Stop CHEATERS Act
Latest action · Feb 22, 2021 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 22, 2021
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Stop Corporations and High Earners from Avoiding Taxes and Enforce the Rules Strictly Act or the Stop CHEATERS Act
This bill provides additional appropriations through FY2031 for the enforcement activities of the Internal Revenue Service and to increase audits yearly until 2025 to reach specified targets. It also provides additional appropriations for taxpayer services and operations support.
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 taxpayers with a taxable income greater than $5 million.
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from Mar 1, 2021 to May 17, 2021.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-PA | Brendan F. Boyle | Mar 1, 2021 | |
| D-AZ | Raúl M. Grijalva | Mar 1, 2021 | |
| D-TX | Lloyd Doggett | Mar 16, 2021 | |
| D-NJ | Josh Gottheimer | Apr 5, 2021 | |
| D-MA | Jake Auchincloss | Apr 19, 2021 | |
| D-DC | Eleanor Holmes Norton | May 17, 2021 | |
| D-IL | Marie Newman | May 17, 2021 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Feb 22, 2021 |
Actions 2
Everything that happened, newest first.
- Feb 22, 2021Introduced in House
- Feb 22, 2021Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 167, no. 33, February 22, 2021, page H549.
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To provide appropriations for the Internal Revenue Service to overhaul technology and strengthen enforcement, and for other purposes.
- Short Title(s) as Introduced
- Stop CHEATERS Act
- Stop Corporations and High Earners from Avoiding Taxes and Enforce the Rules Strictly Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Accounting and auditing
- Administrative remedies
- Appropriations
- Bank accounts, deposits, capital
- Business records
- Congressional oversight
- Debt collection
- Department of the Treasury
- Executive agency funding and structure
- Fraud offenses and financial crimes
- Government information and archives
- Income tax rates
- Internal Revenue Service (IRS)
- Performance measurement
- Tax administration and collection, taxpayers
- Taxation
- Wages and earnings
Text 1
Each version as it was printed, newest first.
- Feb 22, 2021Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
