,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #dfjb  ,,in ,,the ,,house ,,of  
,,representatives  ,may #g1 #bjad ,mr4  
,stockman introduced the following bill2
 which was referred to the ,committee on
 ,ways and ,means  ,a ,,bill  ,to change
 the tax status of virtual currencies   
from property to foreign currency  #a4  
,short title ,this ,act may be cited as 
the ,virtual ,currency ,tax ,reform     
,act4  #b4 ,congressional findings      
,congress finds that classifying virtual
 currencies as property subjects users  
to capital gains tax on any transaction 
using the virtual currency based on any 
gain or loss relative to the change in  
the virtual currency's value from the   
time of purchase4  #c4 ,definitions     
,virtual currency is a digital          
representation of value that functions  
as a medium of exchange1 a unit of      
account1 and_/or a store of value4  #d4 
,general authorization ,the ,internal   
,revenue ,service shall treat virtual   
currencies as a foreign currency for    

,federal tax purposes4  #e4 ,moratorium 
7#a7 ,for a period of five years        
following the date of the enactment of  
this ,act1 the ,federal ,government     
shall not impose1 assess1 collect1 or   
attempt to collect capital gains tax on 
virtual currencies4  7#b7 ,nothing in   
this ,act shall prevent1 impair or      
impede the operation of any government  
agency1 authority1 or instrumentality1  
whether of the ,federal ,government or  
of any ,state or political subdivision  
thereof1 to enforce currently existing  
criminal1 civil1 or taxation statutes   
and regulations4  #f4 ,effective date   
,the provisions of this ,act shall take 
effect at the beginning of the fiscal   
year following enactment4