Hagerty Hails Enactment of Anti-IRS Snooping Provision in the One Big Beautiful Bill Act

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July 14, 2025
WASHINGTON—Today, United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, hailed the inclusion of theStop the Nosy Obsession with Online Payments (SNOOP) Act, in theOne Big Beautiful Bill Act (OBBBA)signed into law by President Donald Trump on July 4, 2025. TheSNOOP Actand its corresponding text in theOBBBAeliminates a Biden-era policy that massively expanded the Internal Revenue Service’s (IRS) 1099-K reporting requirements for small businesses, gig workers, and individual sellers.“Small businesses and Tennesseans were unreasonably targeted by the previous administration’s overreach,”said Senator Hagerty.“By eliminating an ill-conceived and invasive Biden-era policy, the ‘One, Big Beautiful Bill’ provides much-needed tax relief and helps hardworking Americans keep their focus on serving their customers—not the IRS.”TheSNOOP Actrestores the 1099-K reporting thresholds to $20,000 and 200 transactions, their levels prior to the enactment of the American Rescue Plan during the Biden Administration. Senator Hagerty introduced the SNOOP Act in the 119th, 118th, and 117th Congresses.
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