1. Short title This Act may be cited as the Tax-preparer Enforcement, Accountability, and Minimum Standards Act or the TEAMS Act . 2. Regulation of tax return preparers (a) In general Subsection (a) of section 330 of title 31, United States Code, is amended— (1) by striking paragraph (1) and inserting the following: (1) regulate— (A) the practice of representatives of persons before the Department of the Treasury; and (B) the practice of tax return preparers; and ; and (2) in paragraph (2)— (A) by inserting or a tax return preparer to prepare tax returns after practice ; (B) by inserting or tax return preparer before demonstrate ; (C) in subparagraph (C), by inserting and minimum competency standards after necessary qualifications ; and (D) in subparagraph (D), by striking the period at the end and inserting or in preparing their tax returns, claims for refund, or documents in connection with tax returns or claims for refund. (b) Authority To sanction regulated tax return preparers Subsection (c) of section 330 of title 31, United States Code, is amended— (1) by striking before the Department ; (2) by inserting or tax return preparer after representative each place it appears; and (3) in paragraph (4), by striking misleads or threatens and all that follows and inserting misleads or threatens— (A) any person being represented or any prospective person being represented