S 26 118th Congress Senate Taxation Small business Tax administration and collection, taxpayers Wages and earnings

SNOOP Act of 2023

Introduced: January 23, 2023 Introduced by: Hagerty, Bill Republican · Tennessee See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 23, 2023

Read twice and referred to the Committee on Finance.

Jan 23, 2023

Introduced in Senate

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Plain-English summary Congressional Research Service

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.

What's happening now January 23, 2023

Read twice and referred to the Committee on Finance.

Related & companion bills 3

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Finance Committee
Senate

Lobbying activity 2

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

NATIONAL TAXPAYERS UNION
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Cosponsors 28