# 119-s-5275: Presidential Tax Accountability and Audit Integrity Act

119-s-5275, Presidential Tax Accountability and Audit Integrity Act, is a 119th Congress bill sponsored by Sen. Wyden, Ron [D-OR] (D-OR); status introduced; PRIA reads it as touching household money (as of 2026-08-26).

- Canonical: https://policyrisk.com/legislation/119-s-5275
- As of: 2026-08-26
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-5275
- Congress: 119
- Title: Presidential Tax Accountability and Audit Integrity Act
- Status: introduced
- Introduced: 2026-08-06
- Sponsor: Sen. Wyden, Ron [D-OR] (D-OR)
- Cosponsors: 4
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-08-26

## Summary

**Prohibits covered instruments that would change federal tax treatment for the President or certain related people.** It would also require fast public reporting and let the IRS extend audit windows for affected cases. - President and related people: Would bar any agreement, order, waiver, release, or instruction that tries to affect a federal tax matter for the President or people related by family or common business control. The rule applies to instruments made while the President is in office and those dated on or after January 20, 2025. - Tax administration and taxpayers: The Secretary would give no effect to covered instruments when enforcing the tax code. The bill would let the IRS report identities and actions quickly, with initial notice within 7 days and then every 30 days until either 3 years after the President’s term ends or the instrument is rescinded. - Congress and public transparency: Changes to disclosure law would allow limited public release of return information as needed to meet the reporting rules and to inform Congress about covered instruments.

## Cosponsors (4)

- Sen. Cantwell, Maria [D-WA] (D-WA), 2026-08-06T00:00:00.000Z
- Sen. Whitehouse, Sheldon [D-RI] (D-RI), 2026-08-06T00:00:00.000Z
- Sen. Luján, Ben Ray [D-NM] (D-NM), 2026-08-06T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2026-08-06T00:00:00.000Z

## Provisions PRIA read

- Longer IRS audit window after presidency: cost, medium. If enacted, the bill would extend the time the IRS can assess or collect taxes for people whose federal taxes were affected by a covered instrument made after January 20, 2025 and before enactment. For those "applicable persons," the assessment or collection period would not expire before the later…
- Ban on tax instruments for President: cost, low. If enacted, the bill would ban and invalidate any “covered instrument” that tries to affect federal tax matters for the President or closely related people. Covered instruments include terms of agreements, waivers, releases, addenda, instructions, and similar documents made while the President is s…
- Public reports on presidential tax deals: cost, low. If enacted, the bill would require the Secretary to report to Congress and the public which taxpayers a covered instrument applies to and what actions the IRS took. The first report must be filed within 7 days after the instrument is entered into (or within 7 days after enactment for instruments al…

## Related bills

- 119-s-51: Washington, D.C. Admission Act
- 119-s-5108: Right to IVF Act of 2026
- 119-s-1503: Equality Act
- 119-s-891: Bipartisan Health Care Act
- 119-s-2295: Child Care for Working Families Act
- 119-s-2377: EACH Act of 2025

## Sources
- [119-s-5275 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/5275)

## Related
- [119-s-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-s-51)
- [119-s-5108: Right to IVF Act of 2026](https://policyrisk.com/legislation/119-s-5108)
- [119-s-1503: Equality Act](https://policyrisk.com/legislation/119-s-1503)
- [119-s-891: Bipartisan Health Care Act](https://policyrisk.com/legislation/119-s-891)
- [119-s-2295: Child Care for Working Families Act](https://policyrisk.com/legislation/119-s-2295)
- [119-s-2377: EACH Act of 2025](https://policyrisk.com/legislation/119-s-2377)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-5275 (as of 2026-08-26).