,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #dfjb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #g1 #bjad ,mr4   
,/ockman introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to *ange ! tax /atus (    
virtual curr5cies f prop]ty to =eign    
curr5cy  #a4  ,%ort title ,?is ,act may 
be cit$ z ! ,virtual ,curr5cy ,tax ,re=m
 ,act4  #b4 ,congressional f9d+s        
,congress f9ds t classify+ virtual      
curr5cies z prop]ty subjects us]s to    
capital ga9s tax on any transaction us+ 
! virtual curr5cy bas$ on any ga9 or    
loss relative to ! *ange 9 ! virtual    
curr5cy's value f ! "t ( pur*ase4  #c4  
,def9itions  ,virtual curr5cy is a      
digital repres5tation ( value t         
functions z a m$ium ( ex*ange1 a unit ( 
acc\nt1 &_/or a /ore ( value4  #d4      
,g5]al au?orization ,! ,int]nal ,rev5ue 
,s]vice %all treat virtual curr5cies z a
 =eign curr5cy = ,f$]al tax purposes4   
#e4 ,moratorium  7#a7 ,= a p]iod ( five 
ye>s foll[+ ! date ( ! enactm5t ( ?is   

,act1 ! ,f$]al ,gov]nm5t %all n impose1 
assess1 collect1 or attempt to collect  
capital ga9s tax on virtual curr5cies4  
7#b7 ,no?+ 9 ?is ,act %all prev5t1      
impair or imp$e ! op]ation ( any        
gov]nm5t ag5cy1 au?ority1 or            
in/rum5tality1 :e!r ( ! ,f$]al ,gov]nm5t
 or ( any ,/ate or political subdivision
 !re(1 to en=ce curr5tly exi/+ crim9al1 
civil1 or taxation /atutes &            
regulations4  #f4 ,effective date ,!    
provisions ( ?is ,act %all take effect  
at ! beg9n+ ( ! fiscal ye> foll[+       
enactm5t4