[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 695 Introduced in Senate (IS)]

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118th CONGRESS
  1st Session
                                 S. 695

To repeal the provisions of the Infrastructure Investment and Jobs Act 
  that impose new information reporting requirements with respect to 
                        digital asset transfers.


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                   IN THE SENATE OF THE UNITED STATES

                             March 8, 2023

   Mr. Cruz introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
To repeal the provisions of the Infrastructure Investment and Jobs Act 
  that impose new information reporting requirements with respect to 
                        digital asset transfers.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPEAL OF NEW INFORMATION REPORTING REQUIREMENTS WITH 
              RESPECT TO DIGITAL ASSET TRANSFERS.

    (a) In General.--The amendments made by section 80603 of the 
Infrastructure Investment and Jobs Act are repealed and the provisions 
of law amended by such section are restored as if such section had 
never been enacted.
    (b) Effective Date.--The repeal made by subsection (a) shall take 
effect on the date of enactment of this Act.
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