,,ii #aagth ,,congress #ast ,session ,s4 #idh ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #bd1 #bjba,mr4 ,scott of ,florida introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to protect ,american small businesses1 gig workers1 and freelancers by repealing the burdensome ,american ,rescue ,plan ,act of #bjba transactions reporting threshold4 #a4 ,repeal of modifications of exceptions for reporting of third party network transactions 7a7 ,in general ,section #fjej,w7e7 of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7e7 ,exception for de minimis payments by third party settlement organizations ,a third party settlement organization shall be required to report any information under subsection 7a7 with respect to third party network transactions of any participating payee only if-- 7#a7 the amount which would otherwise be reported under subsection 7a77#b7 with respect to such transactions exceeds #bj1jjj1 and 7#b7 the aggregate number of such transactions exceeds #bjj4 4 7b7 ,effective date ,the amendment made by this section shall apply to returns for calendar years beginning after ,december #ca1 #bjba4