# 119-hr-9176: PAR Act

119-hr-9176, PAR Act, is a 119th Congress bill sponsored by Rep. Kustoff, David [R-TN-8] (R-TN); status introduced; PRIA reads it as touching household money (as of 2026-09-25).

- Canonical: https://policyrisk.com/legislation/119-hr-9176
- As of: 2026-09-25
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9176
- Congress: 119
- Title: PAR Act
- Status: introduced
- Introduced: 2026-06-08
- Sponsor: Rep. Kustoff, David [R-TN-8] (R-TN)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-25

## Summary

**Would integrate traded digital assets into the federal tax code.** The bill would define traded and widely traded digital assets, extend securities-lending rules to asset loans, and create an elective mark-to-market tax regime for dealers and traders. - Dealers and traders: Would let dealers elect mark-to-market treatment for covered digital assets and would extend MTM-style rules to traders. Accounting changes could be spread over a 4-year period for method shifts. - Lenders and borrowers in crypto lending: Would classify certain transfers during lending as “specified assets,” treating the transferor as if it holds and transfers the full economic entitlement and as assuming owner obligations during the loan. - Active traders and brokers: Would add a digital asset trading safe harbor to miscellaneous income rules so trading through brokers or agents and trading for one’s own account can get MTM-like treatment, with an exception for dealers. - Market structure and regulators: Would set definitions and price-discovery safeguards including a "$500 million" market-cap test, a "10%" ownership cap, inflation adjustments after 2027, and Secretary authority to update criteria.

## Provisions PRIA read

- Trading safe harbor for investors: benefit, medium. If enacted, the bill would add a safe harbor that treats trading in "traded digital assets" as covered when done through a resident broker, commission agent, custodian, or other independent agent. It would also treat trading for your own account as covered even if an employee or agent has discretio…
- No inference on asset classification: benefit, medium. If enacted, the bill would say that nothing in the Act should be used to prove a digital asset is or is not a security, commodity, debt, equity, partnership interest, or trust interest. It would also say the Act should not be used to change tax treatment for periods before the provisions apply. Thi…
- Mark-to-market option for dealers: mixed, medium. If enacted, dealers in covered digital assets and traders in such assets could elect a mark-to-market tax regime under section 475. The election would apply for the year made and later years unless Treasury allows a revocation. Taxpayers who change accounting methods would spread the net section 48…
- Clear definitions for digital assets: mixed, low. If enacted, the bill would add new tax-code definitions for digital asset terms like "digital asset," "traded digital asset," and "widely traded digital asset." An asset would be "widely traded" only if it had exchange quotations all year, a market cap above $500,000,000 for most of that year, and…
- Lending rules for traded digital assets: mixed, low. If enacted, transfers of traded digital assets in lending arrangements would be treated like loans of securities for tax purposes. The borrower or transferee would generally have to pay the transferor amounts equal to interest, dividends, property, and other distributions the owner would have recei…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-4669: FEMA Act of 2025
- 119-hr-137: TCJA Permanency Act
- 119-hr-2782: Small Business Taxpayer Bill of Rights Act of 2025
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025

## Sources
- [119-hr-9176 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9176)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-2782: Small Business Taxpayer Bill of Rights Act of 2025](https://policyrisk.com/legislation/119-hr-2782)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9176 (as of 2026-09-25).