3.0.0 2144 2022-11-01T19:17:11Z 2022-11-01T19:17:11Z House HR 2019-04-09 116 [Congressional Record Volume 165, Number 61 (Tuesday, April 9, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DAVIDSON of Ohio:H.R. 2144.Congress has the power to enact this legislation pursuantto the following:Section 8, subsection 18: To make all Laws which shall benecessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.[Page H3218]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-04-09T14:01:05Z hsba00 Financial Services Committee House Standing Referred to 2019-04-09T14:01:00Z 2019-04-09 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-04-09 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2019-04-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-04-09 Introduced in House IntroReferral 1000 9 Library of Congress D000626 Rep. Davidson, Warren [R-OH-8] Warren Davidson R OH 8 N S001200 Rep. Soto, Darren [D-FL-9] Darren Soto D FL 9 2019-04-09 True G000583 Rep. Gottheimer, Josh [D-NJ-5] Josh Gottheimer D NJ 5 2019-04-09 True B001305 Rep. Budd, Ted [R-NC-13] Ted Budd R NC 13 2019-04-09 True G000571 Rep. Gabbard, Tulsi [D-HI-2] Tulsi Gabbard D HI 2 2019-04-09 True P000605 Rep. Perry, Scott [R-PA-10] Scott Perry R PA 10 2019-04-09 True R000612 Rep. Rose, John W. [R-TN-6] John Rose R TN W. 6 2019-06-04 False S001193 Rep. Swalwell, Eric [D-CA-15] Eric Swalwell D CA 15 2019-06-04 False G000588 Rep. Gonzalez, Anthony [R-OH-16] Anthony Gonzalez R OH 16 2019-12-06 False Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Capital gains tax Computers and information technology Currency Digital media Employee benefits and pensions Federal Trade Commission (FTC) Federal preemption Financial services and investments Fraud offenses and financial crimes Income tax exclusion Securities State and local government operations Tax administration and collection, taxpayers Finance and Financial Sector 00 2019-04-09 Introduced in House 2020-05-21T14:32:23Z Token Taxonomy Act of 2019

This bill specifies that digital tokens, such as those used in virtual currencies, are not securities for regulatory purposes. The bill also provides for the tax treatment of virtual currencies, including by excluding from gross income any gains from virtual currency transactions up to $600, retroactive to January 1, 2017.

]]> of 2019 Display Title of 2019 Official Title as Introduced 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. Introduced in House IH Short Title(s) as Introduced of 2019 Introduced in House IH Short Title(s) as Introduced Token Taxonomy Act Introduced in House IH Introduced in House 2019-04-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr2144ih/xml/BILLS-116hr2144ih.xml 2019-04-09 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. 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.