A bill to amend the Internal Revenue Code of 1954 to eliminate the separate mailing requirement for statements relating to interest, dividends, and patronage dividends, and for other purposes.

Amends the Internal Revenue Code to eliminate the current requirement that statements regarding the payment of dividends, patronage dividends, or interest must be sent out to recipients by a separate first class mailing. Requires the Secretary of the Treasury to report to the Congress on suitable means for distributing such information to recipients.