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U.S. GOVERNMENT
INFORMATION 4
119TH CONGRESS REPORT
2nd Session J HOUSE OF REPRESENTATIVES 119-427
TAXPAYER NOTIFICATION AND PRIVACY ACT
JANUARY 7, 2026.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. SMITH of Missouri, from the Committee on Ways and Means,
submitted the following
REPORT
[To accompany H.R. 6495]
The Committee on Ways and Means, to whom was referred the
bill (H.R. 6495) to amend the Internal Revenue Code of 1986 to
provide for specific taxpayer notice when information is sought
from third parties, having considered the same, reports favorably
thereon with an amendment and recommends that the bill as
amended do pass.
CONTENTS
Page
I. SUMMARY AND BACKGROUND ................................................................. 2
A. Purpose and Sum m ary ......................................................................... 2
B. Background and Need for Legislation ................................................ 2
C . Legislative H istory ............................................................................... 3
D . D esignated H earing .............................................................................. 3
II. EXPLANATION OF THE BILL ..................................................................... 3
A. Specificity of Third-Party Contact Notices ................... 3
B. Explanation of Provisions .................................................................... 5
C . E ffective D ate ....................................................................................... 5
III. VOTE OF COM M ITTEE .................................................................................. 6
IV. BUDGET EFFECTS OF THE BILL ............................................................... 6
A. Committee Estimate of Budgetary Effects ................... 6
B. Statement Regarding New Budget Authority and Tax Expendi-
tures Budget Authority ...................................................................... 6
C. Cost Estimate Prepared by the Congressional Budget Office ........... 7
V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF THE
H O U SE .......................................................................................................... 7
A. Committee Oversight Findings and Recommendations .................... 7
B. Statement of General Performance Goals and Objectives ................ 7
C. Applicability of House Rule XXI, Clause 5(b) ................. 7
D. Information Relating to Unfunded Mandates ................. 7
E. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff
B en efits .............................................................................................. . 7
F. Duplication of Federal Program s ......................................................... 8
G. Tax Com plexity Analysis ..................................................................... 8
VI. CHANGES IN EXISTING LAW MADE BY THE BILL, AS REPORTED 8
69-006](ViewImageLocal?handle=hein.congrecreports/crptxahxz0001&div=1&collection=&method=preview&ext=.png&size=3)