Amendment of Subsection (d)
Pub. L. 117–58, div. H, title VI, § 80603(b)(3), (c), Nov. 15, 2021, 135 Stat. 1341, provided that, applicable to returns required to be filed, and statements required to be furnished, after Dec. 31, 2023, subsection (d) of this section is amended—
(1) in paragraph (1), by striking “and” at the end;
(2) in paragraph (2), by striking the period at the end and inserting “, and”; and
(3) by inserting after paragraph (2) the following new paragraph:
“(3) any digital asset (as defined in section 6045(g)(3)(D)).”
See 2021 Amendment note below.
Editorial Notes
Amendments
2021—Subsec. (d)(3). Pub. L. 117–58 added par. (3).
1996—Subsec. (e)(1). Pub. L. 104–168 substituted “name, address, and phone number of the information contact” for “name and address”.
1994—Pub. L. 103–322, § 20415(b)(3), substituted “business, etc.” for “business” in section catchline.
Subsec. (g). Pub. L. 103–322, § 20415(a), added subsec. (g).
1990—Subsec. (d). Pub. L. 101–508, § 11318(a), substituted heading for one which read: “Cash includes foreign currency” and amended text generally. Prior to amendment, text read as follows: “For purposes of this section, the term ‘cash’ includes foreign currency.”
Subsec. (f). Pub. L. 101–508, § 11318(c), substituted heading for one which read: “Actions by payors”.
1988—Subsec. (f). Pub. L. 100–690 added subsec. (f).
1986—Subsec. (e). Pub. L. 99–514 substituted “information is required” for “information is furnished” in heading and, in text, substituted references to persons required to make a return for former references to persons making a return and references to persons whose name is required to be set forth for former references to persons whose name is set forth.
Statutory Notes and Related Subsidiaries
Effective Date of 1994 Amendment
Pub. L. 103–322, title II, § 20415(d), Sept. 13, 1994, 108 Stat. 1833, provided that:
“The amendments made by this section [amending this section and
section 6724 of this title] shall take effect on the 60th day after the date on which the temporary regulations are prescribed under subsection (c) [
section 20415(c) of Pub. L. 103–322, set out as a Regulations note below].”
[Temporary regulations under
section 20415(c) of Pub. L. 103–322 were filed
Dec. 12, 1994, published
Dec. 15, 1994,
59 F.R. 64572, and effective
Feb. 13, 1995.]
Effective Date of 1990 Amendment
Pub. L. 101–508, title XI, § 11318(e), Nov. 5, 1990, 104 Stat. 1388–459, provided that:
“(1)
The amendments made by subsections (a) and (b) [amending this section and
section 6721 of this title] shall apply to amounts received after the date of the enactment of this Act [
Nov. 5, 1990].
“(2)
The amendment made by subsection (c) [amending this section] shall take effect on the date of the enactment of this Act.
“(3)
Not later than
June 1, 1991, the Secretary of the Treasury or his delegate shall prescribe regulations under section 6050I(d)(2) of the
Internal Revenue Code of 1986 (as amended by this section).”
Effective Date of 1988 Amendment
Pub. L. 100–690, title VII, § 7601(a)(3), Nov. 18, 1988, 102 Stat. 4504, provided that:
“The amendments made by this subsection [amending this section and sections
6721 and
7203 of this title] shall apply to actions after the date of the enactment of this Act [
Nov. 18, 1988].”
Regulations
Pub. L. 103–322, title II, § 20415(c), Sept. 13, 1994, 108 Stat. 1833, provided that:
“The Secretary of the Treasury or the Secretary’s delegate shall prescribe temporary regulations under the amendments made by this section [amending this section and
section 6724 of this title] within 90 days after the date of enactment of this Act [
Sept. 13, 1994].”
[Temporary regulations under
section 20415(c) of Pub. L. 103–322 were filed
Dec. 12, 1994, published
Dec. 15, 1994,
59 F.R. 64572, and effective
Feb. 13, 1995.]
Reports on Uses Made of Currency Transaction Reports
For requirement of Secretary of the Treasury to report to Congress on number of reports filed under this section yearly, the rate of compliance with reporting requirements, the manner in which Federal agencies collect, organize and analyze such data, and sanctions imposed and indictments filed for failure to comply, see section 101 of Pub. L. 101–647, set out as a note under section 5311 of Title 31, Money and Finance.