,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #ejhc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,augu/ #bc1 #bjba,mr4 
,soto introduc$ ! foll[+ bill2 :i* 0    
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to cl>ify ! def9ition ( a
 brok]1 & = o!r purposes4  #a4 ,%ort    
title ,?is ,act may be cit$ z !         
,cryptocurr5cy ,tax ,re=m ,act4  #b4    
,in=mation report+ = brok]s & digital   
assets  7a7 ,cl>ification ( def9ition ( 
brok] ,section #fjde7;c77#a7 ( !        
,int]nal ,rev5ue ,code ( #aihf is       
am5d$-- 7#a7 by /rik+ & at ! end (      
subp>agraph 7,b71  7#b7 9 subp>agraph   
7,c7-- 7,a7 by /rik+ any o!r p]son :o 7=
 a consid]ation7 & ins]t+ any p]son :o  
7= consid]ation71 &  7,b7 by /rik+ !    
p]iod at ! end & ins]t+ 1 &1 &  7#c7 by 
add+ at ! end ! foll[+ new subp>agraph3 
7,d7 any p]son :o 7= consid]ation7 is   
responsible = regul>ly provid+ any      
s]vice effectuat+ transf]s ( digital    
assets on behalf ( ano!r p]son4  4  7b7 

,report+ ( digital assets  7#a7 ,brok]s 
7,a7 ,treatm5t z specifi$ security      
,section #fjde7;g77#c77;,b7 ( ! ,int]nal
 ,rev5ue ,code ( #aihf is am5d$ by /rik+
 & at ! end ( clause 7iii71 by          
r$esignat+ clause 7iv7 z clause 7v71 &  
by ins]t+ aft] clause 7iii7 ! foll[+ new
 clause3  7iv7 any digital asset1 &  4  
7,b7 ,def9ition ( digital asset ,section
 #fjde7;g77#c7 ( su* ,code is am5d$ by  
add+ at ! end ! foll[+ new subp>agraph3 
7,d7 ,digital asset ,except z o!rwise   
provid$ by ! ,secret>y1 ! t]m digital   
asset means any digital repres5tation ( 
value :i* is record$ on a               
cryptographically secur$ di/ribut$ l$g] 
or any simil> te*nology z specifi$ by ! 
,secret>y4  4  7,c7 ,applicable date    
,section #fjde7;g77#c77;,c7 ( su* ,code 
is am5d$-- 7i7 9 clause 7ii71 by /rik+ &
 at ! end1  7ii7 by r$esignat+ clause   
7iii7 z clause 7iv71 &  7iii7 by ins]t+ 
aft] clause 7iii7 ! foll[+3  7iii7      
,janu>y #a1 #bjbc1 9 ! case ( any       
specifi$ security :i* is a digital      

asset1 &  4  7#b7 ,furni%+ ( in=mation  
7,a7 ,9 g5]al ,section #fjde;,a ( su*   
,code is am5d$-- 7i7 9 subsection 7a71  
by /rik+ a security :i* is1 &  7ii7 by  
add+ at ! end ! foll[+3  7b7 ,return    
requirem5t = c]ta9 transf]s ( digital   
assets n o!rwise subject to report+ ,any
 brok]1 ) respect to any transf] 7:i* is
 n "p ( a sale or ex*ange execut$ by su*
 brok]7 dur+ a cal5d> ye> ( a cov]$     
security :i* is a digital asset f an    
acc\nt ma9ta9$ by su* brok] to an acc\nt
 :i* is n ma9ta9$ by1 or an address n   
associat$ )1 a p]son t su* brok] kn[s or
 has reason to "k is also a brok]1 %all 
make a return = su* cal5d> ye>1 9 su* =m
 z det]m9$ by ! ,secret>y1 %[+ !        
in=mation o!rwise requir$ to be furni%$ 
) respect to transf]s subject to        
subsection 7a74  4  7,b7 ,report+       
p5alties ,section #fgbd7;d77#a77;,b7 (  
su* ,code is am5d$ by /rik+ or at ! end 
( clause 7xxv71 by /rik+ & at ! end (   
clause 7xxvi71 & by ins]t+ aft] clause  
7xxvi7 ! foll[+ new clause3  7xxvii7    

section #fjde;,a7d7 7relat+ to returns =
 c]ta9 digital assets71  4  7,c7        
,treatm5t z ca% = purposes ( section    
#fjej;,i ,section #fjej;,i7d7 ( su*     
,code is am5d$ by /rik+ & at ! end (    
p>agraph 7#a71 by /rik+ ! p]iod at ! end
 ( p>agraph 7#b7 & ins]t+ 1 &1 & by     
ins]t+ aft] p>agraph 7#b7 ! foll[+ new  
p>agraph3  7#c7 any digital asset 7z    
def9$ 9 section #fjde7;g77#c77;,d74  4  
7c7 ,effective date ,! am5dm5ts made by 
?is section %all apply to returns       
requir$ to be fil$1 & /atem5ts requir$  
to be furni%$1 aft] ,decemb] #ca1 #bjbc4
  7d7 ,rules ( con/ruction  7#a7        
,def9ition ( brok] ,no?+ 9 ?is section  
or ! am5dm5ts made by ?is section %all  
be con/ru$ to create any inf]5ce t a    
p]son describ$ 9 section                
#fjde7;c77#a77;,d7 ( ! ,int]nal ,rev5ue 
,code ( #aihf1 z add$ by ?is section1   
includes any p]son solely engag$ 9 !    
bus9ess (-- 7,a7 validat+ di/ribut$ l$g]
 transactions1  7,b7 sell+ h>dw>e or    
s(tw>e = :i* ! sole function is to p]mit

 a p]son to control private keys :i* are
 us$ = access+ digital assets on a      
di/ribut$ l$g]1 or  7,c7 develop+       
digital assets or _! correspond+        
protocols = use by o!r p]sons1 provid$ t
 su* o!r p]sons are n cu/om]s ( ! p]son 
develop+ su* assets or protocols4  7#b7 
,brok]s & treatm5t ( digital assets     
,no?+ 9 ?is section or ! am5dm5ts made  
by ?is section %all be con/ru$ to create
 any inf]5ce1 = any p]iod prior to !    
effective date ( su* am5dm5ts1 ) respect
 to-- 7,a7 :e!r any p]son is a brok] "u 
section #fjde7;c77#a7 ( ! ,int]nal      
,rev5ue ,code ( #aihf1 or  7,b7 :e!r any
 digital asset is prop]ty :i* is a      
specifi$ security "u section            
#fjde7;g77#c77;,b7 ( su* ,code4