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Delaying Changes to Third-Party Network Transaction Reporting

This bill delays the implementation of new rules for reporting financial transactions made through online platforms. This means businesses and individuals using such platforms will have more time to adapt to the changed reporting requirements that were supposed to take effect earlier. This change may affect how platforms report their users' income to the tax authorities.
Key points
Postponement of the effective date for new transaction reporting rules from December 31, 2021, to December 31, 2022.
More time for online platforms and their users to prepare for the updated reporting requirements.
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Expired
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Additional Information
Print number: 117_HR_9611
Sponsor: Rep. Miller, Carol D. [R-WV-3]
Process start date: 2022-12-16
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To delay the implementation of the modifications of exceptions for reporting of third party network transactions.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9611.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-12-16.

What are the main provisions?

Key points include:

  • Postponement of the effective date for new transaction reporting rules from December 31, 2021, to December 31, 2022.
  • More time for online platforms and their users to prepare for the updated reporting requirements.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Miller, Carol D. [R-WV-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Economy