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S 1761 118th Congress Senate Taxation

Red Tape Reduction Act of 2023

Introduced: October 4, 2023 See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
May 30, 2023
Read twice and referred to the Committee on Finance.
May 30, 2023
Introduced in Senate
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 Plain-English summary Congressional Research Service

Red Tape Reduction Act of 2023

This bill modifies the reporting requirements for payments made in settlement of payment card and third party network transactions. Under current law, settlement organizations are not required to report information for transactions that do not exceed $600. This bill increases the reporting threshold so that settlement organizations are exempt from reporting requirements if the applicable transactions do not exceed $10,000, or there are no more that 50 such transactions.

What's happening now May 30, 2023

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • S 1725 Related bill Red Tape Reduction Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 1

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

  • EBAY INC.
    for EBAY INC. · District of Columbia · 2nd Quarter (Apr 1 - June 30) 2025
 Cosponsors 4
All 4 Democratic 1 Republican 3
R
Wicker, Roger F.
Mississippi · Oct 25, 2023
 D
Hassan, Margaret Wood
New Hampshire · Oct 4, 2023
 R
Hyde-Smith, Cindy
Mississippi · Oct 4, 2023
 R
Cassidy, Bill
Louisiana · May 30, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1761: Red Tape Reduction Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-S-1761/
MLA
"S. 1761: Red Tape Reduction Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-1761/.
Bluebook (legal)
S. 1761, 118th Cong. (2026), https://openamerica.io/bill/118-S-1761/.
Markdown link
[S. 1761: Red Tape Reduction Act of 2023](https://openamerica.io/bill/118-S-1761/)
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