A Republican bill with no cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill, known as the Providing Analogous Rules for Digital Assets Act or the PAR Act, amends the Internal Revenue Code of 1986 regarding the tax treatment of digital asset trading. It updates tax rules for lending digital assets by treating them similarly to traditional securities. The bill allows certain dealers and traders of widely traded digital assets to use mark-to-market accounting methods. It establishes a trading safe harbor for certain digital assets and defines specific digital asset terms within the tax code. Finally, it includes rules of construction to prevent legal inferences about whether digital assets are securities or commodities for other provisions of law.
Yes· 3 of 18
- Scored +3
Would business owners be better off under this?
Digital asset dealers, brokers, and businesses gain regulatory clarity and structured accounting options.
- Scored +3
Is this likely to grow the economy?
Providing tax clarity and safe harbors for digital assets encourages investment and market liquidity.
- Scored +3
Does this make it easier to do business across state lines?
Establishes clear nationwide tax rules and definitions that facilitate smoother digital asset trading across state and international lines.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Section 2 updates tax rules for lending agreements to include traded digital assets, ensuring that lenders receive equivalent payments like interest and property and assume appropriate obligations, which provides clarity for individuals engaging in digital asset lending.
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Section 3 allows dealers and traders of widely traded digital assets to elect mark-to-market accounting, aligning their tax treatment with traditional securities and commodities traders and permitting a four-year spread of accounting adjustments.
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Section 4 creates a trading safe harbor for traded digital assets, which can benefit individuals trading through resident brokers or for their own accounts by providing clearer tax boundaries.
Potential Negative Impacts for People
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Section 3 mandates specific recordkeeping and identification requirements for taxpayers utilizing the mark-to-market election, which could impose administrative burdens on individuals trading digital assets.
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Section 5 introduces complex definitions and criteria for widely traded digital assets, tokenized digital assets, and stablecoins, which may create compliance challenges and confusion for people trying to properly categorize their digital holdings for tax purposes.
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.
- Demographic And Interest Groups
- Would business owners be better off under this? — Digital asset dealers, brokers, and businesses gain regulatory clarity and structured accounting options. Would billionaires be better off under this? — Large institutional holders and major stakeholders in the crypto economy benefit from structured tax rules. Would high-income households be better off under this? — High-net-worth individuals and active traders benefit significantly from clear tax accounting methods and trading safe harbors. Would people with substantial wealth be better off under this? — Active participants in digital asset markets benefit from the new trading safe harbors and mark-to-market options. Would the very wealthiest people be better off under this? — Large-scale investors and funds benefit from predictable tax treatment for digital asset transactions. Would people in their twenties and thirties be better off under this? — Young adults disproportionately participate in digital asset markets and benefit from clearer regulatory rules. Would immigrants be better off under this? — Non-resident foreign participants benefit from trading safe harbor provisions. Would people in middle age be better off under this? Would middle-income households be better off under this? — Retail investors holding digital assets gain clearer rules for lending and asset treatment. Would people in cities be better off under this?
- Economy And Finance
- Is this likely to grow the economy? — Providing tax clarity and safe harbors for digital assets encourages investment and market liquidity. Does this make it easier to run a small business? — Small businesses and dealers in digital assets benefit from clear mark-to-market accounting rules and lending provisions. Is this likely to create jobs? — Clarifying rules for digital assets and market participation can encourage growth in the fintech sector. Does this make the government pay for what it commits to? — Establishes consistent tax definitions and regulatory boundaries for digital assets.
- Governance And Ideology
- Does this make it easier to do business across state lines? — Establishes clear nationwide tax rules and definitions that facilitate smoother digital asset trading across state and international lines. Does this make what the government does easier for the public to see? — Provides formal statutory definitions for digital assets, stablecoins, and related trading terms. Does this give the federal government more power? — Grants the Secretary broad authority to issue regulations and define covered digital assets to prevent abuse.
- National Security And Foreign Policy
- Does this make trade with other countries easier? — The trading safe harbor encourages international participation and investment liquidity in U.S. digital asset markets.
- 6/8/2026
- Referred to the House Committee on Ways and Means.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.