Summary

Requires the Treasury Department and IRS to examine Presidents' income tax returns quickly and publish the returns, audit reports, and many related audit materials online with limited redactions. Also obligates Presidents (and certain Presidential candidates/major‑party nominees) to file and make public the three most recent years of federal income tax returns, creates procedures for sharing returns with ethics and election agencies, and adds criminal‑falsification language for disclosure failures.

• Treasury/IRS must examine Presidential tax returns quickly and issue an initial report within 90 days of filing.
• Auditors must publish periodic (every 180 days) and final reports, plus an extension decision report, and post returns and many audit materials online.
• Public disclosure of Presidential returns and audit materials is allowed with narrow redactions (no SSNs, detailed addresses, under‑18 names, Treasury employee names, or account numbers).
• Presidents and covered Presidential candidates must file copies of the three most recent years' federal returns with designated reports; major‑party nominees must amend FEC reports within 15 days of nomination.
• Treasury may share return information with the Office of Government Ethics and the FEC; those agencies must publish the returns after redaction.
• Failure to disclose or falsification is tied into existing criminal provisions for Title 5 reporting.
• Changes to the Internal Revenue Code are made to permit the required disclosures and public posting.
• Provisions apply to returns, amendments, supplements, and failures to file that occur after the law takes effect.