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Red Tape Reduction Act of 2025
5/8/2025, 6:45 PM
Summary of Bill S 1425
The bill, introduced in the 119th Congress, aims to amend the Internal Revenue Code of 1986 concerning de minimis payments by third party settlement organizations.
Read the Full Bill
Current Status of Bill S 1425
Bill S 1425 is currently in the status of Bill Introduced since April 10, 2025. Bill S 1425 was introduced during Congress 119 and was introduced to the Senate on April 10, 2025. Bill S 1425's most recent activity was Read twice and referred to the Committee on Finance. as of April 10, 2025
Bipartisan Support of Bill S 1425
Total Number of Sponsors
6Democrat Sponsors
0Republican Sponsors
6Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1425
Primary Policy Focus
Alternate Title(s) of Bill S 1425
A bill to amend the Internal Revenue Code of 1986 to modify the exception for de minimis payments by third party settlement organizations.
A bill to amend the Internal Revenue Code of 1986 to modify the exception for de minimis payments by third party settlement organizations.
Comments
Wade White
765
1 year ago
I don't like this bill, it's gonna mess with my money and I don't want that. They need to leave things alone and stop changing stuff all the time. #confused #notcool
Carter Bowman
785
11 months ago
This bill is fantastic!
Zechariah West
777
1 year ago
I can't believe this bill is trying to change the exception for de minimis payments by third party settlement organizations! This is going to have a huge impact on how I handle my finances. How will this affect me in the short term?
Sponsors and Cosponsors of S 1425
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