Sec. 121. Reports concerning whistleblower awards
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/bill/114/s/3156/pcs/section-121·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 12 months after the date of the enactment of this Act, the Comptroller General shall submit a report to the applicable Congressional committees regarding whether, and to what extent, the Secretary has paid any whistleblower awards for information relating to— violations under the Internal Revenue Code of 1986, or violations of requirements mandated by subchapter II of chapter 53 of title 31, United States Code (commonly known as the Bank Secrecy Act ) relating to the Report of Foreign Bank and Financial Accounts.
Not later than 12 months after the date of the enactment of this Act, the Treasury Inspector General for Tax Administration shall submit a report to the applicable Congressional committees which evaluates whether, and to what extent, the Secretary has asserted penalties for violations of requirements described in subsection (a)(2) in lieu of applicable penalties under the Internal Revenue Code of 1986.