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Public Disclosure of Tax Returns for President, VP, and Congress

This new law mandates the public disclosure of tax returns for the President, Vice President, Members of Congress, and candidates for these offices. Its aim is to enhance financial transparency for individuals holding significant public positions. Citizens will gain access to information regarding the income and taxes of their representatives.
Key points
The President, Vice President, Members of Congress, and candidates for these offices will be required to publicly disclose their tax returns.
Tax returns from the past seven years will be disclosed.
Sensitive information such as Social Security numbers, financial account numbers, names of individuals under 18, or exact home addresses (excluding city and state) will not be disclosed.
Information will be made publicly available within specific timeframes after candidacy declaration or assuming office.
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Expired
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Additional Information
Print number: 117_HR_664
Sponsor: Rep. Posey, Bill [R-FL-8]
Process start date: 2021-02-01
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Tax Transparency Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_664.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-01.

What are the main provisions?

Key points include:

  • The President, Vice President, Members of Congress, and candidates for these offices will be required to publicly disclose their tax returns.
  • Tax returns from the past seven years will be disclosed.
  • Sensitive information such as Social Security numbers, financial account numbers, names of individuals under 18, or exact home addresses (excluding city and state) will not be disclosed.
  • Information will be made publicly available within specific timeframes after candidacy declaration or assuming office.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Posey, Bill [R-FL-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Courts and Law