Presidential Tax Accountability and Audit Integrity Act

Key Provisions

• The Treasury Secretary would not be allowed to make or accept any special tax deals for the President, their family, or related businesses while the President is in office. The Secretary also could not use these deals when collecting taxes.
• A "special tax deal" means any agreement or order that affects federal taxes for the President or their close contacts. These are deals made while the President is serving.
• The Treasury Secretary would have to tell Congress and the public about any special tax deals. They would also report on what steps are taken to collect taxes from those involved.
• These public reports would start within 7 days of a deal (or 7 days after the bill becomes law for older deals). They would continue every 30 days until three years after the President leaves office, or until the deal is canceled.
• The bill would change tax privacy rules. This would allow the Treasury to share tax information with the public when needed to meet the new reporting rules.