H.R. 5420

To amend the Internal Revenue Code of 1986 to permit the release of information regarding the status of certain investigations.

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IIB

113th CONGRESS

2d Session

H. R. 5420

IN THE SENATE OF THE UNITED STATES

September 17 (legislative day, September 16), 2014

Received; read twice and referred to the Committee on Finance

AN ACT

To amend the Internal Revenue Code of 1986 to permit the release of information regarding the status of certain investigations.

1.

Release of information regarding the status of certain investigations

(a)

In general

Section 6103(e) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:

(11)

Disclosure of information regarding status of investigation of violation of this section

In the case of a person who provides to the Secretary information indicating a violation of section 7213, 7213A, or 7214 with respect to any return or return information of such person, the Secretary may disclose to such person (or such person’s designee)—

(A)

whether an investigation based on the person’s provision of such information has been initiated and whether it is open or closed,

(B)

whether any such investigation substantiated such a violation by any individual, and

(C)

whether any action has been taken with respect to such individual (including whether a referral has been made for prosecution of such individual).

.

(b)

Effective date

The amendment made by this section shall take effect on the date of the enactment of this Act.

Passed the House of Representatives September 16, 2014.

Karen L. Haas,

Clerk