PAR Act

(a) Short title. This Act may be cited as the Providing Analogous Rules for Digital Assets Act or the PAR Act.

(b) References. Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986.

(c) Table of contents. The table of contents for this Act is as follows: Sec. 1. Short title; etc. Sec. 2. Transfers of traded digital assets pursuant to a lending agreement. Sec. 3. Dealers and traders of widely traded digital assets. Sec. 4. Digital asset trading safe harbor. Sec. 5. Definitions. Sec. 6. Rules of construction.