,,ii  #aafth ,,congress  #ast ,session  
,s4 #aajj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,april #i1     
#bjai,mr4 ,booker 7for himself1 ,mr4    
,scott of ,south ,carolina1 ,ms4        
,hassan1 and ,mr4 ,young7 introduced the
 following bill2 which was read twice   
and referred to the ,committee on       
,finance  ,a ,,bill  ,to institute a    
program for the disclosure of taxpayer  
information for third-party income      
verification through the ,internet4  #a4
 ,disclosure of taxpayer information for
 third-party income verification  7a7   
,in general ,not later than #a year     
after the close of the #b-year period   
described in subsection 7d77#a71 the    
,secretary of the ,treasury or the      
,secretary's delegate 7hereafter        
referred to in this section as the      
,secretary7 shall implement a program to
 ensure that any qualified disclosure-- 
7#a7 is fully automated and accomplished
 through the ,internet2 and  7#b7 is    
accomplished in as close to real-time as

 is practicable4  7b7 ,qualified        
disclosure ,for purposes of this        
section1 the term qualified disclosure  
means a disclosure under section        
#fajc7;c7 of the ,internal ,revenue     
,code of #aihf of returns or return     
information by the ,secretary to a      
person seeking to verify the income or  
creditworthiness of a taxpayer who is a 
borrower in the process of a loan       
application4  7c7 ,application of       
security standards ,the ,secretary shall
 ensure that the program described in   
subsection 7a7 complies with applicable 
security standards and guidelines4  7d7 
,user fee  7#a7 ,in general ,during the 
#b-year period beginning on the first   
day of the #fth calendar month beginning
 after the date of the enactment of this
 ,act1 the ,secretary shall assess and  
collect a fee for qualified disclosures 
7in addition to any other fee assessed  
and collected for such disclosures7 at  
such rates as the ,secretary determines 
are sufficient to cover the costs       

related to implementing the program     
described in subsection 7a71 including  
the costs of any necessary              
infrastructure or technology4  7#b7     
,deposit of collections ,amounts        
received from fees assessed and         
collected under paragraph 7#a7 shall be 
deposited in1 and credited to1 an       
account solely for the purpose of       
carrying out the activities described in
 subsection 7a74 ,such amounts shall be 
available to carry out such activities  
without need of further appropriation   
and without fiscal year limitation4