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.

Bill: 117-s-3206
Sponsor: full_name: Sen. Cruz, Ted [R-TX]
Introduced: 2021-11-15
Policy area: Taxation
Latest action: action_date: 2021-11-16
text: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 168.

Summaries:
action_date: 2021-11-15
action_desc: Introduced in Senate
text: <p>This bill repeals provisions of the Infrastructure Investment and Jobs Act with respect to the definition of<em> broker </em>and reporting requirements for digital assets.</p>

tv_txt: II Calendar No. 168 117th CONGRESS 1st Session S. 3206 IN THE SENATE OF THE UNITED STATES November 15, 2021 Mr. Cruz introduced the following bill; which was read the first time November 16, 2021 Read the second time and placed on the calendar 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.

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asset transfers (a) In general The amendments made by section 80603 of the Infrastructure Investment and Jobs Act are repealed and the provisions of law amended by such section are restored as if such section had never been enacted.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.

November 16, 2021 Read the second time and placed on the calendar