{"id":50229,"date":"2021-09-27T15:23:45","date_gmt":"2021-09-27T12:23:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=50229"},"modified":"2025-09-02T16:56:31","modified_gmt":"2025-09-02T13:56:31","slug":"us-congress-sets-date-for-infrastructure-plan-vote","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/us-congress-sets-date-for-infrastructure-plan-vote\/","title":{"rendered":"US Congress Sets Date for Infrastructure Plan Vote"},"content":{"rendered":"

Speaker of the U.S. House of Representatives Nancy Pelosi has scheduled a final vote on the infrastructure bill for Thursday, September 30, and expressed confidence in its passage. Reuters<\/a> reports.<\/p>\n

Debates on the bill will begin on Monday, September 27, she said.<\/p>\n

On August 10 the Senate voted for a bipartisan plan<\/a>, which provides for $1 trillion in funding for roads, bridges, airports, schools and other projects. The bill would raise an additional $28 billion<\/a> in the form of taxes on cryptocurrency transactions.<\/p>\n

In the community the document was criticized<\/a> for its broadened definition of ‘broker’, which covers nearly everyone in the industry. Under its provisions, miners and node operators, wallet developers, liquidity providers in DeFi protocols and other non-custodial players could be required to report user transactions to the tax authorities.<\/p>\n

During discussion of the bill, Democratic senators Ron Wyden, Cynthia Lummis and Pat Toomey proposed<\/a> to exclude these activities from the document and not extend to them the broker-style rules.<\/p>\n

He was joined by Republican Rob Portman, but introduced a counter-amendment<\/a> that would exclude only miners and sellers of equipment or software that allows individuals to control private keys.<\/p>\n

On August 9, representatives from both parties and the Treasury Department reached a compromise<\/a>, but the corresponding amendment did not receive the necessary unanimous support. The bill moved to the lower chamber of Congress in its original form.<\/p>\n

In the House of Representatives called for changes<\/a> to the document. On August 24, congressmen voted for the bill without any amendments.<\/p>\n

The Treasury Department assured that it does not intend to interpret the term ‘broker’<\/a> broadly in relation to industry participants. The department also promised to publish guidance on the taxation of crypto companies<\/a> and to clarify the reporting requirements.<\/p>\n

As reported, concerns were raised in the community about yet another amendment to the infrastructure plan, which would require recipients of digital assets over $10,000 to verify the sender’s personal information.<\/p>\n","protected":false},"excerpt":{"rendered":"

Speaker of the U.S. House of Representatives Nancy Pelosi has scheduled a final vote on the infrastructure bill for Thursday, September 30, and expressed confidence in its passage. Reuters reports.<\/p>\n","protected":false},"author":1,"featured_media":50230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[36,1230,26],"class_list":["post-50229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-regulation","tag-us-congress","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=50229"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50229\/revisions"}],"predecessor-version":[{"id":50231,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/50229\/revisions\/50231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/50230"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=50229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=50229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=50229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}