Infrastructure Investment and Jobs Act

Floor Speech

Date: Sept. 28, 2021
Location: Washington, DC

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Mr. McHENRY. Mr. Speaker, I have one question. Why are we using an infrastructure bill to write the rules for new technology?

That's exactly what's happening today.

The cryptocurrency tax reporting provision in this bill will have long-lasting and harmful implications for innovation here in the U.S.

So, we need a fix. The ``fix'' debate started in the Senate. But it didn't go anywhere. And I said in August, if the Senate can't get it done, we'll fight it out in the House.

So, I'll be introducing a bill to put the guardrails in place to clarify the scope of the new reporting requirements.

We need to keep America at the forefront of innovation.

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