# 117-hr-6006: Keep Innovation in America Act

117-hr-6006, Keep Innovation in America Act, is a 117th Congress bill sponsored by Rep. McHenry, Patrick T. [R-NC-10] (R-NC); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-6006
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-6006
- Congress: 117
- Title: Keep Innovation in America Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2021-11-17
- Sponsor: Rep. McHenry, Patrick T. [R-NC-10] (R-NC)
- Cosponsors: 19
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Keep Innovation in America Act This bill modifies provisions enacted by the Infrastructure Investment and Jobs Act relating to the definitions of broker and digital assets and their reporting requirements. The bill redefines broker, for tax reporting purposes, to mean any person who (for consideration) stands ready in the ordinary course of business to effect sales of digital assets at the direction of their customers. The bill redefines digital asset to mean any digital representation of value which is recorded on a cryptographically secured distribution ledger (this revised definition eliminates the discretion of the Department of the Treasury to include similar technology in the definition of digital asset). The bill eliminates the cash reporting requirement for digital assets (i.e., receipt of more than $10,000) but requires Treasury to conduct a study of, and report on, the effect of expanding the definition of cash to include any digital asset.

## Cosponsors (19)

- Rep. Ryan, Tim [D-OH-13] (D-OH), 2021-11-17T00:00:00.000Z
- Rep. Brady, Kevin [R-TX-8] (R-TX), 2021-11-17T00:00:00.000Z
- Rep. Khanna, Ro [D-CA-17] (D-CA), 2021-11-17T00:00:00.000Z
- Rep. Emmer, Tom [R-MN-6] (R-MN), 2021-11-17T00:00:00.000Z
- Rep. Swalwell, Eric [D-CA-14] (D-CA), 2021-11-17T00:00:00.000Z
- Rep. Davidson, Warren [R-OH-8] (R-OH), 2021-11-17T00:00:00.000Z
- Rep. Soto, Darren [D-FL-9] (D-FL), 2021-11-17T00:00:00.000Z
- Rep. Gonzalez, Anthony [R-OH-16] (R-OH), 2021-11-17T00:00:00.000Z
- Sen. Budd, Ted [R-NC] (R-NC), 2021-11-17T00:00:00.000Z
- Rep. Bost, Mike [R-IL-12] (R-IL), 2021-11-18T00:00:00.000Z
- Rep. Schweikert, David [R-AZ-1] (R-AZ), 2021-12-01T00:00:00.000Z
- Rep. Donalds, Byron [R-FL-19] (R-FL), 2021-12-14T00:00:00.000Z
- Rep. Auchincloss, Jake [D-MA-4] (D-MA), 2022-01-11T00:00:00.000Z
- Rep. Hill, J. French [R-AR-2] (R-AR), 2022-01-18T00:00:00.000Z
- Rep. Timmons, William R. [R-SC-4] (R-SC), 2022-02-01T00:00:00.000Z
- Rep. Steil, Bryan [R-WI-1] (R-WI), 2022-02-07T00:00:00.000Z
- Rep. Murphy, Gregory F. [R-NC-3] (R-NC), 2022-02-08T00:00:00.000Z
- Rep. Walorski, Jackie [R-IN-2] (R-IN), 2022-02-15T00:00:00.000Z
- Rep. Joyce, David P. [R-OH-14] (R-OH), 2022-03-17T00:00:00.000Z

## Related bills

- 117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servicemembers who perished in Afghanistan on August 26, 2021, during the evacuation…
- 117-hr-3630: Lymphedema Treatment Act
- 117-hr-2748: Israel Relations Normalization Act of 2021
- 117-hr-1448: PAWS for Veterans Therapy Act
- 117-hr-310: To posthumously award the Congressional Gold Medal, collectively, to Glen Doherty, Tyrone Woods, J. Christopher Stevens, and Sean Smith, in recognition of thei…
- 117-hres-881: Condemning the heinous terrorist attack on Congregation Beth Israel in Colleyville, Texas, on January 15, 2022.

## Sources
- [117-hr-6006 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/6006)

## Related
- [117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servi…](https://policyrisk.com/legislation/117-hr-5142)
- [117-hr-3630: Lymphedema Treatment Act](https://policyrisk.com/legislation/117-hr-3630)
- [117-hr-2748: Israel Relations Normalization Act of 2021](https://policyrisk.com/legislation/117-hr-2748)
- [117-hr-1448: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/117-hr-1448)
- [117-hr-310: To posthumously award the Congressional Gold Medal, collectively, to Glen Doher…](https://policyrisk.com/legislation/117-hr-310)
- [117-hres-881: Condemning the heinous terrorist attack on Congregation Beth Israel in Colleyvi…](https://policyrisk.com/legislation/117-hres-881)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-6006 (as of 2025-11-18).