H.R.950 - Presidential Tax Disclosure Act of 2019116th Congress (2019-2020) |
|Sponsor:||Rep. Cicilline, David N. [D-RI-1] (Introduced 02/04/2019)|
|Committees:||House - Oversight and Reform; Ways and Means|
|Latest Action:||House - 02/04/2019 Referred to the Committee on Oversight and Reform, and in addition to the Committee on Ways and Means, 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. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.950 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (02/04/2019)
Presidential Tax Disclosure Act of 2019
This bill requires any individual holding the office of President to submit federal tax returns to the Office of Government Ethics (OGE). The individual must submit (1) each return filed with the Internal Revenue Service (IRS) for any year ending while the individual is President, and (2) each return filed with the IRS for the three years before the individual assumed office.
After receiving the returns, the OGE must (1) make the returns publicly available on the Internet, and (2) submit the returns to specified congressional committees.
No information may be redacted from the disclosed returns except for (1) Social Security, tax identification, and account identification numbers; and (2) the name of any dependent of the taxpayer.
The bill establishes civil and criminal penalties to enforce the disclosure requirements. It also permits the IRS to disclose to the OGE any federal tax return that is required to be disclosed by this bill, but has not been submitted to the OGE within a specified deadline.