United States 119th Congress Status: In Committee 3 D cosponsors

HR 2982 — Fair Taxation of Digital Assets in Puerto Rico Act of 2025

Last action — Referred to the House Committee on Ways and Means.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced April 21, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 20% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 3 sponsors

    1 primary, 2 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (3 D).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

How this bill changes current law

4 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill modifies the sourcing rules for digital asset income of Puerto Rican residents under the Internal Revenue Code.

  • Section 865

    (i) Digital Asset Income of Puerto Rican Residents.-- (1) In general.--Notwithstanding any other provision of this title, in the case of an individual described in section 933, any income derived in connection with-- (A) any receipt of any digital asset in connection with-- (i) mining, staking, or any similar activity with respect to any digital asset, or (ii) holding any digital asset (including any fork or air drop of any digital asset), or (B) any sale, exchange, or other disposition of a digital asset, shall not be treated for purposes of this title as derived from sources within Puerto Rico.

    This adds a new rule specifying that certain digital asset income for Puerto Rican residents is not considered sourced from Puerto Rico.

  • Section 865

    (2) Treatment of financial interests.--For purposes of this subsection, any financial interest in a digital asset shall be treated as a digital asset.

    This clarifies that financial interests in digital assets are included in the definition of digital assets.

  • Section 865

    (3) Digital asset.--For purposes of this subsection, the term `digital asset' means any digital representation of value which is recorded on a cryptographically-secured distributed ledger.

    This defines what constitutes a digital asset for the purposes of the new sourcing rules.

  • Section 865

    subsections (i) and (j) → subsections (j) and (k)

    This renumbers existing subsections (i) and (j) to accommodate the insertion of the new digital asset rules.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Ways and Means.

Sponsors

Sponsorship breakdown

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1 sponsors · 2 co-sponsors · 544 not signed on

Sponsors (1)

Co-sponsors (2)

Not signed on (544)

544 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation technology
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HR 2982?
HR 2982 is sponsored by Velázquez, Nydia M. (Democratic), Ocasio-Cortez, Alexandria (Democratic), and Ramirez, Delia C. (Democratic).
What is the current status of HR 2982?
This bill is in committee in the House. Introduced April 21, 2025. It must pass committee before a floor vote.
Where can I track HR 2982?
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Last checked for changes 3 months ago · updated continuously

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