A bill to amend the Internal Revenue Code of 1986 to increase criminal and civil penalties for unauthorized disclosure of taxpayer information, and for other purposes.

This bill would increase criminal and civil penalties for the unauthorized disclosure of taxpayer information under the Internal Revenue Code. It raises fines from $5,000 to $250,000 and potential imprisonment from up to 5 years to up to 7 years for individuals who improperly disclose tax returns or return information. The bill also creates a new felony offense for IRS contractors who willfully fail to safeguard taxpayer data, subjecting them to fines of up to $500,000 or 25% of their IRS contract obligations, and expands taxpayer notification requirements when such breaches occur. These changes apply to disclosures or inspections made after the bill’s enactment.

No official summary is available here. This one was written by AI from the bill’s text.