,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #ccce  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,may #ae1 #bjbc,mr4   
,mc,henry 7= himself & ,mr4 ,panetta7   
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to ensure ! successful         
developm5t ( ! electronic ,income       
,v]ification ,express ,s]vice ( !       
,int]nal ,rev5ue ,s]vice by am5d+ !     
,taxpay] ,fir/ ,act to cl>ify t taxpay] 
id5tity v]ification is ! responsibility 
( us]s ( ! sy/em r ?an ! taxpay]1 & =   
o!r purposes4  #a4 ,id5tity v]ification 
responsibility  7a7 ,9 g5]al ,section   
#bbja ( ! ,taxpay] ,fir/ ,act 7,public  
,law #aaf-be7 is am5d$-- 7#a7 9         
subsection 7a71 by /rik+ & at ! end (   
p>agraph 7#a71 by r$esignat+ p>agraph   
7#b7 z p>agraph 7#c71 & by ins]t+ aft]  
p>agraph 7#a7 ! foll[+ new p>agraph3    
7#b7 is accompli%$ only aft] a f9ancial 
in/itution 7or a s]vice provid]1        
subsidi>y1 affiliate1 ag5t1             
subcontractor1 or assignee ( a f9ancial 

in/itution7 has =m$ a reasonable belief 
t ! id5tity ( ! taxpay] has be5         
au!nticat$2 &  2 &  7#b7 9 subsection   
7b71 by /rik+ by ! ,secret>y to a p]son 
seek+ to v]ify ! income or cr$itwor?9ess
 ( a taxpay] :o is a borr[] 9 ! process 
( a loan application & ins]t+ 1 includ+ 
bus9ess tax return in=mation1 by !      
,secret>y to a taxpay] or f9ancial      
in/itution 7or a s]vice provid]1        
subsidi>y1 affiliate1 ag5t1             
subcontractor1 or assignee ( a f9ancial 
in/itution7 designat$ by a taxpay] seek+
 to v]ify ! income or cr$itwor?9ess ( a 
taxpay] :o is 9 ! process ( a f9ancial  
application4  7b7 ,f9ancial in/itution  
def9ition1 /&>ds & guidel9es ,section   
#bbja7;c7 ( su* ,act is am5d$-- 7#a7 9  
subsection 7c7-- 7,a7 by /rik+ ,!       
,secret>y & ins]t+3  7#a7 ,9 g5]al ,!   
,secret>y  2 &  7,b7 by add+ at ! end ! 
foll[+ new p>agraph3  7#b7 ,/&>ds ,!    
,secret>y %all ensure t any /&>ds &     
guidel9es deem$ applicable to ! sy/em   
describ$ 9 ?is section-- 7,a7 ,enable a 

taxpay] to provide ! appropriate        
designation & electronic cons5t to a    
f9ancial in/itution 7or a s]vice        
provid]1 subsidi>y1 affiliate1 ag5t1    
subcontractor1 or assignee ( a f9ancial 
in/itution71 includ+ ^? def9$ 9 section 
#ajf ( ! ,electronic ,signatures 9      
,global & ,national ,comm]ce ,act 7#ae  
,u4,s4,c4 #gjjf72  7,b7 ,enable a       
f9ancial in/itution 7or a s]vice        
provid]1 subsidi>y1 affiliate1 ag5t1    
subcontractor1 or assignee ( a f9ancial 
in/itution7 to act ^u su* designation & 
cons5t to reque/ a qualifi$ disclosure  
directly ) ! sy/em implem5t$ pursuant to
 ?is section2 &  7,c7 ,ensure ! security
 & confid5tiality ( taxpay] in=mation1  
to ! ext5t su* /&>ds & guidel9es d n    
conflict ) o!r /&>ds & guidel9es        
applicable to f9ancial in/itutions4  1 &
  7#b7 by r$esignat+ subsections 7c7 &  
7d7 z subsections 7d7 & 7e71            
respectively1 & by ins]t+ aft]          
subsection 7b7 ! foll[+ new subsection3 
7c7 ,f9ancial in/itution ,= purposes (  

?is section1 ! t]m f9ancial in/itution  
has ! mean+ giv5 su* t]m 9 section #eji 
( ! ,gramm-,lea*-,bliley ,act 7#ae      
,u4,s4,c4 #fhji74  4  7c7 ,limitation on
 au?ority ,section #bbja ( su* ,act is  
am5d$ by add+ at ! end ! foll[+ new     
subsection3  7f7 ,limitation on au?ority
 ,! ,secret>y may n require a taxpay]   
seek+ a qualifi$ disclosure to access   
any in=mation te*nology sy/em or s]vice 
us$ by or on behalf ( ! ,int]nal ,rev5ue
 ,s]vice pursuant to ?is section = any  
purpose relat+ to a qualifi$ disclosure1
 includ+ id5tity v]ification or !       
provision ( electronic cons5t4  4  7d7  
,cl>ification reg>d+ c]ta9 bus9ess tax  
return in=mation available = disclosure 
,section #bbja ( su* ,act1 z am5d$ by   
subsection 7c71 is am5d$ by add+ at !   
end ! foll[+ new subsection3  7g7       
,program requir$ ,to make c]ta9         
in=mation available = disclosure ,!     
,secret>y %all ensure t ! program       
implem5t$ "u ?is section makes c]ta9    
bus9ess tax return in=mation available =

 disclosure1 includ+1 b n limit$ to1 !  
foll[+3 7#a7 ,! foll[+ in=mation f      
,s*$ule ,k-#a ( ,=ms #ajfe & #aabj3 7,a7
 ,names ( own]s4  7,b7 ,p]c5tage (      
capital own]%ip ( ea* own]4  7,c7       
,di/ributions to ea* own]4  7,d7 ,9 !   
case ( ,=m #ajfe1 direct paym5ts to     
p>tn]s4  7#b7 ,! foll[+ in=mation f     
,s*$ule ,g ( ,=m #aabj3 7,a7 ,names (   
own]s4  7,b7 ,p]c5tage ( capital own]%ip
 ( ea* own]4  7#c7 ,) respect to ea*    
entity id5tifi$ on ,s*$ule ,c ( ,=m     
#ajdj1 ! foll[+ in=mation f su* ,s*$ule3
 7,a7 ,"n ( su* entity4  7,b7 ,names (  
own]s ( su* entity4  7,c7 ,income       
/atem5t ( ea* entity4  7#d7 ,all        
in=mation available on ! foll[+ =ms or  
s*$ules3 7,a7 ,s*$ule ,l4  7,b7 ,s*$ule 
,m4  7,c7 ,=m #aabe-;,e4  7,d7 ,any     
s*$ules or supplem5tal s*$ules ( ,=m    
#ajdj 7or any o!r p]sonal income tax    
return =m7 :i* includes in=mation relat$
 to any income1 d$uction1 ga91 loss1 or 
cr$it :i* is d]iv$ 9 ! conduct ( any    
trade or bus9ess 7o!r ?an ! trade or    

bus9ess ( be+ an employee74  7#e7       
,,naics codes ) respect to all =ms &    
s*$ules4  ,ea* ref]5ce to a =m or s*$ule
 9 ?is subsection %all be treat$ z      
includ+ a ref]5ce to any =m or s*$ule   
:i* is a successor or alt]native to su* 
=m or s*$ule4  4  7e7 ,effective date   
7#a7 ,9 g5]al ,except z o!rwise provid$ 
9 ?is subsection1 ! am5dm5ts made by ?is
 section %all take effect z if includ$ 9
 section #bbja ( ! ,taxpay] ,fir/ ,act  
7,public ,law #aaf-be74  7#b7           
,cl>ification reg>d+ c]ta9 bus9ess tax  
return in=mation available = disclosure 
,! am5dm5t made by subsection 7d7 %all  
take effect on ! date :i* is #a ye> aft]
 ! date ( ! enactm5t ( ?is ,act4