Proposed
Bill · 119th Congress · HR 6180
Bitcoin for America Act
Refreshed 5 h ago
Introduced 2025-11-20Topic: taxes · budget · technology privacySummary
AI-generated summary, report an errorThis bill would require the Treasury to let taxpayers pay federal taxes, penalties, and related amounts with Bitcoin. A Bitcoin payment would be valued at its fair market value when the transfer is confirmed, using reference rates the Treasury publishes. Taxpayers would not owe tax on gains or claim losses on Bitcoin used to pay a tax bill, up to the amount owed. Bitcoin received as tax payments would go into a Strategic Bitcoin Reserve, which could not be sold until 20 years after receipt, and then no more than one-twentieth of holdings per year. The Treasury would publish an annual report on the Reserve's holdings and security arrangements.
Sponsors
- Warren Davidson Republican sponsor
- 0 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-11-20 | House | Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | refer |
| 2025-11-20 | House | Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | refer |
| 2025-11-20 | Introduced in House | introduce | |
| 2025-11-20 | Introduced in House | introduce |