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HR 3877 112th Congress House

1099K Overreach Prevention Act

Official title: To amend the Internal Revenue Code of 1986 to prohibit the Secretary of the Treasury from requiring that taxpayers reconcile amounts with respect to reportable… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to prohibit the Secretary of the Treasury from requiring that taxpayers reconcile amounts with respect to reportable payment transactions to amounts related to gross receipts and sales.

Introduced: March 29, 2012 See on congress.gov
Taxation Accounting and auditingTax administration and collection, taxpayers
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 1, 2012
Referred to the House Committee on Ways and Means.
Feb 1, 2012
Introduced in House
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 Latest action February 1, 2012

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

1099K Overreach Prevention Act - Amends the Internal Revenue Code to exempt taxpayers who are required to report payments made in settlement of payment card and third party network transactions from any requirement to reconcile such payments to amounts related to gross receipts or sales.

 Related & companion bills 1
  • S 2083 Identical bill 1099K Overreach Prevention Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 15
All 15 Republican 2
R
Scott, Austin
Georgia · Mar 29, 2012
MCKEON, HOWARD
· Mar 28, 2012
McCotter, Thaddeus
· Feb 28, 2012
Forbes, J.
· Feb 24, 2012
 R
Gosar, Paul A.
Arizona · Feb 24, 2012
Meehan, Patrick
· Feb 24, 2012
Black, Diane
· Feb 21, 2012
Paulsen, Erik
· Feb 21, 2012
HERGER, WALLY
· Feb 14, 2012
JOHNSON, TIMOTHY
· Feb 14, 2012
Hultgren, Randy
· Feb 13, 2012
Roskam, Peter
· Feb 9, 2012
BURTON, DAN
· Feb 6, 2012
Graves, Tom
· Feb 3, 2012
LOBIONDO, FRANK
· Feb 2, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3877: 1099K Overreach Prevention Act. 112th Congress. Open America. https://openamerica.io/bill/112-HR-3877/
MLA
"H.R. 3877: 1099K Overreach Prevention Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-3877/.
Bluebook (legal)
H.R. 3877, 112th Cong. (2026), https://openamerica.io/bill/112-HR-3877/.
Markdown link
[H.R. 3877: 1099K Overreach Prevention Act](https://openamerica.io/bill/112-HR-3877/)
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