To amend the Internal Revenue Code of 1986 to reinstate the exception for de minimis payments by third party settlement organizations with respect to returns relating to payments made in settlement of payment card and third party network transactions, as in effect prior to the enactment of the American Rescue Plan Act, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill adds or tightens a reporting req, compliance mandate provision: 2 and adds or tightens a reporting req, compliance mandate provision: 3. It relies on reporting requirements and compliance mandates. The main policy areas are Transportation.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Adds or tightens a reporting req, compliance mandate provision: 2.
- Adds or tightens a reporting req, compliance mandate provision: 3.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill adds or tightens a reporting req, compliance mandate provision: 2 and adds or tightens a reporting req, compliance mandate provision: 3.
Key Policy Areas
Transportation
Primary Purpose
The bill adds or tightens a reporting req, compliance mandate provision: 2 and adds or tightens a reporting req, compliance mandate provision: 3.
Policy Domains
Sponsors
Legislative Progress
IntroducedMr. Hagerty introduced the following bill; which was read twice …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology