S. 491 118th Congress Senate

CVV Act

Official title: A bill to amend the Internal Revenue Code of 1986 to require that online contributions to a political organization require a credit verification value.

Introduced: July 30, 2024 See on congress.gov

Taxation

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 16, 2023

Read twice and referred to the Committee on Finance.

Feb 16, 2023

Introduced in Senate

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Latest action February 16, 2023

Read twice and referred to the Committee on Finance.

Plain-English summary Congressional Research Service

Codification of Verified Values Act or the CVV Act

This bill requires a contributor to political organizations who uses a credit card to make online contributions to such organizations to disclose the credit verification value of such credit card at the time a contribution is made. A credit verification value is a series of numbers on a credit card (usually on the back of the card) that provides additional security for a transaction by credit card.

Related & companion bills 1

Bill text 1 version