[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10060 Introduced in House (IH)]
<DOC>
119th CONGRESS
2d Session
H. R. 10060
To amend the Internal Revenue Code of 1986 to prohibit orders or
agreements relating to the release of tax claims by the President and
related persons, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
August 6, 2026
Mr. Neal (for himself, Mr. Doggett, Mr. Thompson of California, Mr.
Larson of Connecticut, Mr. Davis of Illinois, Ms. Sanchez, Ms. Sewell,
Ms. DelBene, Ms. Chu, Ms. Moore of Wisconsin, Mr. Boyle of
Pennsylvania, Mr. Beyer, Mr. Evans of Pennsylvania, Mr. Schneider, Mr.
Panetta, Mr. Gomez, Mr. Horsford, Ms. Plaskett, and Mr. Suozzi)
introduced the following bill; which was referred to the Committee on
Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to prohibit orders or
agreements relating to the release of tax claims by the President and
related persons, 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 ``Presidential Tax Accountability and
Audit Integrity Act''.
SEC. 2. PROHIBITION ON ORDERS OR AGREEMENTS RELATING TO RELEASE OF TAX
CLAIMS BY THE PRESIDENT AND RELATED PERSONS.
(a) Prohibition.--
(1) In general.--Chapter 74 of the Internal Revenue Code of
1986 is amended by redesignating section 7124 as section 7125
and by inserting after section 7123 the following new section:
``SEC. 7124. PROHIBITED ORDERS AND AGREEMENTS.
``(a) General Rule.--The Secretary--
``(1) is not authorized to enter into, grant, or make any
covered instrument after the date of the enactment of this
section, and
``(2) shall give no effect to any covered instrument in
administering and enforcing the internal revenue laws.
``(b) Covered Instrument.--For purposes of this section, the term
`covered instrument' means any term of any agreement, order, waiver,
release, addendum, instruction, or similar instrument which--
``(1) purports to affect any Federal tax matter involving--
``(A) the President,
``(B) any individual who bears a relationship
described in section 152(d)(2) to the individual
described in subparagraph (A), or
``(C) any person related to any person described in
subparagraph (A) or (B), and
``(2) is entered into, granted, or made during the period
the individual described in paragraph (1)(A) is serving as
President.
``(c) Related Persons.--For purposes of subsection (b)(1)(C), a
person shall be treated as related to another person if--
``(1) the relationship between such persons would result in
the disallowance of losses under section 267 or 707(b) (but, in
applying subsections (b) and (c) of section 267 for purposes of
this section, paragraph (4) of section 267(c) shall be treated
as providing that the family of an individual shall include all
individuals described in subsection (b)(1)(B)), or
``(2) such other person and such person are engaged in
trades or businesses under common control (within the meaning
of subsections (a) and (b) of section 52).
``(d) Reporting.--
``(1) In general.--The Secretary shall submit to Congress
and make publicly available reports disclosing the identity of
the taxpayers to whom a covered instrument applies and any
actions taken to comply with the requirements of this section
(including any action taken to administer or enforce any tax to
which the covered instrument applies with respect to such
taxpayers).
``(2) Timing of reports.--Reports required under paragraph
(1) shall be made--
``(A) not later than 7 days after the date the
covered instrument is entered into, granted, or made
(or, in the case of any covered instrument entered
into, granted, or made before the date of the enactment
of this section, not later than 7 days after such date
of enactment), and
``(B) every 30 days thereafter, ending with the
earlier of--
``(i) the close of the first 30-day period
ending after the date that is 3 years after the
conclusion of the term in office as President
of the individual described in subsection
(b)(1)(A), or
``(ii) the close of the first 30-day period
ending after the date the covered instrument is
rescinded.''.
(2) Authority to disclose information.--
(A) In general.--Section 6103(k) of the Internal
Revenue Code of 1986 is amended by adding at the end
the following new paragraph:
``(16) Disclosures related to covered instruments.--Return
information may be disclosed to members of the general public
to the extent necessary to carry out the requirements of
section 7124(d).''.
(B) Conforming amendment.--Section 6103(p)(3)(A) of
such Code is amended by striking ``or (9)'' and
inserting ``(9), or (16)''.
(3) Clerical amendment.--The table of sections for chapter
74 of the Internal Revenue Code of 1986 is amended by
redesignating the item relating to section 7124 as relating to
section 7125 and inserting after the item relating to section
7123 the following new item:
``Sec. 7124. Prohibited orders and agreements.''.
(b) Special Rules for Prior Instruments.--
(1) In general.--In the case of any applicable person, the
period for assessment for any applicable tax, or for bringing a
proceeding in court for collection without assessment of such
tax, shall not expire at any time before the later of--
(A) the date that is 3 years after the conclusion
of the term in office as President of the individual
described in section 7124(b)(1)(A) of the Internal
Revenue Code (as added by this section) with respect to
a covered instrument described in paragraph (2), or
(B) the date otherwise provided under section 6501
of such Code.
(2) Applicable person.--For purposes of this subsection,
the term ``applicable person'' means any person described in
section 7124(b)(1) of the Internal Revenue Code of 1986 (as
added by this section) whose Federal taxes are affected by a
covered instrument entered into, granted, or made after January
20, 2025, and before the date of the enactment of this Act.
(3) Applicable tax.--For purposes of this subsection, the
term ``applicable tax'' means any tax imposed under the
Internal Revenue Code of 1986 and for which the period for
assessment or for bringing a proceeding in court for collection
of such tax (determined without regard to this subsection) has
not expired before the date on which the covered instrument
described in paragraph (2) was entered into, granted, or made.
(4) Covered instrument.--For purposes of this subsection,
the term ``covered instrument'' has the meaning given such term
under section 7124(b) of the Internal Revenue Code of 1986, as
added by this section.
(c) Effective Date.--
(1) Prohibition.--Except as provided in paragraph (2), the
amendments made by this section shall apply to covered
instruments (as defined in section 7124 of the Internal Revenue
Code of 1986, as added by subsection (a)) entered into,
granted, or made before, on, or after January 20, 2025.
(2) Disclosure.--The amendments made by subsection (a)(2)
shall apply to disclosures made after the date of the enactment
of this Act.
(d) No Inference.--Nothing in this section or the amendments made
by this section shall be construed to create any inference that a
covered instrument (as defined in section 7124(b) of the Internal
Revenue Code of 1986 (as added by this section)) is otherwise valid or
enforceable notwithstanding the amendments made by this section.
<all>