A bill to repeal the provisions of the Infrastructure Investment and Jobs Act that impose new information reporting requirements with respect to digital asset transfers.

This bill proposes to repeal Section 80603 of the Infrastructure Investment and Jobs Act. That section established new information reporting requirements for digital asset transfers, which were a point of contention for the crypto industry due to their broad scope and potential compliance difficulties for various participants. The repeal would effectively eliminate these new reporting obligations, restoring the legal provisions to their state before the Infrastructure Act's enactment.