3.0.0
1414
2025-05-27T14:12:00Z
2025-05-27T14:12:00Z
House
H
HR
2023-03-07
118
[Congressional Record Volume 169, Number 43 (Tuesday, March 7, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]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]
- 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
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, 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.

Keep Innovation in America Act
- Display Title
45

Keep Innovation in America Act
2024-07-24T15:23:24Z
- Short Title(s) as Introduced
101

Keep Innovation in America Act
2024-05-24T13:41:46Z
Introduced in House
IH
- Official Title as Introduced
6

To amend the Internal Revenue Code of 1986 to clarify the definition of broker, and for other purposes.
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.
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