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Main Subject: Taxation

This bill requires the Internal Revenue Service (IRS) to implement a program to ensure that certain disclosures of tax returns or return information for third-party income verification are (1) fully automated and accomplished through the Internet, and (2) accomplished in as close to real-time as is practicable.

The requirement applies to IRS disclosures of returns or return information to a person verifying the income or creditworthiness of a taxpayer who is a borrower in the process of a loan application.

In implementing the program, the IRS must (1) ensure that the program complies with applicable security standards and guidelines; and (2) assess and collect a fee for the disclosures at rates that are sufficient to cover the costs related to implementing the program, including the costs of necessary infrastructure or technology.

HR3151-116, S928-116, S1100-116, HR1957-116,

House floor actions Actions

IntroReferral
Apr. 01 2019	Referred to the House Committee on Ways and Means.

Library of Congress Actions

IntroReferral
Apr. 01 2019	Introduced in House Introduced in House

House bill HR2007-116

To require the Secretary of the Treasury to establish a program for the automated disclosure of taxpayer information for third-party income verification, and for other purposes.

House bill HR2007-116

To require the Secretary of the Treasury to establish a program for the automated disclosure of taxpayer information for third-party income verification, and for other purposes.

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