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SNOOP Act of 2022

USA117th CongressS-3546| Senate 
| Updated: 2/1/2022
Bill Hagerty

Bill Hagerty

Republican Senator

Tennessee

Cosponsors (18)
Joni Ernst (Republican)Rick Scott (Republican)Mike Braun (Republican)Roger Marshall (Republican)Thomas Tillis (Republican)Jerry Moran (Republican)Cynthia M. Lummis (Republican)Mitt Romney (Republican)Ted Cruz (Republican)Kevin Cramer (Republican)James Lankford (Republican)John Kennedy (Republican)John Cornyn (Republican)Chuck Grassley (Republican)Marco Rubio (Republican)Rob Portman (Republican)John Hoeven (Republican)Shelley Moore Capito (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Stop the Nosy Obsession with Online Payments Act of 2022 or the SNOOP Act of 2022 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.
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Timeline
Feb 1, 2022
Introduced in Senate
Feb 1, 2022
Read twice and referred to the Committee on Finance.
Mar 3, 2022

Latest Companion Bill Action

HR 117-6913
Introduced in House
  • February 1, 2022
    Introduced in Senate


  • February 1, 2022
    Read twice and referred to the Committee on Finance.


  • March 3, 2022

    Latest Companion Bill Action

    HR 117-6913
    Introduced in House

Taxation

Related Bills

  • S 117-948: A bill to protect American small businesses, gig workers, and freelancers by repealing the burdensome American Rescue Plan Act of 2021 transactions reporting threshold.
  • HR 117-6913: SNOOP Act of 2022
  • HR 117-3425: Saving Gig Economy Taxpayers Act

SNOOP Act of 2022

USA117th CongressS-3546| Senate 
| Updated: 2/1/2022
Stop the Nosy Obsession with Online Payments Act of 2022 or the SNOOP Act of 2022 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 1, 2022
Introduced in Senate
Feb 1, 2022
Read twice and referred to the Committee on Finance.
Mar 3, 2022

Latest Companion Bill Action

HR 117-6913
Introduced in House
  • February 1, 2022
    Introduced in Senate


  • February 1, 2022
    Read twice and referred to the Committee on Finance.


  • March 3, 2022

    Latest Companion Bill Action

    HR 117-6913
    Introduced in House
Bill Hagerty

Bill Hagerty

Republican Senator

Tennessee

Cosponsors (18)
Joni Ernst (Republican)Rick Scott (Republican)Mike Braun (Republican)Roger Marshall (Republican)Thomas Tillis (Republican)Jerry Moran (Republican)Cynthia M. Lummis (Republican)Mitt Romney (Republican)Ted Cruz (Republican)Kevin Cramer (Republican)James Lankford (Republican)John Kennedy (Republican)John Cornyn (Republican)Chuck Grassley (Republican)Marco Rubio (Republican)Rob Portman (Republican)John Hoeven (Republican)Shelley Moore Capito (Republican)

Finance Committee

Taxation

Related Bills

  • S 117-948: A bill to protect American small businesses, gig workers, and freelancers by repealing the burdensome American Rescue Plan Act of 2021 transactions reporting threshold.
  • HR 117-6913: SNOOP Act of 2022
  • HR 117-3425: Saving Gig Economy Taxpayers Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted