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Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Presidential Tax Transparency Act

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Federal Election Campaign Act of 1971 to require candidates of major parties for the office of President to disclose recent tax return information.

Actions Overview (1)

Date Actions Overview
05/25/2016Introduced in Senate

All Actions (1)

Date All Actions
05/25/2016Read twice and referred to the Committee on Rules and Administration.
Action By: Senate

Cosponsors (9)

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Rules and Administration05/25/2016 Referred to

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Latest Summary (1)

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Shown Here:
Introduced in Senate (05/25/2016)

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.