3.0.0
6006
2023-06-06T16:15:23Z
2023-06-06T16:15:23Z
House
HR
2021-11-17
117
[Congressional Record Volume 167, Number 200 (Wednesday, November 17, 2021)][House][Pages H6370-H6371]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. McHENRY:H.R. 6006.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1: The Congress shall havePower To lay and collect Taxes, Duties, Imposts and Excises,to pay the Debts and provide for the common Defence andgeneral Welfare of the United States; but[[Page H6371]]all Duties, Imposts and Excises shall be uniform throughoutthe United StatesArticle 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 theConstitution in the Government of the United States, or inany Department or Officer thereof.
- hswm00
Ways and Means Committee
House
Standing
  - Referred to
2021-11-17T15:04:50Z
- 2021-11-17
Referred to the House Committee on Ways and Means.
IntroReferral
H11100
2
House floor actions
  - hswm00
Ways and Means Committee
- 2021-11-17
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2021-11-17
Introduced in House
IntroReferral
1000
9
Library of Congress
- M001156
Rep. McHenry, Patrick T. [R-NC-10]
Patrick
McHenry
R
NC
10
N
- R000577
Rep. Ryan, Tim [D-OH-13]
TIM
RYAN
D
OH
13
2021-11-17
True
- B000755
Rep. Brady, Kevin [R-TX-8]
KEVIN
BRADY
R
TX
8
2021-11-17
True
- K000389
Rep. Khanna, Ro [D-CA-17]
Ro
Khanna
D
CA
17
2021-11-17
True
- E000294
Rep. Emmer, Tom [R-MN-6]
Tom
Emmer
R
MN
6
2021-11-17
True
- S001193
Rep. Swalwell, Eric [D-CA-15]
Eric
Swalwell
D
CA
15
2021-11-17
True
- D000626
Rep. Davidson, Warren [R-OH-8]
Warren
Davidson
R
OH
8
2021-11-17
True
- S001200
Rep. Soto, Darren [D-FL-9]
Darren
Soto
D
FL
9
2021-11-17
True
- G000588
Rep. Gonzalez, Anthony [R-OH-16]
Anthony
Gonzalez
R
OH
16
2021-11-17
True
- B001305
Rep. Budd, Ted [R-NC-13]
Ted
Budd
R
NC
13
2021-11-17
True
- B001295
Rep. Bost, Mike [R-IL-12]
Mike
Bost
R
IL
12
2021-11-18
False
- S001183
Rep. Schweikert, David [R-AZ-6]
David
Schweikert
R
AZ
6
2021-12-01
False
- D000032
Rep. Donalds, Byron [R-FL-19]
Byron
Donalds
R
FL
19
2021-12-14
False
- A000148
Rep. Auchincloss, Jake [D-MA-4]
Jake
Auchincloss
D
MA
4
2022-01-11
False
- H001072
Rep. Hill, J. French [R-AR-2]
J.
Hill
R
AR
French
2
2022-01-18
False
- T000480
Rep. Timmons, William R. IV [R-SC-4]
William
Timmons
R
SC
R.
4
2022-02-01
False
- S001213
Rep. Steil, Bryan [R-WI-1]
Bryan
Steil
R
WI
1
2022-02-07
False
- M001210
Rep. Murphy, Gregory [R-NC-3]
Gregory
Murphy
R
NC
3
2022-02-08
False
- W000813
Rep. Walorski, Jackie [R-IN-2]
Jackie
Walorski
R
IN
2
2022-02-15
False
- J000295
Rep. Joyce, David P. [R-OH-14]
David
Joyce
R
OH
P.
14
2022-03-17
False
Taxation
Taxation
00
2021-11-17
Introduced in House
2023-06-06T16:12:44Z
Keep Innovation in America Act
This bill modifies provisions enacted by the Infrastructure Investment and Jobs Act relating to the definitions of broker and digital assets and their reporting requirements.
The bill redefines broker, for tax reporting purposes, to mean any person who (for consideration) stands ready in the ordinary course of business to effect sales of digital assets at the direction of their customers.
The bill redefines digital asset to mean any digital representation of value which is recorded on a cryptographically secured distribution ledger (this revised definition eliminates the discretion of the Department of the Treasury to include similar technology in the definition of digital asset).
The bill eliminates the cash reporting requirement for digital assets (i.e., receipt of more than $10,000) but requires Treasury to conduct a study of, and report on, the effect of expanding the definition of cash to include any digital asset.

Keep Innovation in America Act
- Display Title

Keep Innovation in America Act
- Short Title(s) as Introduced

Keep Innovation in America Act
Introduced in House
IH
- Official Title as Introduced

To amend the Internal Revenue Code of 1986 to clarify the definition of broker, and for other purposes.
Introduced in House
IH
- Introduced in House
2021-11-17T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-117hr6006ih/xml/BILLS-117hr6006ih.xml
2021-11-17
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.
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