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SB1425Introduced in the Senate

Red Tape Reduction Act of 2025

IntroducedSenate Finance

Introduced by Bill Cassidy, District LA

What does this bill do?

Plain-English breakdown

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Official description

A bill to amend the Internal Revenue Code of 1986 to modify the exception for de minimis payments by third party settlement organizations.

Where it stands

Read twice and referred to the Committee on Finance.

April 10, 2025

How did lawmakers vote?

No recorded vote is available for this bill yet.

What do people think?

Citizen Voice

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Bill history

  1. Read twice and referred to the Committee on Finance.

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