# 115-hr-3708: To amend the Internal Revenue Code of 1986 to exclude from gross income de minimis gains from certain sales or exchanges of virtual currency, and for other purposes.

115-hr-3708, To amend the Internal Revenue Code of 1986 to exclude from gross income de minimis gains from certain sales or exchanges of virtual currency, and for other purposes., is a 115th Congress bill sponsored by Rep. Schweikert, David [R-AZ-1] (R-AZ); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/115-hr-3708
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 115-hr-3708
- Congress: 115
- Title: To amend the Internal Revenue Code of 1986 to exclude from gross income de minimis gains from certain sales or exchanges of virtual currency, and for other purposes.
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2017-09-07
- Sponsor: Rep. Schweikert, David [R-AZ-1] (R-AZ)
- Cosponsors: 5
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill amends the Internal Revenue Code (IRC) to exclude from gross income up to $600 (adjusted for inflation after 2018) in gain from the sale or exchange of virtual currency for other than cash or cash equivalents. "Virtual currency" is a digital representation of value that is used as a medium of exchange and is not otherwise currency under provisions of the IRC related to foreign currency transactions.

## Cosponsors (5)

- Rep. Polis, Jared [D-CO-2] (D-CO), 2017-09-07T00:00:00.000Z
- Rep. Meadows, Mark [R-NC-11] (R-NC), 2017-09-14T00:00:00.000Z
- Sen. Budd, Ted [R-NC] (R-NC), 2017-10-25T00:00:00.000Z
- Rep. Emmer, Tom [R-MN-6] (R-MN), 2018-04-12T00:00:00.000Z
- Rep. MacArthur, Thomas [R-NJ-3] (R-NJ), 2018-04-12T00:00:00.000Z

## Related bills

- 115-hr-5499: Stephen Michael Gleason Congressional Gold Medal Act
- 115-hr-5141: United States-Israel Security Assistance Authorization Act of 2018
- 115-hr-2519: The American Legion 100th Anniversary Commemorative Coin Act
- 115-hr-1697: Israel Anti-Boycott Act
- 115-hr-1164: Taylor Force Act
- 115-hr-849: Protecting Seniors Access to Medicare Act

## Sources
- [115-hr-3708 on Congress.gov](https://www.congress.gov/bill/115th-congress/house-bill/3708)

## Related
- [115-hr-5499: Stephen Michael Gleason Congressional Gold Medal Act](https://policyrisk.com/legislation/115-hr-5499)
- [115-hr-5141: United States-Israel Security Assistance Authorization Act of 2018](https://policyrisk.com/legislation/115-hr-5141)
- [115-hr-2519: The American Legion 100th Anniversary Commemorative Coin Act](https://policyrisk.com/legislation/115-hr-2519)
- [115-hr-1697: Israel Anti-Boycott Act](https://policyrisk.com/legislation/115-hr-1697)
- [115-hr-1164: Taylor Force Act](https://policyrisk.com/legislation/115-hr-1164)
- [115-hr-849: Protecting Seniors Access to Medicare Act](https://policyrisk.com/legislation/115-hr-849)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/115-hr-3708 (as of 2025-11-18).