Presidential Tax Accountability and Audit Integrity Act

This bill would bar the Treasury Secretary from making or honoring any agreement, order, waiver, release, or similar document that affects federal tax matters of a sitting President, the President's relatives, or related persons and businesses, if it is made while the President is in office. The Secretary would have to report to Congress and the public, within 7 days and then every 30 days, the identity of taxpayers covered by such a document and the actions taken to comply. The bill would allow tax return information to be shared with the public as needed for these reports. For such documents made after January 20, 2025, and before the bill becomes law, the time limit for the IRS to assess or collect the affected taxes would not end until at least 3 years after the President's term ends.

Full text and official record on Congress.gov

Sponsors

• Ron Wyden Democrat sponsor
• 4 cosponsors