Introduced
S. 1375
Introduced in Senate · April 22, 2025April 9, 2025
Mr. Hagerty introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to reinstate the exception for de minimis payments by third party settlement organizations with respect to returns relating to payments made in settlement of payment card and third party network transactions, as in effect prior to the enactment of the American Rescue Plan Act, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Stop the Nosy Obsession with Online Payments Act of 2025” or the “SNOOP Act of 2025”.