SNOOP Act of 2023
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
Stop the Nosy Obsession with Online Payments Act of 2023 or the SNOOP Act of 2023
This bill modifies requirements for third party settlement organizations to eliminate their reporting requirement with respect to the transactions of their participating payees unless they have earned more than $20,000 on more than 200 separate transactions in an applicable tax period. A third party settlement organization is the central organization that has the contractual obligation to make payments to participating payees (generally, a merchant or business) in a third party payment network.
This reverses a provision in the American Rescue Plan Act of 2021 that lowered the reporting threshold to $600 with no minimum on the number of transactions.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 488: SNOOP Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-488/
"H.R. 488: SNOOP Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-488/.
H.R. 488, 118th Cong. (2026), https://openamerica.io/bill/118-HR-488/.
[H.R. 488: SNOOP Act of 2023](https://openamerica.io/bill/118-HR-488/)