Presidential Audit and Tax Transparency Act

# Presidential Audit and Tax Transparency Act Summary **What the Bill Would Do:** This bill would require the IRS to conduct annual audits of sitting presidents and vice presidents and make certain audit results public. The legislation aims to ensure that the nation's top two elected officials are subject to the same tax scrutiny as other high-income individuals, and to provide transparency about their tax filings to the American public. **Who It Affects:** Primarily, this bill targets sitting presidents and vice presidents. It could also affect the IRS, which would need to allocate resources to conduct these mandatory annual audits.

Indirectly, it relates to broader questions about financial disclosure and accountability for elected officials. **Current Status:** The bill (S. 588) was introduced in the 119th Congress by Senator Ron Wyden (D-OR) and is currently in committee, meaning it has not yet advanced to a full Senate vote. No action has been taken at this time.