- Stage
- In committee
- Started in
- Senate
- Sponsors
- 9
- Latest action
- Apr 9, 2025
What it does
The SNOOP Act would reinstate the pre-American Rescue Plan Act reporting threshold for third-party settlement organizations, requiring them to report payment information only when a payee has more than 200 transactions and over $20,000 in aggregate payments during a calendar year. It applies to third-party network transactions and modifies backup withholding rules so that such payments are treated as reportable only if they exceed those same thresholds, with an exception if prior-year transactions were already reportable. The changes would take effect for calendar years beginning after December 31, 2024.
AI summary · The lawmakers haven’t published an official summary of this bill yet, so 52 wrote this one from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.