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    <updateDate>2019-11-15T21:52:15Z</updateDate>
    <updateDateIncludingText>2019-11-15T21:52:15Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
    <originChamberCode>S</originChamberCode>
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    <introducedDate>2012-02-09</introducedDate>
    <congress>112</congress>
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        <name>Finance Committee</name>
        <chamber>Senate</chamber>
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            <name>Referred to</name>
            <date>2012-02-09T15:56:58Z</date>
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      <item>
        <title>1099K Overreach Prevention Act</title>
        <congress>112</congress>
        <number>3877</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2012-02-01</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
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        <actionDate>2012-02-09</actionDate>
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            <systemCode>ssfi00</systemCode>
            <name>Finance Committee</name>
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        <sourceSystem>
          <name>Senate</name>
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        <text>Read twice and referred to the Committee on Finance.</text>
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        <actionDate>2012-02-09</actionDate>
        <text>Introduced in Senate</text>
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        <sourceSystem>
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          <name>Library of Congress</name>
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    <sponsors>
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        <bioguideId>T000250</bioguideId>
        <fullName>Sen. Thune, John [R-SD]</fullName>
        <firstName>John</firstName>
        <lastName>Thune</lastName>
        <party>R</party>
        <state>SD</state>
        <middleName>R.</middleName>
        <isByRequest>N</isByRequest>
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    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>C000127</bioguideId>
        <fullName>Sen. Cantwell, Maria [D-WA]</fullName>
        <firstName>Maria</firstName>
        <lastName>Cantwell</lastName>
        <party>D</party>
        <state>WA</state>
        <sponsorshipDate>2012-02-09</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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    <policyArea>
      <name>Taxation</name>
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          <name>Accounting and auditing</name>
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        <item>
          <name>Tax administration and collection, taxpayers</name>
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      <policyArea>
        <name>Taxation</name>
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        <actionDate>2012-02-09</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2012-03-05T20:05:02Z</updateDate>
        <text><![CDATA[ <p>1099K Overreach Prevention Act - Amends the Internal Revenue Code to exempt taxpayers who are required to report payments made in settlement of payment card and third party network transactions from any requirement to reconcile such payments to amounts related to gross receipts or sales.</p>]]></text>
      </summary>
    </summaries>
    <title>1099K Overreach Prevention Act</title>
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        <title>1099K Overreach Prevention Act</title>
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        <title>1099K Overreach Prevention Act</title>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to amend the Internal Revenue Code of 1986 to prohibit the Secretary of the Treasury from requiring that taxpayers reconcile amounts with respect to reportable payment transactions to amounts related to gross receipts and sales.</title>
      </item>
    </titles>
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        <type>Introduced in Senate</type>
        <date>2012-02-09T05:00:00Z</date>
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    <latestAction>
      <actionDate>2012-02-09</actionDate>
      <text>Read twice and referred to the Committee on Finance.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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