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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Virtual Currency Tax Fairness Act of 2020

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to exclude from gross income gain from disposition of virtual currency in a personal transaction.


Actions Overview (1)

Date Actions Overview
01/16/2020Introduced in House

All Actions (2)

Date All Actions
01/16/2020Referred to the House Committee on Ways and Means.
Action By: House of Representatives
01/16/2020Introduced in House
Action By: House of Representatives

Cosponsors (3)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Schweikert, David [R-AZ-6]* 01/16/2020
Rep. Soto, Darren [D-FL-9]* 01/16/2020
Rep. Emmer, Tom [R-MN-6]* 01/16/2020

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means01/16/2020 Referred to

As of 06/04/2020 no related bill information has been received for H.R.5635 - Virtual Currency Tax Fairness Act of 2020


Subjects (1)


Latest Summary (1)

There is one summary for H.R.5635. View summaries

Shown Here:
Introduced in House (01/16/2020)

Virtual Currency Tax Fairness Act of 2020

This bill excludes from gross income, for income tax purposes, up to $200 of gain from the disposition of virtual currency in a personal transaction. The bill defines virtual currency as a digital representation of value that is used as a medium of exchange and is not otherwise currency.