US Congress House Bill 3860 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on September 28 2017 - 25% progression, died in committee
Action: 2017-09-28 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

IRS Data Verification Modernization Act of 2017 This bill requires the Internal Revenue Service (IRS) to implement a program to ensure that disclosures of tax returns or return information by the IRS to a person verifying the income of a taxpayer for a legitimate business purpose are: (1) fully automated and accomplished through the Internet, and (2) accomplished in as close to real-time as is practicable. The IRS must assess and collect a fee for the disclosures described above at rates that are sufficient to recover the costs related to implementing the program not later than five years after the costs are paid or incurred.

IRS Data Verification Modernization Act of 2017

Rep. Patrick McHenry [R-NC]

Rep. Earl Blumenauer [D-OR]

Rep. Nydia Velazquez [D-NY]

Rep. David Schweikert [R-AZ]

Date	Chamber	Action
2017-09-28	House	Referred to the House Committee on Ways and Means.
2017-09-28	House	Introduced in House

SB1958 (Same As) 2017-10-16 - Read twice and referred to the Committee on Finance.
HB7227 (Related) 2018-12-20 - Received in the Senate.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/3860/all-info
Text	https://www.congress.gov/115/bills/hr3860/BILLS-115hr3860ih.pdf