Presidential Tax Accountability and Audit Integrity Act

S. 5275, the Presidential Tax Accountability and Audit Integrity Act, would amend the Internal Revenue Code to bar the IRS from entering into or honoring any order, agreement, waiver, release, or similar instrument that purports to affect the federal tax treatment of a sitting President, the President's close relatives, or related businesses. The prohibition would apply to such instruments made at any point on or after January 20, 2025, including before the bill's enactment. It would also extend the statute of limitations for assessing or collecting taxes affected by any such instrument until three years after the President's term ends, and require the Treasury Secretary to publicly report, within 7 days and every 30 days afterward, the identities of affected taxpayers and any compliance actions taken.

The bill directly affects the President, individuals related to the President under existing tax-code family and business-relationship definitions, and the IRS, which would lose authority to grant or apply covered tax arrangements to those individuals. It does not change tax law for the general public.

The bill was introduced in the Senate on August 6, 2026, by Senator Ron Wyden with four cosponsors, and referred to the Senate Committee on Finance. It would need committee action, floor votes in both chambers, and the President's signature (or a veto override) to become law.

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