Legis Daily

SNOOP Act of 2023

USA118th CongressS-26| Senate 
| Updated: 1/23/2023
Bill Hagerty

Bill Hagerty

Republican Senator

Tennessee

Cosponsors (33)
Joni Ernst (Republican)Tommy Tuberville (Republican)Rick Scott (Republican)Mike Braun (Republican)Roger Marshall (Republican)Katie Boyd Britt (Republican)Thomas Tillis (Republican)Jerry Moran (Republican)Mike Lee (Republican)Cynthia M. Lummis (Republican)Eric Schmitt (Republican)J. D. Vance (Republican)Marsha Blackburn (Republican)Tom Cotton (Republican)Lindsey Graham (Republican)Rand Paul (Republican)Mitt Romney (Republican)John Boozman (Republican)Joe Manchin (Independent)Ted Cruz (Republican)Tim Scott (Republican)Kevin Cramer (Republican)James Lankford (Republican)John Kennedy (Republican)John Barrasso (Republican)John Cornyn (Republican)Susan M. Collins (Republican)Chuck Grassley (Republican)Marco Rubio (Republican)Pete Ricketts (Republican)John Hoeven (Republican)Ted Budd (Republican)Shelley Moore Capito (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 117-3546
SNOOP Act of 2022
Jan 23, 2023
Introduced in Senate
Jan 23, 2023
Read twice and referred to the Committee on Finance.
Jan 24, 2023

Latest Companion Bill Action

HR 118-488
Introduced in House
  • Bill from Previous Congress

    S 117-3546
    SNOOP Act of 2022


  • January 23, 2023
    Introduced in Senate


  • January 23, 2023
    Read twice and referred to the Committee on Finance.


  • January 24, 2023

    Latest Companion Bill Action

    HR 118-488
    Introduced in House

Taxation

Related Bills

  • HR 118-488: SNOOP Act of 2023
  • HR 118-190: Saving Gig Economy Taxpayers Act
  • S 118-123: BAD IRS Activities Act
Small businessTax administration and collection, taxpayersWages and earnings

SNOOP Act of 2023

USA118th CongressS-26| Senate 
| Updated: 1/23/2023
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.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 117-3546
SNOOP Act of 2022
Jan 23, 2023
Introduced in Senate
Jan 23, 2023
Read twice and referred to the Committee on Finance.
Jan 24, 2023

Latest Companion Bill Action

HR 118-488
Introduced in House
  • Bill from Previous Congress

    S 117-3546
    SNOOP Act of 2022


  • January 23, 2023
    Introduced in Senate


  • January 23, 2023
    Read twice and referred to the Committee on Finance.


  • January 24, 2023

    Latest Companion Bill Action

    HR 118-488
    Introduced in House
Bill Hagerty

Bill Hagerty

Republican Senator

Tennessee

Cosponsors (33)
Joni Ernst (Republican)Tommy Tuberville (Republican)Rick Scott (Republican)Mike Braun (Republican)Roger Marshall (Republican)Katie Boyd Britt (Republican)Thomas Tillis (Republican)Jerry Moran (Republican)Mike Lee (Republican)Cynthia M. Lummis (Republican)Eric Schmitt (Republican)J. D. Vance (Republican)Marsha Blackburn (Republican)Tom Cotton (Republican)Lindsey Graham (Republican)Rand Paul (Republican)Mitt Romney (Republican)John Boozman (Republican)Joe Manchin (Independent)Ted Cruz (Republican)Tim Scott (Republican)Kevin Cramer (Republican)James Lankford (Republican)John Kennedy (Republican)John Barrasso (Republican)John Cornyn (Republican)Susan M. Collins (Republican)Chuck Grassley (Republican)Marco Rubio (Republican)Pete Ricketts (Republican)John Hoeven (Republican)Ted Budd (Republican)Shelley Moore Capito (Republican)

Finance Committee

Taxation

Related Bills

  • HR 118-488: SNOOP Act of 2023
  • HR 118-190: Saving Gig Economy Taxpayers Act
  • S 118-123: BAD IRS Activities Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Small businessTax administration and collection, taxpayersWages and earnings