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.
Source: Congress.gov ·
240 words in original text
What This Bill Does
This bill removes certain reporting rules about digital asset transfers that were added by the Infrastructure Investment and Jobs Act. It returns the law to how it was before those reporting rules were created.
Who It Affects
Not specified in bill text
Key Provisions
• The amendments made by section 80603 of the Infrastructure Investment and Jobs Act are repealed and the provisions of law amended by that section are restored as if that section had never been enacted (Sec. 1(a))
What Changes
The reporting requirements about digital asset transfers that were added to federal law will be removed. The law will return to the way it was before those reporting requirements existed.
Important Definitions
Digital asset transfers: Not defined in bill text
Effective Date
The repeal takes effect on the date this bill becomes law (Sec. 1(b))
Important: This plain English summary was generated by AI and is provided for informational purposes only.
It is not legal advice. Always consult the official bill text on Congress.gov
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