3.0.0 1414 2025-05-27T14:12:00Z 2025-05-27T14:12:00Z House H HR 2023-03-07 118 <pre>[Congressional Record Volume 169, Number 43 (Tuesday, March 7, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. McHENRY:H.R. 1414.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1:The Congress shall have Power To lay and collect Taxes,Duties, Imposts and Excises, to pay the Debts and provide forthe common Defence and general Welfare of the United States;but all Duties, Imposts and Excises shall be uniformthroughout the United States:The single subject of this legislation is:Clarify Internal Revenue Code related to digtial assetreporting.[Page H1151]</pre> hsba00 Financial Services Committee House Standing Referred To 2023-03-07T17:03:40Z hswm00 Ways and Means Committee House Standing Referred To 2023-03-07T17:03:35Z 2023-03-07 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, 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 2023-03-07 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, 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 2023-03-07 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-03-07 Introduced in House IntroReferral 1000 9 Library of Congress M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 N T000486 Rep. Torres, Ritchie [D-NY-15] Ritchie Torres D NY 15 2023-03-07 True D000626 Rep. Davidson, Warren [R-OH-8] Warren Davidson R OH 8 2023-03-07 True K000389 Rep. Khanna, Ro [D-CA-17] Ro Khanna D CA 17 2023-03-07 True E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 2023-03-07 True S001193 Rep. Swalwell, Eric [D-CA-14] Eric Swalwell D CA 14 2023-03-07 True S001183 Rep. Schweikert, David [R-AZ-1] David Schweikert R AZ 1 2023-03-07 True S001200 Rep. Soto, Darren [D-FL-9] Darren Soto D FL 9 2023-03-07 True H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 2023-03-07 True D000032 Rep. Donalds, Byron [R-FL-19] Byron Donalds R FL 19 2023-03-10 False N000194 Rep. Nickel, Wiley [D-NC-13] Wiley Nickel D NC 13 2023-04-25 False H001093 Rep. Houchin, Erin [R-IN-9] Erin Houchin R IN 9 2023-07-17 False Taxation Taxation 2023-03-27T17:47:43Z

00 2023-03-07 Introduced in House 2023-06-06T16:18:48Z <p><strong>Keep Innovation in America Act</strong></p> <p>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. </p> <p>The bill redefines<em> broker</em>, 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. </p> <p>The bill redefines <em>digital asset</em> 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 <em>similar technology</em> in the definition of digital asset). </p> <p>The bill eliminates the cash reporting requirement for digital assets (i.e., receipt of more than $10,000) but requires Treasury, in consultation with the Financial Crimes Enforcement Network and other representatives of the digital asset industry, to conduct a study of, and report on, the effect of expanding the definition of cash to include any digital asset.</p>

Display Title 45 2024-07-24T15:23:24Z Short Title(s) as Introduced 101 2024-05-24T13:41:46Z Introduced in House IH Official Title as Introduced 6 2024-03-18T20:25:42Z Introduced in House IH Introduced in House 2023-03-07T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr1414ih/xml/BILLS-118hr1414ih.xml 2023-03-07 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, 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.