Bill · H.R. 9176· House(119-HR-9176)
PAR Act
- Introduced
- 6/8/2026
- Last activity
- 6/8/2026 — Referred to the House Committee on Ways and Means.
- Sponsored by
- David Kustoff
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the Providing Analogous Rules for Digital Assets Act or the PAR Act, amends the Internal Revenue Code of 1986 regarding the tax treatment of digital asset trading. It updates tax rules for lending digital assets by treating them similarly to traditional securities. The bill allows certain dealers and traders of widely traded digital assets to use mark-to-market accounting methods. It establishes a trading safe harbor for certain digital assets and defines specific digital asset terms within the tax code. Finally, it includes rules of construction to prevent legal inferences about whether digital assets are securities or commodities for other provisions of law.
Yes· 3 of 18
Would business owners be better off under this?+3
Digital asset dealers, brokers, and businesses gain regulatory clarity and structured accounting options.
Is this likely to grow the economy?+3
Providing tax clarity and safe harbors for digital assets encourages investment and market liquidity.
Does this make it easier to do business across state lines?+3
Establishes clear nationwide tax rules and definitions that facilitate smoother digital asset trading across state and international lines.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Section 2 updates tax rules for lending agreements to include traded digital assets, ensuring that lenders receive equivalent payments like interest and property and assume appropriate obligations, which provides clarity for individuals engaging in digital asset lending.
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Section 3 allows dealers and traders of widely traded digital assets to elect mark-to-market accounting, aligning their tax treatment with traditional securities and commodities traders and permitting a four-year spread of accounting adjustments.
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Section 4 creates a trading safe harbor for traded digital assets, which can benefit individuals trading through resident brokers or for their own accounts by providing clearer tax boundaries.
Potential Negative Impacts for People
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Section 3 mandates specific recordkeeping and identification requirements for taxpayers utilizing the mark-to-market election, which could impose administrative burdens on individuals trading digital assets.
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Section 5 introduces complex definitions and criteria for widely traded digital assets, tokenized digital assets, and stablecoins, which may create compliance challenges and confusion for people trying to properly categorize their digital holdings for tax purposes.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+3Good For Billionaires+2Good For High Income Households+2Good For High Net Worth Individuals+2Good For Ultra High Net Worth Individuals+2Good For Young Adults+2Good For Immigrants+1Good For Middle Aged+1Good For Middle Class Households+1Good For Urban Residents+1
- Economy And Finance
- Improves Economic Growth+3Improves Small Business Support+2Increases Job Creation+2Improves Fiscal Responsibility+1
- Governance And Ideology
- Improves Interstate Commerce+3Improves Government Transparency+2Increases Federal Power+2
- National Security And Foreign Policy
- Improves International Trade+2
- 6/8/2026
- Referred to the House Committee on Ways and Means.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.