H.R. 9176
PAR Act
Sponsor: David Kustoff · 0 cosponsors
Official summary
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Text of the bill
(a) In general. Section 864(b)(2) is amended—
(1) in the heading, by striking or commodities and inserting commodities, or traded digital assets,
(2) by redesignating subparagraph (C) as subparagraph (D) and by inserting the following new subparagraph after subparagraph (B):
(C) Traded digital assets
(i) In general. Trading in traded digital assets through a resident broker, commission agent, custodian, or other independent agent.
(ii) Trading for taxpayer’s own account. Trading in traded digital assets for the taxpayer's own account, whether by the taxpayer or his employees or through a resident broker, commission agent, custodian, or other agent, and whether or not any such employee or agent has discretionary authority to make decisions in effecting the transactions. This clause shall not apply in the case of a dealer in digital assets.
, and
(3) in subparagraph (D), as so redesignated, by striking and (B)(i) and inserting , (B)(i), and (C)(i).
(b) Effective date. The amendments made by this section shall apply to taxable years beginning after December 31, 2025.