Content Details
H.R. 7356 (IH) - Token Taxonomy Act
- Category
- Bills and Statutes
- Collection
- Congressional Bills
- SuDoc Class Number
- Y 1.6:
Y 1.4/6:
- Congress Number
- 115th Congress
- Congress Session
- 2nd Session
- Last Action Date Listed
- December 20, 2018
- Action
- Mr. Davidson (for himself and Mr. Soto) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned
- Bill Number
- H.R. 7356
- Bill Version
- Introduced in House (IH)
- Short Title
- Token Taxonomy Act
- Full Title
- To amend the Securities Act of 1933 and the Securities Exchange Act of 1934 to exclude digital tokens from the definition of a security, to direct the Securities and Exchange Commission to enact certain regulatory changes regarding digital units secured through public key cryptography, to adjust taxation of virtual currencies held in individual retirement accounts, to create a tax exemption for exchanges of one virtual currency for another, to create a de minimis exemption from taxation for gains realized from the sale or exchange of virtual currency for other than cash, and for other purposes.
- Sponsors
- Warren Davidson(OH)
- Cosponsors
- Darren Soto (FL)
- Committees
- Committee on Financial Services (Standing), Committee on Ways and Means (Standing)
- United States Code Reference
- 15 U.S.C. 77b, 77d, 78c, 80a-2 and 80b-2