; 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; or (B) any person or prospective person whose tax return, claim for refund, or document in connection with a tax return or claim for refund, is being or may be prepared. . (c) Minimum competency standards for tax return preparers Section 330 of title 31, United States Code, is amended by adding at the end the following new subsection: (f) Minimum competency standards for tax return preparers (1) In general Any tax return preparer shall demonstrate minimum competency standards under this subsection by— (A) obtaining an identifying number for securing proper identification of such preparer as described in section 6109(a)(4) of the Internal Revenue Code of 1986; (B) satisfying any examination and continuing education requirements as prescribed by the Secretary, including— (i) holding a high school diploma or passing an equivalency exam; (ii) completing 30 hours of tax preparation training (or work deemed equivalent); (iii) passing a tax preparation exam with a score of 70 percent or greater every 5 years; and (iv) completing 15 hours of continuing education every 2 years