,,ii  #aai? ,,congress  #a/ ,session    
,s4 #acge  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,april #i1 #bjbe,mr4   
,hag]ty introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,f9ance  ,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 ! ,/op !  
,nosy ,obsession ) ,onl9e ,paym5ts ,act 
( #bjbe or ! ,,snoop ,act ( #bjbe4  #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 #ifgd7;a7 ( ! ,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 ,! am5dm5t made by ?is  
section %all apply to cal5d> ye>s beg9n+
 aft] ,decemb] #ca1 #bjbd4