# 119-hr-8899: Digital Asset PARITY Act 119-hr-8899, Digital Asset PARITY Act, is a 119th Congress bill sponsored by Rep. Miller, Max L. [R-OH-7] (R-OH); status introduced; PRIA reads it as touching household money (as of 2026-09-21). - Canonical: https://policyrisk.com/legislation/119-hr-8899 - As of: 2026-09-21 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: 119-hr-8899 - Congress: 119 - Title: Digital Asset PARITY Act - Status: introduced - Introduced: 2026-05-19 - Sponsor: Rep. Miller, Max L. [R-OH-7] (R-OH) - Cosponsors: 3 - Policy area: Taxation - Touches household money: yes - Last recorded action: 2026-09-21 ## Summary **This bill would create specialized tax rules for digital assets.** It sets clear definitions and a new set of tax treatments for trading, lending, stablecoins, and validation activities like mining and staking. - Individual taxpayers and investors: Wash sale rules would apply to digital assets. The bill also requires a Treasury study and a report to Congress within one year on low-value consumer transactions, reporting gaps, and compliance burdens. - Dealers and traders: Offers a mark-to-market election for dealers and traders in "actively traded" digital assets and applies constructive sale rules. "Actively traded" includes thresholds like $50 million in trading volume and $10 billion in market capitalization. - Validators and miners: Creates a new tax subchapter for assets acquired through validation activities and defines "mining" and "staking." The Secretary of the Treasury can issue regulations on forks, airdrops, and similar phenomena. ## Cosponsors (3) - Rep. Horsford, Steven [D-NV-4] (D-NV), 2026-05-19T00:00:00.000Z - Rep. Carey, Mike [R-OH-15] (R-OH), 2026-05-19T00:00:00.000Z - Rep. DelBene, Suzan K. [D-WA-1] (D-WA), 2026-05-19T00:00:00.000Z ## Provisions PRIA read - Tax limits for regulated stablecoin holders: benefit, medium. This bill would say you would not recognize gain or loss when you sell or exchange a regulated payment stablecoin unless your basis is less than 99% of the coin's redemption value. On an exchange, the acquirer's basis would be treated as $1 and transaction costs are excluded from basis. The rule wo… - Loss and constructive-sale rules for crypto: cost, medium. This bill would apply wash-sale rules to digital assets and treat whether two assets are "substantially identical" by economic exposure. Trading on different blockchains or having different voting rights would not automatically avoid the rule. It would also extend constructive-sale rules to digital… - Stricter crypto donation rules and penalties: cost, medium. This bill would require a contemporaneous written acknowledgment included with your return for donations of non-actively traded digital assets valued over $500. If the donee later sells the asset, your deduction would be limited to the donee's gross proceeds. Donee organizations that knowingly give… - Tax rules for crypto lending income: cost, medium. This bill would treat substitute payments paid to a lender in place of staking rewards, fees, or protocol distributions as ordinary income to the lender. It would also require basis adjustments and gives the Treasury rulemaking authority, including for forks and airdrops. These amendments would app… - New legal tests for digital assets: mixed, high. This bill would add many statutory definitions used across the Act. It would define "digital asset," "digital asset exchange," and "validation activity," and set an "actively traded" test that requires $50 million trading volume (two prior years), $10 billion market cap (three prior years), and a 5… - Mark-to-market and trading safe harbor: mixed, medium. This bill would let dealers in actively traded digital assets elect mark-to-market accounting, and let traders in that trade or business also elect it. It would also create a trading safe harbor that treats trading through a resident broker, custodian, or exchange as covered for character and sourc… - New tax rules for crypto validators: mixed, medium. This bill would make newly created tokens you receive as a validator taxable as ordinary income in the year you get them, and your basis in the token would increase by that amount. You would be able to elect a five-year deferral that capitalizes transaction costs and treats sales during the electio… ## Related bills - 119-hr-3151: SHIPS for America Act of 2025 - 119-hr-2725: Affordable Housing Credit Improvement Act of 2025 - 119-hr-3816: Weather Act Reauthorization Act of 2025 - 119-hr-9211: Jewish American Security Act - 119-hr-6231: Improve and Enhance the Work Opportunity Tax Credit Act - 119-hr-1004: Love Lives On Act of 2025 ## Sources - [119-hr-8899 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8899) ## Related - [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151) - [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725) - [119-hr-3816: Weather Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-hr-3816) - [119-hr-9211: Jewish American Security Act](https://policyrisk.com/legislation/119-hr-9211) - [119-hr-6231: Improve and Enhance the Work Opportunity Tax Credit Act](https://policyrisk.com/legislation/119-hr-6231) - [119-hr-1004: Love Lives On Act of 2025](https://policyrisk.com/legislation/119-hr-1004) - [All bills in Congress](https://policyrisk.com/legislation) Source: PRIA, https://policyrisk.com/legislation/119-hr-8899 (as of 2026-09-21).