[Congressional Record Volume 162, Number 88 (Monday, June 6, 2016)]
[Senate]
[Page S3460]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 4433. Mr. WYDEN (for himself and Mr. Bennet) submitted an
amendment intended to be proposed by him to the bill S. 2943, to
authorize appropriations for fiscal year 2017 for military activities
of the Department of Defense, for military construction, and for
defense activities of the Department of Energy, to prescribe military
personnel strengths for such fiscal year, and for other purposes; which
was ordered to lie on the table; as follows:
At the end of subtitle I of title X, add the following:
SEC. 1097. DISCLOSURE OF RECENT TAX RETURNS OF CERTAIN
PRESIDENTIAL CANDIDATES.
(a) In General.--Section 304 of the Federal Election
Campaign Act of 1971 (52 U.S.C. 30104) is amended by adding
at the end the following new subsection:
``(j) Disclosure of Tax Returns of Certain Presidential
Candidates.--
``(1) In general.--Not later than 15 days after the
nomination of any candidate of a major party for the office
of President, such candidate shall file with the Commission a
copy of the income tax returns of such candidate for the 3
most recent taxable years for which such a return has been
filed with the Internal Revenue Service as of the date of the
nomination.
``(2) Procedure if no information filed.--In any case in
which the candidate of a major party for the office of
President has not filed with the Commission the income tax
returns described in paragraph (1) before the date which is
30 days after the date such candidate is nominated, the
Chairman of the Commission shall request the Secretary of the
Treasury to provide such returns.
``(3) Returns made public.--A tax return provided to the
Commission by a candidate under paragraph (1) or by the
Secretary of the Treasury pursuant to paragraph (2) shall be
treated in the same manner as a report filed by the candidate
and, except as provided in paragraph (4), shall be made
publicly available at the same time and in the same manner as
other reports and statements under this section.
``(4) Redaction of certain information.--Before making any
return described in paragraph (1) or (2) available to the
public, the Commission shall redact such information as the
Commission, in consultation with the Secretary of the
Treasury (or the Secretary's delegate), determines
appropriate.
``(5) Definitions.--For purposes of this subsection:
``(A) Major party.--The term `major party' has the meaning
given such term by section 9002(6) of the Internal Revenue
Code of 1986.
``(B) Income tax return.--The term `income tax return'
means any return (as defined in section 6103(b)(1) of the
Internal Revenue Code of 1986) relating to Federal income
taxes.''.
(b) Authority to Disclose Information.--
(1) In general.--Section 6103(l) of the Internal Revenue
Code of 1986 is amended by adding at the end the following
new paragraph:
``(23) Disclosure of return information of certain
presidential candidates by federal election commission.--
``(A) In general.--The Federal Election Commission may
disclose to the public the applicable returns of any person
who has been nominated as a candidate of a major party (as
defined in section 9002(6)) for the office of President.
``(B) Disclosure to fec in cases where candidate does not
provide returns.--The Secretary shall, upon written request
from the Chairman of the Federal Election Commission pursuant
to section 304(j)(2) of the Federal Election Campaign Act of
1971, provide to officers and employees of the Federal
Election Commission copies of the applicable returns of any
person who has been nominated as a candidate of a major party
(as defined in section 9002(6)) for the office of President.
``(C) Applicable returns.--For purposes of this paragraph,
the term `applicable returns' means, with respect to any
candidate for the office of President, income tax returns for
the 3 most recent taxable years for which a return has been
filed as of the date of the nomination.''.
(2) Conforming amendments.--Section 6103(p)(4) of such
Code, in the matter preceding subparagraph (A) and in
subparagraph (F)(ii), is amended by striking ``or (22)'' and
inserting ``(22), or (23)'' each place it appears.
(c) Effective Date.--The amendments made by this section
shall take effect on the date of the enactment of this Act.
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