Less Tax Paperwork for Digital Asset Owners Act
Bill Summary
Simplifies tax reporting for people who own digital assets like cryptocurrency. Reduces the amount of paperwork required for these transactions.
Sponsored By
Bill Journey
- Jun 8, 2026
- Jun 8, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
This bill affects individuals and businesses that own or trade digital assets, potentially reducing their administrative burden and costs associated with tax compliance. It may also impact the Internal Revenue Service by altering their reporting requirements for digital asset transactions.
Impact Areas
Support & Opposition
- Republican1
Documents
1
Full text opens on congress.gov, the official source.
Bill Details
- Economy
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.