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Cut Red Tape For Online Sales Act

H.R. 3530 Rep. Chris Pappas (D-NH-1) In committee
Bill text PDF
  1. Introduced May 18
  2. Committee May 18
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, May 18, 2023Next: House vote
1259d ago May 18, 2023: Referred to the House Committee on Ways and Means.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
3companies, 3 filings
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Member trades
1trades in the last 90 days
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Companies lobbying on this bill

3 companies
Companies by sector
Technology & Software 2Services 1
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Summary

Cut Red Tape For Online Sales Act

Full summary2 paragraphs

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 payment network.

The bill also requires entities that report income to to issue a plain-language description of the taxability of income reported on Form 1099-K.

Library of Congress summary, May 18, 2023

Summary versions
  • Introduced in HouseMay 18, 2023

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.