# 119-s-1375: SNOOP Act of 2025

119-s-1375, SNOOP Act of 2025, is a 119th Congress bill sponsored by Sen. Hagerty, Bill [R-TN] (R-TN); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-1375
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1375
- Congress: 119
- Title: SNOOP Act of 2025
- Status: introduced
- Introduced: 2025-04-09
- Sponsor: Sen. Hagerty, Bill [R-TN] (R-TN)
- Cosponsors: 8
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Reinstates the $20,000 and 200-transaction de minimis reporting threshold** for third-party settlement organizations. The bill would limit when marketplaces and payment processors must file information returns under IRC 6050W and would extend the same de minimis rule to backup withholding under IRC 3406, with a prior-year exception to avoid retroactive withholding.

## Cosponsors (8)

- Sen. Hoeven, John [R-ND] (R-ND), 2025-06-02T00:00:00.000Z
- Sen. Grassley, Chuck [R-IA] (R-IA), 2025-06-10T00:00:00.000Z
- Sen. Tuberville, Tommy [R-AL] (R-AL), 2025-06-10T00:00:00.000Z
- Sen. Blackburn, Marsha [R-TN] (R-TN), 2025-06-11T00:00:00.000Z
- Sen. Banks, Jim [R-IN] (R-IN), 2025-06-18T00:00:00.000Z
- Sen. Ricketts, Pete [R-NE] (R-NE), 2025-06-25T00:00:00.000Z
- Sen. Barrasso, John [R-WY] (R-WY), 2025-07-10T00:00:00.000Z
- Sen. Hyde-Smith, Cindy [R-MS] (R-MS), 2025-07-21T00:00:00.000Z

## Provisions PRIA read

- Lower reporting for platform sellers: benefit, low. If enacted, third-party settlement organizations would report a seller's platform payments in a year only when two tests are met. The tests are: more than $20,000 in payments and more than 200 transactions in that year. The bill would apply the same two-part test before backup withholding. There is…

## Related bills

- 119-s-1748: Kids Online Safety Act
- 119-s-3752: SAVE America Act
- 119-s-401: Fair Access to Banking Act
- 119-s-587: Death Tax Repeal Act of 2025
- 119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2025
- 119-s-6: Born-Alive Abortion Survivors Protection Act

## Sources
- [119-s-1375 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1375)

## Related
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-3752: SAVE America Act](https://policyrisk.com/legislation/119-s-3752)
- [119-s-401: Fair Access to Banking Act](https://policyrisk.com/legislation/119-s-401)
- [119-s-587: Death Tax Repeal Act of 2025](https://policyrisk.com/legislation/119-s-587)
- [119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of…](https://policyrisk.com/legislation/119-s-186)
- [119-s-6: Born-Alive Abortion Survivors Protection Act](https://policyrisk.com/legislation/119-s-6)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1375 (as of 2025-12-21).