# 119-s-5143: A bill to amend the Internal Revenue Code of 1986 to modify procedural requirements for penalties and disallowance periods.

119-s-5143, A bill to amend the Internal Revenue Code of 1986 to modify procedural requirements for penalties and disallowance periods., is a 119th Congress bill sponsored by Sen. Bennet, Michael F. [D-CO] (D-CO); status introduced; PRIA reads it as touching household money (as of 2026-09-30).

- Canonical: https://policyrisk.com/legislation/119-s-5143
- As of: 2026-09-30
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-5143
- Congress: 119
- Title: A bill to amend the Internal Revenue Code of 1986 to modify procedural requirements for penalties and disallowance periods.
- Status: introduced
- Introduced: 2026-07-28
- Sponsor: Sen. Bennet, Michael F. [D-CO] (D-CO)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-30

## Summary

**Written supervisory approval before IRS penalties or credit disallowances take effect.** The bill would require a supervisor or the IRS Office of Servicewide Penalties to sign off in writing, in electronic form, before a penalty or a credit disallowance period can be assessed. It would also create a formal "Disallowance Period" for credits under sections 24, 25A, and 32 and add public reporting on penalties.

## Provisions PRIA read

- New IRS sign-off for taxpayer penalties: benefit, low. If enacted, the bill would require written electronic approval before the IRS applies many penalties or credit disallowance periods. Approval must come from the decision maker's immediate supervisor or the IRS Office of Servicewide Penalties. The approval must be obtained on or before the date the…

## Related bills

- 119-s-2120: Older Americans Act Reauthorization Act of 2025
- 119-s-5071: Children's Safe Welcome Act of 2026
- 119-s-5022: Cannabis Administration and Opportunity Act
- 119-s-5283: Momnibus Act
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2823: FAMILY Act

## Sources
- [119-s-5143 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/5143)

## Related
- [119-s-2120: Older Americans Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2120)
- [119-s-5071: Children's Safe Welcome Act of 2026](https://policyrisk.com/legislation/119-s-5071)
- [119-s-5022: Cannabis Administration and Opportunity Act](https://policyrisk.com/legislation/119-s-5022)
- [119-s-5283: Momnibus Act](https://policyrisk.com/legislation/119-s-5283)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-5143 (as of 2026-09-30).