About the bill
Republican presidential nominee Donald Trump has refused to release his tax returns, making him the first major-party nominee since Richard Nixon in 1972 not to do so. Three bills introduced in Congress, mostly by Democrats, would require both the major-party nominees for president from now on to release their tax returns. All three bills — H.R. 5386, S. 2979, andS. 3348 — are titled the Presidential Tax Transparency Act
The context
Although Trump has claimed his returns are currently under audit and so cannot be made public (though the IRS said an audit did not prevent Trump from releasing his returns anyway), many speculate that Trump may be withholding the information because he pays little to no federal income taxes — as leaked pages from his …
Sponsor and status
114th Congress (2015–2017)
This bill was introduced on June 7, 2016, in a previous session of Congress, but it did not receive a vote.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
39 Cosponsors (37 Democrats, 2 Republicans)
History
|
Jun 7, 2016
|
|
Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber. |
|
Jan 5, 2017
|
|
Reintroduced Bill —
Introduced
This activity took place on a related bill, H.R. 305 (115th). |
|
Jan 19, 2021
|
|
Reintroduced Bill —
Introduced
This activity took place on a related bill, H.R. 347 (117th). |
|
Feb 9, 2023
|
|
Reintroduced Bill —
Introduced
This activity took place on a related bill, H.R. 908. |
H.R. 5386 (114th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 5386. This is the one from the 114th Congress.
This bill was introduced in the 114th Congress, which met from Jan 6, 2015 to Jan 3, 2017. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
“H.R. 5386 — 114th Congress: Presidential Tax Transparency Act.” www.GovTrack.us. 2016. September 28, 2023 <https://www.govtrack.us/congress/bills/114/hr5386>
- show another citation format:
- APA
- Blue Book
- Wikipedia Template
Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.
