[Congressional Record Volume 168, Number 195 (Thursday, December 15, 2022)]
[Senate]
[Page S7262]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 6540. Mr. SCOTT of Florida (for himself, Mr. Johnson, and Mr. 
Braun) proposed an amendment to the bill H.R. 1437, to amend the 
Weather Research and Forecasting Innovation Act of 2017 to direct the 
National Oceanic and Atmospheric Administration to provide 
comprehensive and regularly updated Federal precipitation information, 
and for other purposes; as follows:

       At the end, add the following:

      DIVISION E--INTERNAL REVENUE SERVICE AND TAX ADMINISTRATION

     SEC. 101. RESCISSION OF CERTAIN FUNDS FOR ENHANCED INTERNAL 
                   REVENUE SERVICE RESOURCES.

       Effective on the date of enactment of this Act, the 
     unobligated balances of the amounts made available under the 
     following provisions of Public Law 117-169 are rescinded:
       (1) Internal revenue service enforcement funds.--Section 
     10301(1)(A)(ii).
       (2) Internal revenue service operations support.--Section 
     10301(1)(A)(iii).

     SEC. 102. REPEAL OF MODIFICATIONS OF EXCEPTIONS FOR REPORTING 
                   OF THIRD PARTY NETWORK TRANSACTIONS.

       (a) In General.--Section 6050W(e) of the Internal Revenue 
     Code of 1986 is amended to read as follows:
       ``(e) Exception for De Minimis Payments by Third Party 
     Settlement Organizations.--A third party settlement 
     organization shall be required to report any information 
     under subsection (a) with respect to third party network 
     transactions of any participating payee only if--
       ``(1) the amount which would otherwise be reported under 
     subsection (a)(2) with respect to such transactions exceeds 
     $20,000, and
       ``(2) the aggregate number of such transactions exceeds 
     200.''.
       (b) Effective Date.--The amendment made by this section 
     shall apply to returns for calendar years beginning after 
     December 31, 2021.
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