,i #aaf? ,,congress #a/ ,session ,h4 ,r4 #iej ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,febru>y #d1 #bjai,mr4 ,cicill9e 7= himself1 ,mr4 ,g>am5di1 ,ms4 ,s*ak[sky1 ,ms4 ,roybal-,all>d1 & ,mr4 ,de,fazio7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ov]sight & ,re=m1 & 9 addition to ! ,committee on ,ways & ,means1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to require ! disclosure ( ! ,f$]al income tax returns ( ! ,presid5t4 #a4 ,%ort title ,?is ,act may be cit$ z ,presid5tial ,tax ,disclosure ,act ( #bjai4 #b4 ,disclosure ( ,f$]al income tax returns ( ! ,presid5t 7a7 ,9 g5]al ,any individual hold+ ! (fice ( ,presid5t %all submit to ! ,director ( ! ,(fice ( ,gov]nm5t ,e?ics a copy ( ea* ,f$]al income tax return fil$ by su* individual ) ! ,int]nal ,rev5ue ,s]vice = any taxable ye> end+ dur+ ! p]iod su* individual holds su* (fice4 ,su* copy %all be s submitt$ n lat] ?an ! e>li] ( ! date :i* is #ij days aft] su* return is s fil$ or ! end ( ! cal5d> ye> 9 :i* su* return is s fil$4 7b7 ,application to c]ta9 prior ye> returns ,n lat] ?an #ij days aft] an individual fir/ assumes ! (fice ( ,presid5t1 su* individual %all submit to ! ,director ( ! ,(fice ( ,gov]nm5t ,e?ics a copy ( ea* ,f$]al income tax return fil$ by su* individual ) ! ,int]nal ,rev5ue ,s]vice = ! #c mo/ rec5t taxable ye>s end+ be=e ! date on :i* su* individual fir/ assumes su* (fice4 7c7 ,public disclosure ,9 ! case ( any ,f$]al income tax return receiv$ by ! ,director ( ! ,(fice ( ,gov]nm5t ,e?ics "u subsection 7a7 or 7b7 ( ?is section or section #fajc7l77#bc7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 ! ,director %all1 n lat] ?an #g bus9ess days aft] receiv+ su* return-- 7#a7 make su* return publicly available on ! int]net2 & 7#b7 submit su* return to ! ,committees on ! ,judici>y1 ,ways & ,means1 & ,ov]sight & ,re=m ( ! ,h\se ( ,repres5tatives & to ! ,committees on ! ,judici>y & ,f9ance ( ! ,s5ate4 7d7 ,special rules 7#a7 ,disclosure ( entire return ,any ref]5ce 9 ?is section to a ,f$]al income tax return includes all s*$ules1 supplem5ts1 am5dm5ts1 & atta*m5ts ) respect to su* return4 ,9 ! case ( any su* s*$ule1 supplem5t1 am5dm5t1 or atta*m5t :i* is n fil$ ) ! ,int]nal ,rev5ue ,s]vice on ! same date z ! return1 su* s*$ule1 supplem5t1 am5dm5t1 or atta*m5t %all be treat$ z a sep>ate return = purposes ( det]m9+ ! deadl9e = submission & disclosure "u ?is section4 7#b7 ,p]mitt$ r$actions ,no in=mation may be r$act$ f any return submitt$ or disclos$ "u ?is section1 except ! foll[+ in=mation3 7,a7 ,any ,social ,security numb] ( any individual4 7,b7 ,any taxpay] id5tification numb] ( any p]son4 7,c7 ,any acc\nt id5tification numb]4 7,d7 ,any "n ( any dep5d5t ( ! taxpay]4 7#c7 ,application to sp\ses 7,a7 ,jo9t returns ,9 ! case ( any return :i* is fil$ jo9tly ) ! sp\se ( any individual1 ! entire return %all be treat$ z ! return ( su* individual = purposes ( ?is section4 7,b7 ,sep>ate returns ,if ! sp\se ( any individual to :om subsection 7a7 applies files a ,f$]al income tax return :i* is sep>ate f su* individual1 ?is section & section #fajc7l77#bc7 ( ! ,int]nal ,rev5ue ,code ( #aihf %all apply to su* return 9 ! same mann] z su* section w\ld apply if su* return 7 fil$ by su* individual4 7e7 ,en=cem5t by ,attorney ,g5]al 7#a7 ,! ,attorney ,g5]al may br+ a civil action 9 any appropriate ,unit$ ,/ates di/rict c\rt aga9/ any individual :o kn[+ly falsifies or :o kn[+ly fails to submit or disclose any in=mation t su* individual is requir$ to submit or disclose pursuant to ?is section or section #fajc7l77#bc7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 ,! c\rt may assess aga9/ su* individual a civil p5alty 9 an am\nt ( n m ?an #ej1jjj4 7#b7 ,x %all be unlawful = any p]son to kn[+ly-- 7,a7 falsify any in=mation t su* p]son is requir$ to submit or disclose "u ?is section or section #fajc7l77#bc7 ( ! ,int]nal ,rev5ue ,code ( #aihf2 or 7,b7 fail to s submit or disclose su* in=mation4 7#c7 ,any p]son :o-- 7,a7 violates p>agraph 7#b77;,a7 %all be f9$ n m ?an #ej1jjj1 imprison$ = n m ?an #f mon?s1 or bo?1 & 7,b7 violates p>agraph 7#b77;,b7 %all be f9$ n m ?an #ej1jjj1 imprison$ = n m ?an #f mon?s or bo?4 7#d7 ,! ,director ( ! ,(fice ( ,gov]nm5t ,e?ics1 or any ,committee ref]r$ to 9 subsection 7c77#b71 may ref] to ! ,attorney ,g5]al ! "n ( any individual :i* su* ,director or ,committee has reasonable cause to believe has violat$ p>agraph 7#b74 7f7 ,alt]native disclosure by ,secret>y ( ! ,treasury ,section #fajc7l7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#bc7 ,disclosure ( tax returns ( ! ,presid5t 7,a7 ,9 g5]al ,if any ,f$]al income tax return requir$ to be submitt$ to ! ,director ( ! ,(fice ( ,gov]nm5t ,e?ics "u subsection 7a7 or 7b7 ( section #b ( ! ,presid5tial ,tax ,disclosure ,act ( #bjai is n s submitt$ be=e ! date specifi$ 9 su* subsection ) respect to su* submission 7or if any su* return s submitt$ is incomplete or inaccurate71 ! ,secret>y %all disclose su* return to ! ,director ( ! ,(fice ( ,gov]nm5t ,e?ics n lat] ?an #cj days aft] su* date4 7,b7 ,r$actions2 etc ,rules simil> to ! rules ( section #b7;d7 ( ! ,presid5tial ,tax ,disclosure ,act ( #bjai %all apply = purposes ( ?is p>agraph1 except t ! ,secret>y %all r$act ! in=mation describ$ 9 subp>agraphs 7,a7 ?r\gh 7,d7 ( p>agraph 7#b7 ( su* section be=e disclos+ su* return "u subp>agraph 7,a74 7,c7 ,r$isclosure ,return in=mation disclos$ "u subp>agraph 7,a7 may be r$isclos$ by ! ,director ( ! ,(fice ( ,gov]nm5t ,e?ics z provid$ 9 section #b7;c7 ( ! ,presid5tial ,tax ,disclosure ,act ( #bjai4 4 7g7 ,effective date ,?is section1 & ! am5dm5ts made by ?is section1 %all apply ) respect to individuals assum+ ! (fice ( ,presid5t aft] ,decemb] #ca1 #bjaf4