[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 2981 Introduced in Senate (IS)]

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118th CONGRESS
  1st Session
                                S. 2981

     To require review of tax regulatory actions by the Office of 
      Information and Regulatory Affairs, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

           September 28 (legislative day, September 22), 2023

 Mr. Lankford introduced the following bill; which was read twice and 
referred to the Committee on Homeland Security and Governmental Affairs

_______________________________________________________________________

                                 A BILL


 
     To require review of tax regulatory actions by the Office of 
      Information and Regulatory Affairs, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``IRS Accountability and Transparency 
Act''.

SEC. 2. OIRA REVIEW OF TAX REGULATORY ACTIONS.

    Section 553 of title 5, United States Code, is amended by adding at 
the end the following:
    ``(f)(1) In this subsection--
                    ``(A) the term `regulatory action' means any 
                substantive action by an agency (normally published in 
                the Federal Register) that promulgates or is expected 
                to lead to the promulgation of a final rule, including 
                notices of inquiry, advance notices of proposed 
                rulemaking, and notices of proposed rulemaking; and
                    ``(B) the term `tax regulatory action' means a 
                regulatory action issued by the Internal Revenue 
                Service, whether pursuant to the Internal Revenue Code 
                of 1986 or with respect to any other United States 
                Federal income, excise, estate, gift, or employment 
                tax, that may--
                            ``(i) create a serious consistency or 
                        otherwise interfere with an action taken or 
                        planned by another agency;
                            ``(ii) raise novel legal or policy issues, 
                        such as by prescribing a rule of conduct backed 
                        by an assessable payment; or
                            ``(iii) have an annual non-revenue effect 
                        on the economy of $100,000,000 or more, 
                        measured against a no-action baseline.
    ``(2) Each tax regulatory action shall be subject to review by the 
Office of Information and Regulatory Affairs, including compliance 
under section 6 of Executive Order 12866 (5 U.S.C. 601 note; relating 
to regulatory planning and review).''.
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