CERI Act of 2026

(a) Annual report. Not later than 1 year after the date of enactment of this Act, and annually thereafter for 5 years, the Secretary shall submit to the Committee on Ways and Means of the House of Representatives, the Committee on Finance of the Senate, the Committee on Agriculture of the House of Representatives, and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report on the implementation of this Act, including—

(1) the number of taxpayers who have applied for relief under the program established under section 2(a), disaggregated by covered transactions described by paragraph (1) or (2) of subsection (c) of such section,

(2) the number of settlements reached, the aggregate amounts of deficiencies, penalties, and interest which were not imposed by reason of section 2,

(3) the number of cases in which the Secretary refused to offer settlement terms consistent with section 2(c), and the basis for each such refusal,

(4) the number of cases with respect to which a payment was made under section 2(e) and the aggregate amount of such payments, and

(5) any recommendations for legislative or administrative changes to improve the effectiveness of this Act.

(b) National taxpayer advocate review. The National Taxpayer Advocate shall review each report submitted under subsection (a) and shall submit to the committees described in such subsection comments, findings, and recommendations with respect to the implementation of this Act, including any instances in which the rights of taxpayers under the Taxpayer Bill of Rights have not been adequately protected with respect to a qualified easement (as defined in section 2(h)(2)).