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- S.1788
S.1788: Restoring the IRS Act
About This Bill
- Introduced May 24, 2021
- Latest Major Action May 24, 2021
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - May 24, 2021
Bill Summary
Restoring the IRS Act This bill provides additional appropriations after FY2021 for the expenses of the Internal Revenue Service (IRS) for taxpayer services, enforcement activities, and business systems modernization. The bill establishes new reporting requirements for certain banks or other financial institutions and increases enforcement penalties for accuracy-related underpayments of tax up to a maximum of 40% of the underpayment for...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 24, 2021 |
Read twice and referred to the Committee on Finance.
|
| May 24, 2021 |
Introduced in the Senate by Elizabeth Warren (D-Mass.) |