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119-hr-10060119th CongressWALLET

Presidential Tax Accountability and Audit Integrity Act

Sponsored By: Representative Neal, Richard E. [D-MA-1]

Introduced

Summary

Would bar the Treasury Secretary from recognizing any agreements, waivers, releases, addenda, instructions, or similar instruments that affect the President’s federal tax matters while the President serves. It would also require public reporting and expand disclosure rules so Congress and the public can see which taxpayers and IRS actions are involved.

Show full summary
  • Defines who is a “related person” to include family members and persons or businesses under common control. This narrows who counts for the rule that blocks covered instruments.
  • Extends assessment windows for affected taxpayers. For people whose taxes are affected by instruments made after January 20, 2025, the IRS could not assess or begin collection until at least three years after the President’s term ends.
  • Requires fast, recurring public reporting. The IRS would identify taxpayers subject to a covered instrument and describe actions taken not later than 7 days after an instrument and then every 30 days until rescission or up to 3 years after the President’s term ends.
  • Changes tax privacy rules. The bill would add a disclosure rule to Section 6103 allowing limited public release of return information as needed to meet the reporting requirements.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 1 costs, 1 mixed.

Ban on tax deals for the President

This bill would define "covered instruments" as agreements, waivers, releases, addenda, instructions, or similar documents that affect Federal tax matters for the President and certain closely related people. It would prohibit the Treasury or IRS from entering into, granting, or giving effect to those covered instruments while the person is serving as President. The bill would also say that nothing here creates any inference that a covered instrument is otherwise valid or enforceable.

Public reporting and longer audit window

This bill would require the IRS to report to Congress and publicly name taxpayers covered by a covered instrument within 7 days, and then every 30 days while the instrument remains in effect. It would change tax secrecy rules so the IRS can disclose return information to the public as needed to make those reports after enactment. For taxpayers affected by covered instruments made after January 20, 2025 and before enactment, the bill would also stop the normal audit or collection statute from expiring until the later of three years after the President leaves office or the usual deadline under current law.

Sponsors & CoSponsors

Sponsor

Neal, Richard E. [D-MA-1]

MA • D

Cosponsors

  • Rep. Doggett, Lloyd [D-TX-37]

    TX • D

    Sponsored 8/6/2026

  • Rep. Thompson, Mike [D-CA-4]

    CA • D

    Sponsored 8/6/2026

  • Rep. Larson, John B. [D-CT-1]

    CT • D

    Sponsored 8/6/2026

  • Rep. Davis, Danny K. [D-IL-7]

    IL • D

    Sponsored 8/6/2026

  • Rep. Sánchez, Linda T. [D-CA-38]

    CA • D

    Sponsored 8/6/2026

  • Rep. Sewell, Terri A. [D-AL-7]

    AL • D

    Sponsored 8/6/2026

  • Rep. DelBene, Suzan K. [D-WA-1]

    WA • D

    Sponsored 8/6/2026

  • Rep. Chu, Judy [D-CA-28]

    CA • D

    Sponsored 8/6/2026

  • Rep. Moore, Gwen [D-WI-4]

    WI • D

    Sponsored 8/6/2026

  • Rep. Boyle, Brendan F. [D-PA-2]

    PA • D

    Sponsored 8/6/2026

  • Rep. Beyer, Donald S. [D-VA-8]

    VA • D

    Sponsored 8/6/2026

  • Rep. Evans, Dwight [D-PA-3]

    PA • D

    Sponsored 8/6/2026

  • Rep. Schneider, Bradley Scott [D-IL-10]

    IL • D

    Sponsored 8/6/2026

  • Rep. Panetta, Jimmy [D-CA-19]

    CA • D

    Sponsored 8/6/2026

  • Rep. Gomez, Jimmy [D-CA-34]

    CA • D

    Sponsored 8/6/2026

  • Rep. Horsford, Steven [D-NV-4]

    NV • D

    Sponsored 8/6/2026

  • Del. Plaskett, Stacey E. [D-VI-At Large]

    VI • D

    Sponsored 8/6/2026

  • Rep. Suozzi, Thomas R. [D-NY-3]

    NY • D

    Sponsored 8/6/2026

Roll Call Votes

No roll call votes available for this bill.

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