S.Amdt. 5767

SA 5767. Mr. SCHIFF submitted an amendment intended to be proposed by
him to the bill S. 2, to provide for reconciliation pursuant to title
II of S. Con. Res. 33.; which was ordered to lie on the table; as
follows:

At the appropriate place, insert the following:

SEC. ___. RULES RELATED TO AGREEMENTS WITH THE PRESIDENT.

(a) Conduct of Litigation Reserved to DOJ.--Section 516 of
title 28, United States Code, is amended by adding at the end
the following: ``The authority of the Attorney General and
the Department of Justice to conduct litigation pursuant to
this section shall not apply to any offer of compromise or
settlement agreement in the case of any return of tax of the
President or any member of the immediate family of the
President which was filed during the President's term in
office.''.
(b) Extension of Statute of Limitations.--Section 6501(c)
of the Internal Revenue Code of 1986 is amended by adding at
the end the following new paragraph:
``(13) Returns of the president subject to closing
agreements.--In the case of any return of tax of the
President or any member of the immediate family of the
President, the period for assessment, or for bringing a
proceeding in court for collection of such tax, may be begun
at any time before the date that is 3 years after the
conclusion of the term in office as President.''.
(c) Effective Date.--The amendments made by this section
shall apply with respect to any case or cause of action
arising on or after January 20, 2025.
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