US HB2144 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on April 9 2019 - 25% progression, died in committee
Action: 2019-04-09 - Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 9 2019 - 25% progression, died in committee
Action: 2019-04-09 - Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Specifies that digital tokens, such as those used in virtual currencies, are not securities for regulatory purposes. The bill also provides for the tax treatment of virtual currencies, including by excluding from gross income any gains from virtual currency transactions up to $600, retroactive to January 1, 2017.
Title
Token Taxonomy Act of 2019
Sponsors
Rep. Warren Davidson [R-OH] | Rep. Darren Soto [D-FL] | Rep. Josh Gottheimer [D-NJ] | Sen. Ted Budd [R-NC] |
Rep. Tulsi Gabbard [D-HI] | Rep. Scott Perry [R-PA] | Rep. John Rose [R-TN] | Rep. Eric Swalwell [D-CA] |
Rep. Anthony Gonzalez [R-OH] |
History
Date | Chamber | Action |
---|---|---|
2019-04-09 | House | Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
2019-04-09 | House | Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
2019-04-09 | House | Introduced in House |
Subjects
Administrative law and regulatory procedures
Banking and financial institutions regulation
Capital gains tax
Computers and information technology
Currency
Digital media
Employee benefits and pensions
Federal preemption
Federal Trade Commission (FTC)
Finance and financial sector
Financial services and investments
Fraud offenses and financial crimes
Income tax exclusion
Securities
State and local government operations
Tax administration and collection, taxpayers
Banking and financial institutions regulation
Capital gains tax
Computers and information technology
Currency
Digital media
Employee benefits and pensions
Federal preemption
Federal Trade Commission (FTC)
Finance and financial sector
Financial services and investments
Fraud offenses and financial crimes
Income tax exclusion
Securities
State and local government operations
Tax administration and collection, taxpayers
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/2144/all-info |
Text | https://www.congress.gov/116/bills/hr2144/BILLS-116hr2144ih.pdf |