Introduced
S. 1425
Introduced in Senate · May 2, 2025April 10, 2025
Mr. Cassidy (for himself and Ms. Hassan) 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 modify the exception for de minimis payments by third party settlement organizations.
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 “Red Tape Reduction Act of 2025”.