To amend the Internal Revenue Code of 1986 to allow the disclosure of certain business tax return information to the Bureau of Economic Analysis and the Bureau of Labor Statistics for certain statistical purposes.
Latest Action
Referred to the House Committee on Ways and Means.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™This bill proposes an amendment to the Internal Revenue Code of 1986 to permit the disclosure of certain business tax return information to the Bureau of Economic Analysis (BEA) and the Bureau of Labor Statistics (BLS). The purpose of this disclosure is to enable these agencies to use the data for specific statistical purposes. The bill was introduced in the House and referred to the House Committee on Ways and Means but did not advance further and is currently classified as failed or expired. No full text or detailed summary is available.
The bill aimed to enhance economic and labor statistics by allowing limited sharing of business tax return data with federal statistical agencies but did not progress beyond committee referral.
- Amends the Internal Revenue Code of 1986 to allow disclosure of certain business tax return information.
- Specifically authorizes sharing data with the Bureau of Economic Analysis and the Bureau of Labor Statistics.
- Intended use is limited to certain statistical purposes as defined by the bill.
- Referred to the House Committee on Ways and Means on December 20, 2024.
- The bill status is failed or expired, indicating no further legislative action occurred.
['Bureau of Economic Analysis (BEA)', 'Bureau of Labor Statistics (BLS)', 'Federal statistical agencies relying on business tax data', 'Researchers and policymakers using economic and labor statistics']
['The bill text is not available, limiting assessment of specific data privacy and security safeguards.', 'Potential challenges in balancing taxpayer confidentiality with statistical data needs.', 'Oversight mechanisms for data use and disclosure are not detailed in the available information.', 'Implementation costs and administrative burden on the IRS and recipient agencies are unclear.']
The bill was introduced in the 118th Congress and referred to the House Committee on Ways and Means, a key committee for tax legislation. The lack of further action and its failed or expired status indicate it did not advance through the legislative process. The proposal fits within ongoing efforts to improve federal economic and labor data collection and analysis.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['Improved access to detailed business tax data could enhance the accuracy and granularity of economic and labor statistics produced by BEA and BLS.', 'Potential increased administrative workload for the IRS in managing data disclosures.', 'Possible public concern or reduced trust in tax confidentiality if data sharing is perceived as insufficiently protected.']
Transparency is limited by the absence of the full bill text and official summary, restricting detailed analysis of data protection measures and oversight. The bill's referral to the House Ways and Means Committee aligns with its tax-related content, but its failure to advance suggests unresolved issues or competing priorities. Monitoring future proposals on tax data sharing should focus on explicit privacy safeguards and accountability frameworks.
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