A bill to amend the Internal Revenue Code of 1954 to restrict the authority for inspection of tax returns and the disclosure of information contained therein.

Restricts the authority for the inspection of income tax returns to specified persons and entities, including: (1) the taxpayer for whom the return was made or his attorney in fact; (2) officers and employees of Federal and State agencies charged with the administration and enforcement of the tax laws; (3) Committees of the Congress pursuant to a resolution of the House or Senate; and (4) shareholders of record owning one percent or more of the outstanding stock of any corporation.