,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #cifc  ,,in ,,the ,,house ,,of  
,,representatives  ,july #be1 #bjai,mr4 
,budd introduced the following bill2    
which was referred to the ,committee on 
,ways and ,means  ,a ,,bill  ,to amend  
the ,internal ,revenue ,code of #aihf to
 allow exclusion of gain or loss on     
like-kind exchanges of virtual currency4
  #a4 ,short title ,this ,act may cited 
as the ,virtual ,value ,tax ,fix ,act of
 #bjai4  #b4 ,exclusion for like-kind   
exchanges of virtual currency  7a7 ,in  
general ,section #ajca of the ,internal 
,revenue ,code of #aihf is amended by   
adding at the end the following new     
subsection3  7i7 ,special rule for      
virtual currency  7#a7 ,in general ,for 
purposes of this section1 the exchange  
of virtual currency for virtual currency
 of like kind shall be treated in the   
same manner as the exchange of real     
property for real property of like kind4
  7#b7 ,termination ,paragraph 7#a7     
shall not apply with respect to any     

exchange completed after ,december #ca1 
#bjbd4  4  7b7 ,effective date ,the     
amendments made by this section shall   
apply with respect to exchanges         
completed after the date of the         
enactment of this ,act4