Red Tape Reduction Act of 2025

Hozzl · 2025-05-08T18:45:52Z

Explore the details of Senate Bill 1425 Red Tape Reduction Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

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.

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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

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy 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.

Comments

Wade White

622

10 months 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

658

9 months ago

This bill is fantastic!

Zechariah West

636

10 months 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?