,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #cgjh  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,septemb] #g1         
#bjag,mr4 ,s*weik]t 7= himself & ,mr4   
,polis7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to exclude f gross income
 de m9imis ga9s f c]ta9 sales or        
ex*anges ( virtual curr5cy1 & = o!r     
purposes4  #a4 ,virtual curr5cy  7a7 ,9 
g5]al ,"p ,,iii ( sub*apt] ,b ( *apt] #a
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ by ins]t+ aft] section #aci;,f !  
foll[+ new section3  #aci;,g4 ,ga9 f    
sale or ex*ange ( virtual curr5cy  7a7  
,9 g5]al ,gross income %all n include   
ga9 f ! sale or ex*ange ( virtual       
curr5cy = o!r ?an ca% or ca% equival5ts4
  7b7 ,limitation  7#a7 ,9 g5]al ,!     
am\nt ( ga9 exclud$ f gross income "u   
subsection 7a7 ) respect to a sale or   
ex*ange %all n exce$ #fjj4  7#b7        
,aggregation rule ,= purposes ( ?is     
subsection1 all sales or ex*anges :i*   

are "p ( ! same transaction 7or a s]ies 
( relat$ transactions7 %all be treat$ z 
"o sale or ex*ange4  7c7 ,virtual       
curr5cy ,= purposes ( ?is section1 ! t]m
 virtual curr5cy means a digital        
repres5tation ( value t is us$ z a m$ium
 ( ex*ange & is n o!rwise curr5cy "u    
section #ihh4  7d7 ,inflation adju/m5t  
,9 ! case ( any taxable ye> beg9n+ 9 a  
cal5d> ye> aft] #bjah1 ! doll> am\nt 9  
subsection 7b7 %all be increas$ by an   
am\nt equal to--  7#a7 su* doll> am\nt1 
multipli$ by  7#b7 ! co/-(-liv+ adju/m5t
 det]m9$ "u section #a7;f77#c7 = !      
cal5d> ye> 9 :i* ! taxable ye> beg9s1   
det]m9$ by sub/itut+ cal5d> ye> #bjag = 
cal5d> ye> #aiib 9 subp>agraph 7,b7     
!re(4  ,any increase det]m9$ "u ! prec$+
 s5t5ce %all be r\nd$ to ! ne>e/        
multiple ( #ej4  4  7b7 ,cl]ical am5dm5t
 ,! table ( sections = "p ,,iii (       
sub*apt] ,b ( *apt] #a ( su* ,code is   
am5d$ by ins]t+ aft] ! item relat+ to   
section #aci;,f ! foll[+ new item3      
,sec4 #aci;,g4 ,ga9 f sale or ex*ange ( 

virtual curr5cy4  4  7c7 ,report+ ( ga9s
 or losses ,! ,secret>y %all issue      
regulations provid+ = in=mation returns 
on virtual curr5cy transactions = :i*   
ga9 or loss is recogniz$4  7d7          
,effective date ,! am5dm5ts made by ?is 
section %all apply ) respect to         
transactions ent]$ into aft] ,decemb]   
#ca1 #bjag4