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United States of America: House Adoption of INVEST in America Act (Infrastructure Investment and Jobs Act)

Policy overview

Description

House Adoption of INVEST in America Act (Infrastructure Investment and Jobs Act)

The INVEST in America Act H.R. 3684, renamed as Infrastructure Investment and Jobs Act, was passed by the US House of Representatives, with the approval of the Senate amendments.

Scope

Policy Area
Taxation
Policy Instrument
Taxation, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament

Complete timeline of this policy change

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2021-08-01
under deliberation

The INVEST in America Act H.R. 3684 was amended by the US Senate. Among many measures in various se…

2021-08-10
adopted

The INVEST in America Act H.R. 3684, renamed as Infrastructure Investment and Jobs Act, was passed …

2021-08-10
under deliberation

The INVEST in America Act H.R. 3684 was passed by the US Senate and because of amendments sent back…

2021-11-05
adopted

On 5 November 2021, the US House of Representatives agreed to the amendments made by the US Senate …

2021-11-15
in grace period

On 15 November 2021, President Biden signed the Infrastructure Investment and Jobs Act into law. A…

2022-12-23
adopted

On 23 December 2022, the US Treasury Department and the Internal Revenue Service announced that bro…

2024-01-01
in force

The obligation to report crypte transactions to the IRS takes effect on 1 January 2024 for transact…

Key regulatory dimensions

Regulated subjects

The businesses, government agencies or individuals affected by this policy or regulatory change.
consumer / buyer
1
Type Private organisation
Economic activity cross-cutting
Category All
producer / supplier
2
Type Private organisation
Economic activity cross-cutting
Category All
3rd party
3
Type Private organisation
Economic activity digital payment provider (incl. cryptocurrencies)
Category All

Policy change by business practice

The detailed activities within the scope of this policy or regulatory change.
cryptoasset (any type): marketing: brokering
Regulatory tool
Regulator reporting requirement
Sanctions
Determined by existing law or regulation
Regulated subjects
2
1
3

Policy change by business practice

The detailed activities within the scope of this policy or regulatory change.

cryptoasset (any type): marketing: brokering