,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #cccj  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #ah1 #bjai,mr4  
,yoho 7= himself1 ,mr4 ,panetta1 & ,ms4 
,del,bene7 introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,ways &     
,means  ,a ,,bill  ,to set m9imum /&>ds 
= tax return prep>]s4  #a4 ,%ort title  
,?is ,act may be cit$ z ! ,taxpay]      
,protection & ,prep>] ,pr(ici5cy ,act ( 
#bjai4  #b4 ,regulation ( tax return    
prep>]s  7a7 ,9 g5]al ,subsection 7a7 ( 
section #ccj ( title #ca1 ,unit$ ,/ates 
,code1 is am5d$--  7#a7 by /rik+        
p>agraph 7#a7 & ins]t+ ! foll[+3  7#a7  
regulate--  7,a7 ! practice (           
repres5tatives ( p]sons be=e ! ,dep>tm5t
 ( ! ,treasury2 &  7,b7 ! practice ( tax
 return prep>]s2 &  2 &  7#b7 9 p>agraph
 7#b7-- 7,a7 by ins]t+ or a tax return  
prep>] to prep>e tax returns aft]       
practice2  7,b7 by ins]t+ or tax return 
prep>] be=e demon/rate2 &  7,c7 by      
ins]t+ or 9 prep>+ _! tax returns1      
claims = refund1 or docum5ts 9          

connection ) tax returns or claims =    
refund aft] cases 9 subp>agraph 7,d74   
7b7 ,au?ority ,to sanction regulat$ tax 
return prep>]s ,subsection 7c7 ( section
 #ccj ( title #ca1 ,unit$ ,/ates ,code1 
is am5d$-- 7#a7 by /rik+ be=e !         
,dep>tm5t2  7#b7 by ins]t+ or tax return
 prep>] aft] repres5tative ea* place x  
appe>s2 &  7#c7 9 p>agraph 7#d71 by     
/rik+ misleads or ?reat5s & all t foll[s
 & ins]t+  misleads or ?reat5s-- 7,a7   
any p]son be+ repres5t$ or any          
prospective p]son be+ repres5t$2 or     
7,b7 any p]son or prospective p]son ^:  
tax return1 claim = refund1 or docum5t 9
 connection ) a tax return or claim =   
refund1 is be+ or may be prep>$4  4  7c7
 ,m9imum compet5cy /&>ds = tax return   
prep>]s ,section #ccj ( title #ca1      
,unit$ ,/ates ,code1 is am5d$ by add+ at
 ! end ! foll[+ new subsection3  7f7    
,tax return prep>]s  7#a7 ,9 g5]al ,any 
tax return prep>] %all demon/rate m9imum
 compet5cy /&>ds "u ?is subsection by-- 
7,a7 obta9+ an id5tify+ numb] = secur+  

prop] id5tification ( su* prep>] z      
describ$ 9 section #faji7;a77#d7 ( !    
,int]nal ,rev5ue ,code ( #aihf2  7,b7   
satisfy+ any exam9ation & annual cont9u+
 education requirem5ts z prescrib$ by ! 
,secret>y2 &  7,c7 complet+ a backgr\nd 
*eck adm9i/]$ by ! ,secret>y4  7#b7     
,exemption ,! ,secret>y %all exempt tax 
return prep>]s :o h be5 subject to      
comp>able exam9ation1 cont9u+ education 
requirem5ts1 & backgr\nd *ecks adm9i/]$ 
by ! ,secret>y or any comp>able ,/ate   
lic5s+ program4 ,su* exemption %all     
ext5d directly to individuals :o are    
sup]vis$ by su* prep>]s & are n requir$ 
to secure an id5tification numb] "u     
section #faji7;a77#d74  4  7d7 ,tax     
return prep>] def9$ ,section #ccj (     
title #ca1 ,unit$ ,/ates ,code1 z am5d$ 
by subsection 7c71 is am5d$ by add+ at !
 end ! foll[+ new subsection3  7g7 ,tax 
return prep>] ,= purposes ( ?is         
section-- 7#a7 ,9 g5]al ,! t]m tax      
return prep>] has ! mean+ giv5 su* t]m  
"u section #ggja7;a77#cf7 ( ! ,int]nal  

,rev5ue ,code ( #aihf4  7#b7 ,tax return
 ,! t]m tax return has ! mean+ giv5 to !
 t]m return "u section #ffif7;e77#a7 ( !
 ,int]nal ,rev5ue ,code ( #aihf4  7#c7  
,claim = refund ,! t]m claim = refund   
has ! mean+ giv5 su* t]m "u section     
#ffif7;e77#b7 ( su* ,code4  4  7e7      
,am5dm5ts ) respect to id5tify+ numb]   
7#a7 ,9 g5]al ,section #faji7;a7 is     
am5d$ by /rik+ p>agraph 7#d7 & ins]t+ ! 
foll[+3  7#d7 ,furni%+ id5tify+ numb] ( 
tax return prep>]  7,a7 ,9 g5]al ,any   
return or claim = refund prep>$ by a tax
 return prep>] %all be> su* id5tify+    
numb] = secur+ prop] id5tification ( su*
 prep>]1 8 employ]1 or bo?1 z may be    
prescrib$4 ,= purposes ( ?is p>agraph1 !
 t]ms return & claim = refund h !       
respective mean+s giv5 to su* t]ms by   
section #ffif7;e74  7,b7 ,exception     
,subp>agraph 7,a7 %all n apply to any   
tax return prep>] :o prep>es a return or
 claim = refund "u ! sup]vision &       
direction ( a tax return prep>] :o signs
 ! return or claim = refund & is a      

c]tifi$ public acc\ntant1 an attorney or
 enroll$ ag5t4  4  7#b7 ,cl>ification ( 
rescission au?ority ,section #faji is   
am5d$ by ins]t+ aft] subsection 7d7 !   
foll[+ new subsection3  7e7 ,au?ority   
,to resc9d id5tify+ numb] ( tax return  
prep>]  7#a7 ,9 g5]al ,! ,secret>y may  
resc9d an id5tify+ numb] issu$ "u       
subsection 7a77#d7 if--  7,a7 aft]      
notice & opportunity = a he>+1 ! prep>] 
is %[n to be incompet5t or disreputable 
7z su* t]ms are us$ 9 subsection 7c7 (  
section #ccj ( title #ca1 ,unit$ ,/ates 
,code72 &  7,b7 resc9d+ ! id5tify+ numb]
 w\ld promote compliance ) ! requirem5ts
 ( ?is title & effective tax            
adm9i/ration4  7#b7 ,records ,if an     
id5tify+ numb] is resc9d$ "u p>agraph   
7#a71 ! ,secret>y %all place 9 ! file 9 
! ,(fice ( ! ,director ( ,pr(essional   
,responsibility ! op9ion ( ! ,secret>y )
 respect to ! det]m9ation1 includ+--    
7,a7 a /atem5t ( ! facts & circum/ances 
relat+ to ! det]m9ation2 &  7,b7 !      
reasons = ! rescission4  4  7f7 ,,gao   

/udy & report on ! ex*ange ( in=mation  
betwe5 ! ,,irs & ,/ate taxation         
au?orities  7#a7 ,9 g5]al ,n lat] ?an   
#ah mon?s aft] ! date ( ! enactm5t ( ?is
 ,act1 ! ,comptroll] ,g5]al %all conduct
 a /udy & submit to ,congress a report  
on ! %>+ ( in=mation betwe5 ! ,secret>y 
( ! ,treasury & ,/ate au?orities1 z     
au?oriz$ "u section #fajc7;d7 ( !       
,int]nal ,rev5ue ,code ( #aihf1 reg>d+  
id5tification numb]s issu$ to paid tax  
return prep>]s & return prep>] m9imum   
/&>ds4  7#b7 ,increas$ in=mation %>+ ,! 
/udy & report describ$ 9 p>agraph 7#a7  
%all include an analysis ( ! impact t   
increas$ in=mation %>+ betwe5 ,f$]al &  
,/ate au?orities w\ld h on ef=ts to     
en=ce m9imum /&>ds on paid tax return   
prep>]s4