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- S.3840
S.3840: Cut Red Tape for Online Sales Act
About This Bill
- Introduced March 15, 2022
- Latest Major Action March 15, 2022
Bill Sponsor
Bill Cosponsors
7 (All Democrats)
Bill Version
- Introduced in Senate - March 15, 2022
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 |
Read twice and referred to the Committee on Finance.
|
| March 15, 2022 |
Introduced in the Senate by Margaret Hassan (D-N.H.) |