,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #ahhb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #e1 #bjbe,mrs4   
,mill] ( ,we/ ,virg9ia 7= h]self1 ,mr4  
,bu*anan1 ,mr4 ,smi? ( ,nebraska1 ,mr4  
,kelly ( ,p5nsylvania1 ,mr4 ,s*weik]t1  
,mr4 ,la,hood1 ,mr4 ,arr+ton1 ,mr4      
,e/es1 ,mr4 ,smuck]1 ,mr4 ,h]n (        
,oklahoma1 ,mr4 ,murphy1 ,mr4 ,ku/(f1   
,mr4 ,fitzpatrick1 ,mr4 ,/eube1 ,ms4    
,t5ney1 ,mrs4 ,fis*ba*1 ,mr4 ,moore (   
,utah1 ,ms4 ,van ,duyne1 ,mr4 ,fe5/ra1  
,ms4 ,malliotakis1 ,mr4 ,c>ey1 ,mr4     
,yakym1 ,mr4 ,mill] ( ,ohio1 ,mr4 ,bean 
( ,florida1 & ,mr4 ,moran7 introduc$ !  
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to re9/ate ! exception = de m9imis
 paym5ts by ?ird p>ty settlem5t         
organizations ) respect to returns      
relat+ to paym5ts made 9 settlem5t (    
paym5t c>d & ?ird p>ty network          
transactions1 z 9 effect prior to !     
enactm5t ( ! ,am]ican ,rescue ,plan     

,act1 & = o!r purposes4  #a4 ,%ort title
 ,?is ,act may be cit$ z ! ,sav+ ,gig   
,economy ,taxpay]s ,act4  #b4           
,re9/atem5t ( exception = de m9imis     
paym5ts z 9 effect prior to enactm5t (  
,am]ican ,rescue ,plan ,act  7a7 ,9     
g5]al ,section #fjej,w7e7 ( ! ,int]nal  
,rev5ue ,code ( #aihf is am5d$ to read z
 foll[s3  7e7 ,exception = de m9imis    
paym5ts by ?ird p>ty settlem5t          
organizations ,a ?ird p>ty settlem5t    
organization %all be requir$ to report  
any in=mation "u subsection 7a7 )       
respect to ?ird p>ty network            
transactions ( any p>ticipat+ payee only
 if-- 7#a7 ! am\nt :i* w\ld o!rwise be  
report$ "u subsection 7a77#b7 ) respect 
to su* transactions exce$s #bj1jjj1 &   
7#b7 ! aggregate numb] ( su*            
transactions exce$s #bjj4  4  7b7       
,effective date ,! am5dm5t made by ?is  
section %all take effect z if includ$ 9 
section #ifgd ( ! ,am]ican ,rescue ,plan
 ,act4  #c4 ,application ( de m9imis    
rule = ?ird p>ty network transactions to

 backup )hold+  7a7 ,9 g5]al ,section   
#cdjf7;b7 ( ! ,int]nal ,rev5ue ,code (  
#aihf is am5d$ by add+ at ! end ! foll[+
 new p>agraph3  7#h7 ,o!r reportable    
paym5ts include paym5ts 9 settlem5t (   
?ird p>ty network transactions only :]e 
aggregate transactions exce$ report+    
?re%old = ! cal5d> ye>  7,a7 ,9 g5]al   
,any paym5t 9 settlem5t ( a ?ird p>ty   
network transaction requir$ to be %[n on
 a return requir$ "u section #fjej,w :i*
 is made dur+ any cal5d> ye> %all be    
treat$ z a reportable paym5t only if--  
7i7 ! aggregate numb] ( transactions )  
respect to ! p>ticipat+ payee dur+ su*  
cal5d> ye> exce$s ! numb] ( transactions
 specifi$ 9 section #fjej,w7e77#b71 &   
7ii7 ! aggregate am\nt ( transactions ) 
respect to ! p>ticipat+ payee dur+ su*  
cal5d> ye> exce$s ! doll> am\nt specifi$
 9 section #fjej,w7e77#a7 at ! "t ( su* 
paym5t4  7,b7 ,exception if ?ird p>ty   
network transactions made 9 prior ye> 7 
reportable ,subp>agraph 7,a7 %all n     
apply ) respect to paym5ts to any       

p>ticipat+ payee dur+ any cal5d> ye> if 
"o or m paym5ts 9 settlem5t ( ?ird p>ty 
network transactions made by ! payor to 
! p>ticipat+ payee dur+ ! prec$+ cal5d> 
ye> 7 reportable paym5ts4  4  7b7       
,effective date ,! am5dm5ts made by ?is 
section %all apply to cal5d> ye>s beg9n+
 aft] ,decemb] #ca1 #bjbd4