S. 4298In committeeJobs & the economy
Senate bill targets IRS funding for wealthy audits
Data as of July 11, 2026
The Stop CHEATERS Act would fund the IRS from 2026–2031 to boost tax enforcement, with a focus on high earners and large corporations.50-second read · 5 questions answered below
Decoded
What does this do?
This bill would provide the IRS with additional funding over six years, from 2026 to 2031. The money would go toward four areas: collecting unpaid taxes and conducting audits and criminal investigations, helping taxpayers understand their obligations, updating computer systems to better detect fraud, and modernizing core business software.
Who does it affect?
The IRS would carry out the new work, with a directed focus on high-income individuals and large corporations rather than ordinary wage earners. The IRS Commissioner would report to Congress every two years on progress, and the Treasury Inspector General would independently review those results.
Why does it matter?
If passed, the IRS would have more resources to pursue unpaid taxes and update aging technology systems. Audits and enforcement would be aimed more at high-income filers and large corporations under the bill's direction.
What does it cost, and who pays?
- IRS gets extra funding 2026–2031
- Exact dollar amount not specified
Where does it stand?
- Introduced
- Senate committee — You are here
- Senate vote
- House
- President's desk
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
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Official title
Stop CHEATERS Act
- Introduced:
- April 15, 2026
- Latest action:
- April 15, 2026
Read twice and referred to the Committee on Finance.
Read the official bill on Congress.govMake the call
Three steps: where you stand, your script, the call.