3.0.0 3708 2023-01-11T13:38:45Z 2023-01-11T13:38:45Z House HR 2017-09-07 115 [Congressional Record Volume 163, Number 144 (Thursday, September 7, 2017)][Pages H7182-H7183]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SCHWEIKERT:H.R. 3708.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3 (``To regulate Commercewith foreign Nations, and among the several States, and withthe Indian Tribes'');Article I, Section 8, Clause 5 (``To coin Money, regulatethe Value thereof, and of[[Page H7183]]foreign Coin, and fix the Standard of Weights andMeasures''); andArticle I, Section 8, Clause 18 (``To make all Laws whichshall be necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States or in anyDepartment or Officer thereof.'').]]> hswm00 Ways and Means Committee House Standing Referred to 2017-09-07T14:00:26Z 115 97 HCONRES 2017-12-18 Referred to the Committee on Ways and Means, and in addition to the Committee on House Administration, 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. Related bill CRS 115 7356 HR 2018-12-20 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. Related bill CRS 2017-09-07 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-09-07 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-09-07 Introduced in House IntroReferral 1000 9 Library of Congress S001183 Rep. Schweikert, David [R-AZ-6] David Schweikert R AZ 6 N P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2017-09-07 True M001187 Rep. Meadows, Mark [R-NC-11] Mark Meadows R NC 11 2017-09-14 False B001305 Rep. Budd, Ted [R-NC-13] Ted Budd R NC 13 2017-10-25 False E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 2018-04-12 False M001193 Rep. MacArthur, Thomas [R-NJ-3] Thomas MacArthur R NJ 3 2018-04-12 False Taxation Currency Digital media Income tax exclusion Internet and video services Internet, web applications, social media Taxation

00 2017-09-07 Introduced in House 2018-01-04T20:15:12Z This bill amends the Internal Revenue Code (IRC) to exclude from gross income up to $600 (adjusted for inflation after 2018) in gain from the sale or exchange of virtual currency for other than cash or cash equivalents. "Virtual currency" is a digital representation of value that is used as a medium of exchange and is not otherwise currency under provisions of the IRC related to foreign currency transactions.

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Display Title Official Title as Introduced Introduced in House 2017-09-07T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3708ih/xml/BILLS-115hr3708ih.xml 2017-09-07 Referred to the House Committee on Ways and Means. text/xml EN 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. Congressional Research Service, Library of Congress 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.