To amend the Internal Revenue Code of 1986 to clarify the confidentiality of certain documents relating to closing agreements and agreements with foreign governments.

[AI summary unavailable — showing source text] Amends provisions of the Internal Revenue Code concerning the confidentiality of return information to include within the definition of return information: (1) any closing agreement and any background file document related to such agreement; and (2) any agreement relating to a named taxpayer entered into by the Secretary of the Treasury with the competent authority of a foreign government pursuant to specified conventions and agreements.…