(a) Requirement of reporting
(1) In generalThe appropriate official of any government or any entity described in section 162(f)(5) which is involved in a suit or agreement described in paragraph (2) shall make a return in such form as determined by the Secretary setting forth—
the amount required to be paid as a result of the suit or agreement to which paragraph (1) of section 162(f) applies,
any amount required to be paid as a result of the suit or agreement which constitutes restitution or remediation of property, and
(2) Suit or agreement described
(A) In generalA suit or agreement is described in this paragraph if—
(i) it is—
a suit with respect to a violation of any law over which the government or entity has authority and with respect to which there has been a court order, or
an agreement which is entered into with respect to a violation of any law over which the government or entity has authority, or with respect to an investigation or inquiry by the government or entity into the potential violation of any law over which such government or entity has authority, and
(b) Statements to be furnished to individuals involved in the settlementEvery person required to make a return under subsection (a) shall furnish to each person who is a party to the suit or agreement a written statement showing—
The written statement required under the preceding sentence shall be furnished to the person at the same time the government or entity provides the Secretary with the information required under subsection (a).
(c) Appropriate official defined
For purposes of this section, the term “appropriate official” means the officer or employee having control of the suit, investigation, or inquiry or the person appropriately designated for purposes of this section.
(Added Pub. L. 115–97, title I, § 13306(b)(1), Dec. 22, 2017, 131 Stat. 2128.)