of 2019
Latest action · Apr 9, 2019 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.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 9, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Token Taxonomy Act of 2019
This bill 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.
Cosponsors 8
Members who signed on, in the order they did. Signatures ran from Apr 9, 2019 to Dec 6, 2019, with 5 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-FL | Darren Soto | Original | Apr 9, 2019 |
| D-NJ | Josh Gottheimer | Original | Apr 9, 2019 |
| R-PA | Scott Perry | Original | Apr 9, 2019 |
| R-NC | Ted Budd | Original | Apr 9, 2019 |
| D-HI | Tulsi Gabbard | Original | Apr 9, 2019 |
| D-CA | Eric Swalwell | Jun 4, 2019 | |
| R-TN | John W. Rose | Jun 4, 2019 | |
| R-OH | Anthony Gonzalez | Dec 6, 2019 |
Actions 2
Everything that happened, newest first.
- Apr 9, 2019Introduced in House
- Apr 9, 2019Referred 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.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- 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
Text 1
Each version as it was printed, newest first.
- Apr 9, 2019Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
