A senate committee must act next: committee consideration.
Legislative Progress
Senate
House
President
Law
Could go either way
The bill has strong bipartisan support from senior members of both parties. However, as a reporting requirement bill, it may not be a top legislative priority.
Key Points
The bill requires the Treasury Department to give Congress a yearly report on how the IRS is fighting tax fraud. This includes tracking identity theft and fake refund claims to see how much money is being lost or saved.
The IRS would have to share details about how it works with tax software companies and other partners to spot threats. It must also report on interactions with companies that do not currently participate in the official government-industry security group.
The government would be required to study why tax laws are so complicated. This analysis aims to find parts of the tax code that are hard for people to follow or difficult for the IRS to manage.
Most of the data collected about fraud trends and tax system problems would be posted on the IRS website for the public to see. This is intended to make the agency more transparent about how it protects taxpayer money.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
Jul 22, 2026Senate
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Jul 22, 2026
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
No votes, news coverage, or related bills recorded for this bill yet.
Source Information
Document Type
Congressional Bill
Official Title
Tax Complexity and Fraud Prevention Review Act
Bill NumberS 5073
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Finance.
