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SNOOP Act of 2023

S. 26 Sen. Bill Hagerty (R-TN) In committee
Bill text PDF
  1. Introduced Jan 23
  2. Committee Jan 23
  3. Passed Senate Next
  4. Passed House Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Jan 23, 2023Next: Senate vote
1374d ago Jan 23, 2023: Read twice and referred to the Committee on Finance.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
3companies, 4 filings
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1trades in the last 90 days
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Companies lobbying on this bill

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Summary

Stop the Nosy Obsession with Online Payments Act of 2023 or the SNOOP Act of 2023

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 more than $20,000 on more than 200 separate transactions in an applicable tax period. 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.

This reverses a provision in the American Rescue Plan Act of 2021 that lowered the reporting threshold to $600 with no minimum on the number of transactions.

Library of Congress summary, Jan 23, 2023

Summary versions
  • Introduced in SenateJan 23, 2023

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