SNOOP Act of 2022
Latest action · Mar 3, 2022 Referred to the House Committee on Ways and Means.
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.
- IntroducedMar 3, 2022
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Stop the Nosy Obsession with Online Payments Act of 2022 or the SNOOP Act of 2022
This bill modifies requirements for third party settlement organizations to eliminate their reporting requirement with respect to the transactions of their participating payees unless they have earned more than $20,000 on more than 200 separate transactions in an applicable tax period. A third party settlement organization is the central organization that has the contractual obligation to make payments to participating payees (generally, a merchant or business) in a third party payment network.
This reverses a provision in the American Rescue Plan Act of 2021 that lowered the reporting threshold to $600 with no minimum on the number of transactions.
Cosponsors 28
Members who signed on, in the order they did. Signatures ran from Mar 3, 2022 to Dec 6, 2022; 11 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-NY | Andrew R. Garbarino | Original | Mar 3, 2022 |
| R-OH | Bill Johnson | Original | Mar 3, 2022 |
| R-FL | Byron Donalds | Original | Mar 3, 2022 |
| R-FL | Carlos A. Gimenez | Original | Mar 3, 2022 |
| R-WV | David B. McKinley | Original | Mar 3, 2022 |
| R-CO | Ken Buck | Original | Mar 3, 2022 |
| R-FL | Neal P. Dunn | Original | Mar 3, 2022 |
| R-NC | Ted Budd | Original | Mar 3, 2022 |
| R-TN | Tim Burchett | Original | Mar 3, 2022 |
| R-CA | Tom McClintock | Original | Mar 3, 2022 |
| R-NM | Yvette Herrell | Original | Mar 3, 2022 |
| R-TX | Dan Crenshaw | Mar 9, 2022 | |
| R-IN | Larry Bucshon | Mar 16, 2022 | |
| R-FL | Maria Elvira Salazar | Mar 16, 2022 | |
| R-FL | Mario Diaz-Balart | Mar 16, 2022 | |
| R-NC | Richard Hudson | Mar 16, 2022 | |
| R-TN | Diana Harshbarger | May 13, 2022 | |
| R-VA | H. Morgan Griffith | May 13, 2022 | |
| R-UT | Burgess Owens | May 19, 2022 | |
| R-SC | Ralph Norman | Jun 13, 2022 | |
| R-FL | W. Gregory Steube | Jun 16, 2022 | |
| R-MN | Pete Stauber | Jun 23, 2022 | |
| R-MO | Vicky Hartzler | Jun 23, 2022 | |
| R-IA | Mariannette Miller-Meeks | Jun 28, 2022 | |
| R-TN | Mark E. Green | Jul 1, 2022 | |
| R-KS | Tracey Mann | Jul 1, 2022 | |
| R-FL | Scott Franklin | Jul 13, 2022 | |
| R-PA | Daniel Meuser | Dec 6, 2022 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Mar 3, 2022 |
Actions 2
Everything that happened, newest first.
- Mar 3, 2022Introduced in House
- Mar 3, 2022Referred to the House Committee on Ways and Means.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H8806 | Daniel Meuser R-PA | Dec 7, 2022 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 168, no. 39, March 3, 2022, page H1302.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| IF12095 | Payment Settlement Entities and IRS Reporting Requirements | Resource | May 3, 2022 |
Related bills 4
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 488 | SNOOP Act of 2023 | Reintroduced Bill | Jan 24, 2023 |
| S 948 | A bill to protect American small businesses, gig workers, and freelancers by repealing the burdensome American Rescue Plan Act of 2021 transactions reporting threshold. | Related bill | Mar 24, 2021 |
| HR 3425 | Saving Gig Economy Taxpayers Act | Related bill | May 20, 2021 |
| S 3546 | SNOOP Act of 2022 | Identical bill | Feb 1, 2022 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to repeal the amendments made to reporting of third party network transactions by the American Rescue Plan Act of 2021.
- Short Title(s) as Introduced
- SNOOP Act of 2022
- Stop the Nosy Obsession with Online Payments Act of 2022
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Mar 3, 2022Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
