Virtual Currency Tax Fairness Act
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
This bill, Virtual Currency Tax Fairness Act, changes federal law or congressional policy affecting importers, exporters, and commercial firms. The main policy domain is Trade, Foreign Policy.
Who Benefits and How
importers, exporters, and commercial firms may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, importers, exporters, and commercial firms may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HA0A76E1B62864C07BAE12DD9A82453B0: 1. Short title This Act may be cited as the Virtual Currency Tax Fairness Act.
- Section idC1CDE8BA50AF484286E96D286DABB55E: 2. Virtual currency Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 139L the following new...
- Section H7CEA82119BD14C1E84BA4EB4F0EC04C3: 139K. De minimis gain or loss from sale or exchange of virtual currency Subject to subsection (b), gross income shall not include gain or loss from the sale or...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, Virtual Currency Tax Fairness Act, changes federal law or congressional policy affecting importers, exporters, and commercial firms.
Key Policy Areas
Trade, Foreign Policy
Primary Purpose
This bill, Virtual Currency Tax Fairness Act, changes federal law or congressional policy affecting importers, exporters, and commercial firms.
Policy Domains
Whole bill
Identified Gains
- importers, exporters, and commercial firms
Identified Costs
- federal implementing agencies
- importers, exporters, and commercial firms
Sponsors
Legislative Progress
In CommitteeRead twice and referred to the Committee on Finance.
Introduced in Senate
Mr. Budd 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