I 
117TH CONGRESS 
1ST SESSION 
H. R. 347 
To amend the Internal Revenue Code of 1986 to require the disclosure 
of tax returns of Presidents and Vice Presidents and certain candidates 
for President and Vice President, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 19, 2021 
Ms. ESHOO (for herself and Mr. PASCRELL) introduced the following bill; 
which was referred to the Committee on Ways and Means, and in addi-
tion to the Committee on House Administration, for a period to be subse-
quently determined by the Speaker, in each case for consideration of such 
provisions as fall within the jurisdiction of the committee concerned 
A BILL 
To amend the Internal Revenue Code of 1986 to require 
the disclosure of tax returns of Presidents and Vice 
Presidents and certain candidates for President and Vice 
President, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Presidential Tax 
Transparency Act’’. 
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SEC. 2. PRESIDENTIAL AND VICE PRESIDENTIAL TAX 
TRANSPARENCY. 
(a) DEFINITIONS.—In this section— 
(1) The term ‘‘covered candidate’’ means a can-
didate of a major party in a general election for the 
office of President or Vice President. 
(2) The term ‘‘major party’’ has the meaning 
given the term in section 9002 of the Internal Rev-
enue Code of 1986. 
(3) The term ‘‘income tax return’’ means, with 
respect to an individual, any return (as such term is 
defined in section 6103(b)(1) of the Internal Rev-
enue Code of 1986, except that such term shall not 
include declarations of estimated tax) of— 
(A) such individual, other than information 
returns issued to persons other than such indi-
vidual; or 
(B) of any corporation, partnership, or 
trust in which such individual holds, directly or 
indirectly, a significant interest as the sole or 
principal owner or the sole or principal bene-
ficial owner (as such terms are defined in regu-
lations prescribed by the Secretary of the 
Treasury or his delegate). 
(4) The term ‘‘Secretary’’ means the Secretary 
of the Treasury or the delegate of the Secretary. 
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(b) DISCLOSURE.— 
(1) IN GENERAL.— 
(A) CANDIDATES
FOR
PRESIDENT
AND 
VICE PRESIDENT.—Not later than the date that 
is 15 days after the date on which an individual 
becomes a covered candidate, the individual 
shall submit to the Federal Election Commis-
sion a copy of the individual’s income tax re-
turns for the 10 most recent taxable years for 
which a return has been filed with the Internal 
Revenue Service. 
(B) PRESIDENT AND VICE PRESIDENT.— 
With respect to an individual who is the Presi-
dent or Vice President, not later than the due 
date for the return of tax for each taxable year, 
such individual shall submit to the Federal 
Election Commission a copy of the individual’s 
income tax returns for the taxable year and for 
the 9 preceding taxable years. 
(C) TRANSITION RULE FOR SITTING PRESI-
DENTS AND VICE PRESIDENTS.—Not later than 
the date that is 30 days after the date of enact-
ment of this section, an individual who is the 
President or Vice President on such date of en-
actment shall submit to the Federal Election 
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Commission a copy of the income tax returns 
for the 10 most recent taxable years for which 
a return has been filed with the Internal Rev-
enue Service. 
(2) FAILURE
TO
DISCLOSE.—If any require-
ment under paragraph (1) to submit an income tax 
return is not met, the chairman of the Federal Elec-
tion Commission shall submit to the Secretary a 
written request that the Secretary provide the Fed-
eral Election Commission with the income tax re-
turn. 
(3) PUBLICLY
AVAILABLE.—The chairman of 
the Federal Election Commission shall make publicly 
available each income tax return submitted under 
paragraph (1) in the same manner as a return pro-
vided under section 6103(l)(23) of the Internal Rev-
enue Code of 1986 (as added by this section). 
(4) TREATMENT
AS
A
REPORT
UNDER
THE 
FEDERAL ELECTION CAMPAIGN ACT OF 1971.—For 
purposes of the Federal Election Campaign Act of 
1971, any income tax return submitted under para-
graph (1) or provided under section 6103(l)(23) of 
the Internal Revenue Code of 1986 (as added by 
this section) shall, after redaction under paragraph 
(3) or subparagraph (B)(ii) of such section, be treat-
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ed as a report filed under the Federal Election Cam-
paign Act of 1971. 
(c) DISCLOSURE OF RETURNS OF PRESIDENTS AND 
VICE
PRESIDENTS
AND
CERTAIN
CANDIDATES
FOR 
PRESIDENT AND VICE PRESIDENT.— 
(1) IN GENERAL.—Section 6103(l) of the Inter-
nal Revenue Code of 1986 is amended by adding at 
the end the following new paragraph: 
‘‘(23) DISCLOSURE OF RETURN INFORMATION 
OF PRESIDENTS AND VICE PRESIDENTS AND CER-
TAIN CANDIDATES FOR PRESIDENT AND VICE PRESI-
DENT.— 
‘‘(A) IN GENERAL.—Upon written request 
by the chairman of the Federal Election Com-
mission under section 2(b)(2) of the Presi-
dential Tax Transparency Act, not later than 
the date that is 15 days after the date of such 
request, the Secretary shall provide copies of 
any return which is so requested to officers and 
employees of the Federal Election Commission 
whose official duties include disclosure or redac-
tion of such return under this paragraph. 
‘‘(B) DISCLOSURE TO THE PUBLIC.— 
‘‘(i) IN GENERAL.—The chairman of 
the Federal Election Commission shall 
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make publicly available any return which is 
provided under subparagraph (A). 
‘‘(ii) REDACTION OF CERTAIN INFOR-
MATION.—Before making publicly available 
under clause (i) any return, the chairman 
of the Federal Election Commission shall 
redact such information as the Federal 
Election Commission and the Secretary 
jointly determine is necessary for pro-
tecting against identity theft, such as so-
cial security numbers.’’. 
(2) 
CONFORMING
AMENDMENTS.—Section 
6103(p)(4) of such Code is amended— 
(A) in the matter preceding subparagraph 
(A) by striking ‘‘or (22)’’ and inserting ‘‘(22), 
or (23)’’; and 
(B) in subparagraph (F)(ii) by striking ‘‘or 
(22),’’ and inserting ‘‘(22), or (23)’’. 
(3) EFFECTIVE DATE.—The amendments made 
by this subsection shall apply to disclosures made on 
or after the date of enactment of this Act. 
Æ 
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