A bill to amend the Internal Revenue Code of 1986 to prohibit orders or agreements relating to the release of tax claims by the President and related persons, and for other purposes.
About This Bill
Committee
Latest Action · August 6, 2026
Read twice and referred to the Committee on Finance.
This bill prohibits the President and the Treasury Secretary from entering into or enforcing any tax agreements, orders, waivers, or releases that affect the tax matters of the President, their family members, or related business entities. The prohibition applies to any such agreements made while the President is in office and also retroactively covers any agreements made starting January 20, 2025. The bill requires the Treasury Secretary to publicly report within seven days of any covered instrument being created, and then every 30 days for up to three years after the President leaves office, disclosing which taxpayers are affected and what enforcement actions are being taken. The bill also extends the statute of limitations for assessing taxes on affected parties for three years after the President's term ends, giving tax authorities more time to pursue collections. This legislation is intended to ensure that Presidents and their associates cannot obtain special tax treatment or avoid audits through secret deals with the IRS.
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