; and (C) Ensure the security and confidentiality of taxpayer information, to the extent such standards and guidelines do not conflict with other standards and guidelines applicable to financial institutions. , and (2) by redesignating subsections (c) and (d) as subsections (d) and (e), respectively, and by inserting after subsection (b) the following new subsection: (c) Financial institution For purposes of this section, the term financial institution has the meaning given such term in section 509 of the Gramm-Leach-Bliley Act ( 15 U.S.C. 6809 ). . (c) Limitation on authority Section 2201 of such Act is amended by adding at the end the following new subsection: (f) Limitation on authority The Secretary may not require a taxpayer seeking a qualified disclosure to access any information technology system or service used by or on behalf of the Internal Revenue Service pursuant to this section for any purpose relating to a qualified disclosure, including identity verification or the provision of electronic consent. . (d) Clarification regarding certain business tax return information available for disclosure Section 2201 of such Act, as amended by subsection (c), is amended by adding at the end the following new subsection: (g) Program required To make certain information available for disclosure The Secretary shall ensure that the program implemented under this section makes certain business tax return information available for disclosure, including, but not limited to, the following: (1) The following information from Schedule K–1 of Forms 1065 and 1120: (A) Names of owners. (B) Percentage of capital ownership of each owner. (C) Distributions to each owner. (D) In the case of Form 1065, direct payments to partners. (2) The following information from Schedule G of Form 1120: (A) Names of owners. (B) Percentage of capital ownership of each owner. (3) With respect to each entity identified on Schedule C of Form 1040, the following information from such Schedule: (A) Name of such entity. (B) Names of owners of such