S 1375 · 119th Congress

SNOOP Act of 2025

This bill makes it easier for payment processors and online payment platforms to avoid reporting small transactions to the IRS. Right now, companies like PayPal, Square, and Venmo have to report payment information to the IRS for almost all transactions they process. This bill would bring back an old rule that says…

Sponsor

Hagerty, Bill (R-Tennessee)

Introduced

2025-04-09

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.