Text of Senate Amendment 5767

On 2026-06-04, Senator Adam B. Schiff (D-CA) delivered a floor speech titled "Text Of Senate Amendment 5767" in the Senate.

Text of Senate Amendment 5767

Congressional Record, Volume 172 Issue 95 (Thursday, June 4, 2026) [Congressional Record Volume 172, Number 95 (Thursday, June 4, 2026)] [Senate] [Page S2621] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] SA 5767. Mr. SCHIFF submitted an amendment intended to be proposed by him to the bill S. 2, to provide for reconciliation pursuant to title II of S. Con. Res. 33.; which was ordered to lie on the table; as follows: At the appropriate place, insert the following: SEC. ___. RULES RELATED TO AGREEMENTS WITH THE PRESIDENT. (a) Conduct of Litigation Reserved to DOJ.--Section 516 of title 28, United States Code, is amended by adding at the end the following: ``The authority of the Attorney General and the Department of Justice to conduct litigation pursuant to this section shall not apply to any offer of compromise or settlement agreement in the case of any return of tax of the President or any member of the immediate family of the President which was filed during the President's term in office.''. (b) Extension of Statute of Limitations.--Section 6501(c) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: ``(13) Returns of the president subject to closing agreements.--In the case of any return of tax of the President or any member of the immediate family of the President, the period for assessment, or for bringing a proceeding in court for collection of such tax, may be begun at any time before the date that is 3 years after the conclusion of the term in office as President.''. (c) Effective Date.--The amendments made by this section shall apply with respect to any case or cause of action arising on or after January 20, 2025. ______