To amend the Internal Revenue Code of 1986 to exclude from gross income gain from disposition of virtual currency in a personal transaction.
The bill’s titles are written by its sponsor.
Sponsor and status
Sponsor. Representative for Washington's 1st congressional district. Democrat.
Last Updated: Jan 16, 2020
Length: 2 pages
116th Congress (2019–2021)
This bill was introduced on January 16, 2020, in a previous session of Congress, but it did not receive a vote.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
4 Cosponsors (2 Democrats, 2 Republicans)
What legislators are saying
“DelBene, Schweikert Introduce Bipartisan Legislation to Ease Use of Virtual Currency”
— Rep. Suzan DelBene [D-WA1] (Sponsor) on Jan 16, 2020
Jan 16, 2020
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
H.R. 5635 (116th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 5635. This is the one from the 116th Congress.
This bill was introduced in the 116th Congress, which met from Jan 3, 2019 to Jan 3, 2021. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
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GovTrack.us. (2022). H.R. 5635 — 116th Congress: Virtual Currency Tax Fairness Act of 2020. Retrieved from https://www.govtrack.us/congress/bills/116/hr5635
“H.R. 5635 — 116th Congress: Virtual Currency Tax Fairness Act of 2020.” www.GovTrack.us. 2020. January 24, 2022 <https://www.govtrack.us/congress/bills/116/hr5635>
Virtual Currency Tax Fairness Act of 2020, H.R. 5635, 116th Cong..
|title=H.R. 5635 (116th)
|accessdate=January 24, 2022
|author=116th Congress (2020)
|date=January 16, 2020
|quote=Virtual Currency Tax Fairness Act of 2020
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