,,ii  #aagth ,,congress  #b;d ,session  
,s4 #dgea  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,august #c1    
#bjbb,mr4 ,toomey 7for himself1 ,ms4    
,sinema1 ,ms4 ,lummis1 ,mr4 ,warner1 and
 ,mr4 ,portman7 introduced the following
 bill2 which was read twice and referred
 to the ,committee on ,finance  ,a      
,,bill  ,to revise the definition of a  
broker for purposes of certain reporting
 requirements with respect to digital   
asset transfers under the ,internal     
,revenue ,code of #aihf1 and for other  
purposes4  #a4 ,information reporting   
for brokers and digital assets  7a7     
,clarification of definition of broker  
,subparagraph 7,d7 of section           
#fjde7;c77#a7 of the ,internal ,revenue 
,code of #aihf1 as added by section     
#hjfjc7;a77#c7 of the ,infrastructure   
,investment and ,jobs ,act 7,public ,law
 #aag-eh71 is amended by striking is    
responsible for regularly providing any 
service effectuating and inserting      
regularly effectuates4  7b7 ,rules of   

construction ,section #hjfjc of the     
,infrastructure ,investment and ,jobs   
,act is amended by striking subsection  
7d7 and inserting the following3  7d7   
,rules of construction  7#a7 ,definition
 of broker ,nothing in this section or  
the amendments made by this section     
shall be construed to create any        
inference that a person described in    
section #fjde7;c77#a77;,d7 of the       
,internal ,revenue ,code of #aihf1 as   
added by this section1 includes any     
person solely engaged in the business   
of-- 7,a7 validating distributed ledger 
transactions1 without providing other   
functions or services1 or  7,b7 selling 
hardware or software for which the sole 
function is to permit persons to control
 private keys which are used for        
accessing digital assets on a           
distributed ledger4  7#b7 ,brokers and  
treatment of digital assets ,nothing in 
this section or the amendments made by  
this section shall be construed to      
create any inference1 for any period    

prior to the effective date of such     
amendments1 with respect to-- 7,a7      
whether any person is a broker under    
section #fjde7;c77#a7 of the ,internal  
,revenue ,code of #aihf1 or  7,b7       
whether any digital asset is property   
which is a specified security under     
section #fjde7;g77#c77;,b7 of such      
,code4  4  7c7 ,effective date ,the     
amendments made by this section shall   
take effect as if included in the       
enactment of section #hjfjc of the      
,infrastructure ,investment and ,jobs   
,act4