1. Short title
This Act may be cited as the “Tax Returns Unveiled to Secure Transparency Act” or the “TRUST Act”.
Tax Returns Unveiled to Secure Transparency Act
A BILL
To amend the Ethics in Government Act of 1978 to require the disclosure of tax returns of candidates for the office of President or Vice President, and for other purposes.
2. Disclosure of tax returns of candidates for the office of President and Vice President
In general— Section 102 of the Ethics in Government Act of 1978 (5 U.S.C. App.) is amended by adding at the end the following:
“(j)
“(1) Any report filed pursuant to section 101(c) by an individual who is a candidate for the office of President or Vice President shall include the individual’s return of Federal income tax for the previous 10 taxable years.
“(2) The Director of the Office of Government Ethics may issue regulations authorizing the redaction of personal information as the Director deems necessary to prevent identity theft or physical danger from disclosure of tax returns required under paragraph (1).
“(3) Not later than 30 days after the date that any tax returns are submitted by an individual pursuant to paragraph (1), the Director shall publish such tax returns on the public Internet website of the Office.”
Disclosure permitted— Section 6103(i) of the Internal Revenue Code of 1986 is amended by adding at the end the following:
“(9) Disclosure of tax returns under the Ethics in Government Act of 1978—The Director of the Office of Government Ethics may publically disclose returns described in section 102(j) of the Ethics in Government Act of 1978 (5 U.S.C. App. 102(j)) to the extent such returns are required to be made available pursuant to such section.”
Application— The amendment made by—
subsection (a) shall apply to any individual who becomes a candidate for the office, or assumes the office, of President or Vice President, after the date of the enactment of this Act; and
subsection (b) shall apply to disclosures made after the date of the enactment of this Act.