A Republican bill with 1 Democratic cosponsor · See all 8 cosponsors
Last activity — Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 38 - 5.
Introduced, nothing more yet
Formally proposed, and not yet handed to a committee.
Nearly every bill is sent to a committee within days. Introduction alone is not a sign of support, of momentum, or of any likelihood of passing — any member may introduce any bill.
Its path through Congress
- Introduced
What this bill would do
This bill makes several changes to how digital assets are taxed under the Internal Revenue Code. It creates tax exceptions for small network and transaction fees and allows for simplified accounting for widely traded digital assets. The legislation sets rules for U.S. dollar stablecoin transactions and provides tax parity between digital assets and traditional financial assets like securities. It also applies existing tax anti-abuse rules, such as wash sale and constructive sale rules, to digital assets. Finally, the bill establishes a Digital Asset Voluntary Disclosure Program to help taxpayers fix past tax issues.
Yes· 3 of 15
- Scored +3
Is this likely to grow the economy?
Reduces regulatory barriers and tax frictions while providing clarity for stablecoins and digital asset innovation.
- Scored +3
Does this make it easier to run a small business?
Simplifies accounting and reporting requirements for digital asset transactions.
- Scored +3
Would business owners be better off under this?
Provides clear rules for dealers and traders and reduces compliance costs for cross-border transactions.
The opposite· 3 of 4
- Scored -1
Would high-income households be better off under this?
Balanced between clearer tax rules and restrictions on tax-loss harvesting strategies.
- Scored -1
Would people with substantial wealth be better off under this?
Balanced between clarification of wrapping/staking and loss of wash sale offsetting ability.
- Scored -1
Would the very wealthiest people be better off under this?
Balanced between predictable regulatory frameworks and stricter anti-abuse rules for large asset movement.
Who it would affect, and how
Potential Positive Impacts for People
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Small Fee Tax Relief: Section 101 adds Section 1044 to the tax code, which means people will not have to report a taxable gain or loss when using digital assets to pay small network or transaction fees of $10 or less.
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Simplified Accounting: Section 102 adds Section 1051, giving taxpayers the option to use simplified accounting methods for widely traded digital assets, which cuts down on the paperwork and record-keeping burden for everyday users.
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Charitable Giving Option: Section 204 amends Section 1046 to allow people to sell certain digital assets and donate the proceeds to charity without having to pay capital gains tax on the sale, provided the donation is made quickly.
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A Chance to Fix Past Mistakes: Section 502 creates the Digital Asset Voluntary Disclosure Program, giving folks a structured way to fix past digital asset tax errors, clear up their records, and avoid harsh criminal penalties or severe financial audits.
Potential Negative Impacts for People
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Stricter Anti-Abuse Rules: Section 301 amends Section 1091 to apply wash sale rules to traded digital assets, meaning individuals can no longer use certain quick crypto sell-and-buy maneuvers to lower their tax bills.
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New Tracking and Reporting Burdens: Section 501 increases reporting requirements for brokers, placing a heavier compliance load on everyday users who must now supply more detailed transaction data to the government.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Is this likely to grow the economy? — Reduces regulatory barriers and tax frictions while providing clarity for stablecoins and digital asset innovation. Does this make it easier to run a small business? — Simplifies accounting and reporting requirements for digital asset transactions. Does this cut taxes for middle-income families? — Provides tax relief on small digital asset fees under $10 and simplifies accounting for widely traded assets. Does this make the government pay for what it commits to? — Introduces a voluntary disclosure program and aims to improve overall tax administration and compliance for digital assets. Does this cut taxes for small businesses? — Simplifies tax compliance for small businesses dealing in widely traded digital assets.
- Demographic And Interest Groups
- Would business owners be better off under this? — Provides clear rules for dealers and traders and reduces compliance costs for cross-border transactions. Would middle-income households be better off under this? — Simplified accounting reduces compliance costs for average investors. Would people in their twenties and thirties be better off under this? — Younger demographics are more likely to utilize digital assets and stablecoins and benefit from simplified accounting. Would households on low incomes be better off under this? — De minimis fee exemption helps those making very small transactions. Would people in middle age be better off under this? — Provides tax clarity for investors of various age groups. Would students be better off under this? — Potential benefits for students using digital assets for payments via fee exemptions. Would billionaires be better off under this? — Balanced between clear tax obligations and increased regulatory oversight limiting optimization. Would high-income households be better off under this? — Balanced between clearer tax rules and restrictions on tax-loss harvesting strategies. Would people with substantial wealth be better off under this? — Balanced between clarification of wrapping/staking and loss of wash sale offsetting ability. Would the very wealthiest people be better off under this? — Balanced between predictable regulatory frameworks and stricter anti-abuse rules for large asset movement.
- Governance And Ideology
- Does this protect people from being watched or searched? — Proposes using technologies like zero-knowledge proofs to limit the amount of sensitive information shared during tax reporting. Does this give the federal government more power? — Expands the Treasury Secretary's authority to define and regulate digital assets for tax purposes.
- Education And Technology
- Does this give people more control over their personal data? — Directs the study of zero-knowledge proofs and blockchain to improve taxpayer data security and reduce identity theft risks.
- National Security And Foreign Policy
- Does this make trade with other countries easier? — Seeks to reduce compliance costs for cross-border digital asset transactions.
- 9/16/2026
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 38 - 5.
- 9/14/2026
- Referred to the House Committee on Ways and Means.
- 8 Cosponsors added.
- Introduced in House
7 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
- 119-HR-6985: Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act
- 119-HR-9172: Applying Existing Tax Anti-Abuse Rules to Digital Assets Act
- 119-HR-9173: Charitable Deductions for Digital Asset Donations Act
- 119-HR-9174: Digital Assets Voluntary Disclosure Program Act
- 119-HR-9176: PAR Act
- 119-HR-9178: Less Tax Paperwork for Digital Asset Owners Act
- 119-S-2230: Facilitating Useful Loss Limitations to Help Our Unique Service Economy (FULL HOUSE) Act
Jodey ArringtonRepublican · Texas
Aaron BeanRepublican · Florida
Mike CareyRepublican · Ohio
Steven HorsfordDemocrat · Nevada
Mike KellyRepublican · Pennsylvania
David KustoffRepublican · Tennessee
Max MillerRepublican · Ohio
Rudy YakymRepublican · Indiana