H.R.7079: Cut Red Tape For Online Sales Act

About This Bill

Bill Version

Bill Summary

Cut Red Tape For Online Sales Act 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 $5,000 or more. 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...

(Source: Library of Congress)

Bill Actions

Date Description
March 15, 2022
Referred to the House Committee on Ways and Means.
March 15, 2022

Introduced in the House by Chris Pappas (D-N.H.)

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