Amendment · S.Amdt. 2518· Senate(119-SAMDT-2518)

S.Amdt. 2518

Age: 68 years

Michigan

Introduced: 6/29/2025
Sponsored by: Gary Peters
Cosponsors: None

Changes bill: 119-HR-1 — One Big Beautiful Bill Act

Introduced
Pending Consideration
Failed

This amendment was never taken up, and the bill finished without it. It was never voted on.

What this amendment would do

Mr. Peters submitted this amendment, known as SA 2518, to be proposed to another amendment to the bill H.R. 1. Common sense tells us we need to keep a close eye on how our elected officials handle business, so let us break down what this is actually adding to the bill.

What the Amendment Changes

The amendment adds a new section to the bill creating a Tax on Certain Digital Asset Transaction Fees.
It sets a 25 percent tax on specific transaction fees related to digital assets.
This tax applies specifically when a fee is assessed on the purchase of a digital asset by an applicable entity.
An applicable entity is defined as any company or organization where a Federal official—meaning anyone working in the executive, legislative, or judicial branch of the government—directly or indirectly holds a controlling interest.
A controlling interest means owning or holding at least 20 percent of the equity in that entity, by vote or value.
The tax must be paid by the applicable entity itself, and the rules will apply to transactions happening after December 31, 2025.