A bill to amend the Internal Revenue Code of 1954 to provide for the disclosure of returns and return information for use in criminal investigations, and for other purposes.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow disclosure of returns or return information to an officer or employee of any Federal agency for use in preparing any administrative, judicial, or grand jury proceeding involving the enforcement of a specific Federal criminal statute (but not involving tax administration) or in an investigation which may result in such a proceeding. Authorizes such disclosure only by ex parte order of a Federal district court judge or magistrate. Sets forth grounds for the granting of such order. Requires the Secretary of the Treasury to disclose return information upon written request of the head or the Inspector General of a Federal agency or the Attorney General or his designee, to such officers and employees as are directly engaged in, and solely for use in or preparation for, any administrative, judicial, or grand jury proceeding involving the enforcement of a specific Federal criminal statute (but not involving tax administration) or in an investigation which may result in such a proceeding. Prohibits the disclosure of returns or return information which would identify a confidential informant or seriously impair a tax investigation. Authorizes the Sec…