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H.R. 9176119th CongressIn committeeLatest action Jun 8, 2026Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
HR 9176 applies established stock and bond tax rules to digital assets, affecting professional traders, dealers, and foreign investors.
50-second read · 4 questions answered below
HR 9176, the PAR Act, updates the federal tax code to apply existing stock and bond tax rules to actively traded digital assets that meet certain size requirements. It clarifies rules for digital asset lending so lenders do not trigger a taxable event simply by lending out holdings. The bill also allows professional crypto dealers and traders to use mark-to-market accounting, reporting gains and losses based on year-end values rather than only at the point of sale.
Professional traders, investment dealers, and businesses working with cryptocurrency and other digital assets are most directly affected. Foreign investors trading digital assets in the United States for their own accounts are also covered under the bill's provisions.
Current tax rules for digital assets are unclear or missing, creating uncertainty for those who trade or lend them professionally. Applying familiar stock and commodity rules to digital assets could change how gains, losses, and lending arrangements are reported across the industry.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the House Committee on Ways and Means.