5386 (Same As) 2016-06-07 - Referred to House Administration

Subjects


US Congress State Sources


Bill Comments

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