United States of America: Budget reconciliation Bill 2025 (One Big Beautiful Bill Act/HR 1) including amendments to section 70432 restoring reporting thresholds for third party payment networks was adopted
Description
Budget reconciliation Bill 2025 (One Big Beautiful Bill Act/HR 1) including amendments to section 70432 restoring reporting thresholds for third party payment networks was adopted
On 3 July 2025, the Budget Reconciliation Bill 2025/One Big Beautiful Bill Act was adopted following the House of Representatives' motion agreeing to the Senate amendments, passed the House of Representatives after having been passed by the Senate o…
Scope
Policy Area
Taxation
Policy Instrument
Taxation, nes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), platform intermediary: e-commerce, platform intermediary: other
Implementation Level
national
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
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2025-05-20
under deliberation
2025-07-01
under deliberation
2025-07-03
adopted