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Mandatory Public Disclosure of Tax Returns for Presidents and Candidates

This law mandates that the President, Vice President, and major party candidates publicly release their income tax returns. Citizens will gain transparency into the financial dealings and potential conflicts of interest of their leaders, as 10 years of tax records will be made available through the Federal Election Commission (FEC). This aims to enhance public accountability and trust in high office.
Key points
Requires the President, Vice President, and major party candidates to disclose 10 years of income tax returns.
The disclosed information, including returns from key corporations or trusts owned by the official, will be made publicly available by the Federal Election Commission (FEC).
If an official fails to comply, the FEC is authorized to request the returns directly from the IRS, ensuring enforcement.
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Expired
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Additional Information
Print number: 118_HR_908
Sponsor: Rep. Eshoo, Anna G. [D-CA-16]
Process start date: 2023-02-09
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Presidential Tax Transparency Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_908.

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 2023-02-09.

What are the main provisions?

Key points include:

  • Requires the President, Vice President, and major party candidates to disclose 10 years of income tax returns.
  • The disclosed information, including returns from key corporations or trusts owned by the official, will be made publicly available by the Federal Election Commission (FEC).
  • If an official fails to comply, the FEC is authorized to request the returns directly from the IRS, ensuring enforcement.
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. Eshoo, Anna G. [D-CA-16].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Courts and Law