,,ii  #aahth ,,congress  #ast ,session  
,s4 #biha  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #bh 
7legislative day1 ,september #bb71      
#bjbc,mr4 ,lankford introduced the      
following bill2 which was read twice and
 referred to the ,committee on ,homeland
 ,security and ,governmental ,affairs   
,a ,,bill  ,to require review of tax    
regulatory actions by the ,office of    
,information and ,regulatory ,affairs1  
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,,irs ,accountability and ,transparency 
,act4  #b4 ,,oira review of tax         
regulatory actions ,section #eec of     
title #e1 ,united ,states ,code1 is     
amended by adding at the end the        
following3  7f7 7#a7 ,in this           
subsection-- 7,a7 the term regulatory   
action means any substantive action by  
an agency 7normally published in the    
,federal ,register7 that promulgates or 
is expected to lead to the promulgation 
of a final rule1 including notices of   

inquiry1 advance notices of proposed    
rulemaking1 and notices of proposed     
rulemaking2 and  7,b7 the term tax      
regulatory action means a regulatory    
action issued by the ,internal ,revenue 
,service1 whether pursuant to the       
,internal ,revenue ,code of #aihf or    
with respect to any other ,united       
,states ,federal income1 excise1 estate1
 gift1 or employment tax1 that may-- 7i7
 create a serious consistency or        
otherwise interfere with an action taken
 or planned by another agency2  7ii7    
raise novel legal or policy issues1 such
 as by prescribing a rule of conduct    
backed by an assessable payment2 or     
7iii7 have an annual non-revenue effect 
on the economy of #ajj1jjj1jjj or more1 
measured against a no-action baseline4  
7#b7 ,each tax regulatory action shall  
be subject to review by the ,office of  
,information and ,regulatory ,affairs1  
including compliance under section #f of
 ,executive ,order #abhff 7#e ,u4,s4,c4 
#fja note2 relating to regulatory       

planning and review74  4