Senator Bill Hagerty celebrates the passage of the SNOOP Act, reducing IRS reporting burdens on small businesses and gig workers.
Quiver AI Summary
United States Senator Bill Hagerty (R-TN) has expressed support for the Stop the Nosy Obsession with Online Payments (SNOOP) Act, which was incorporated into the One Big Beautiful Bill Act (OBBBA) and signed into law by President Donald Trump on July 4, 2025. The SNOOP Act aims to reverse a policy from the Biden administration that increased IRS reporting requirements, specifically the 1099-K form, for small businesses and individual sellers. Senator Hagerty stated, “Small businesses and Tennesseans were unreasonably targeted by the previous administration’s overreach,” emphasizing that the new legislation provides necessary tax relief and allows business owners to focus more on their operations rather than regulatory compliance.
The SNOOP Act reinstates the prior 1099-K reporting thresholds of $20,000 and 200 transactions, levels that were set before the enactment of the American Rescue Plan. Senator Hagerty has previously introduced the SNOOP Act in multiple previous Congresses, reflecting ongoing concerns regarding IRS regulations impacting small business operations.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Bill Hagerty Net Worth
Quiver Quantitative estimates that Bill Hagerty is worth $56.1M, as of July 15th, 2025. This is the 20th highest net worth in Congress, per our live estimates.
Hagerty has approximately $15.2M invested in publicly traded assets which Quiver is able to track live.
You can track Bill Hagerty's net worth on Quiver Quantitative's politician page for Hagerty.
Bill Hagerty Bill Proposals
Here are some bills which have recently been proposed by Bill Hagerty:
- S.2205: Equal Representation Act
- S.2060: No Community Development Block Grants for Sanctuary Cities Act
- S.1715: Protecting Privacy in Purchases Act
- S.1582: GENIUS Act
- S.1522: District of Columbia Federal Immigration Compliance Act
- S.1375: SNOOP Act of 2025
You can track bills proposed by Bill Hagerty on Quiver Quantitative's politician page for Hagerty.
Bill Hagerty Fundraising
Bill Hagerty recently disclosed $853.6K of fundraising in a Q1 FEC disclosure filed on April 15th, 2025. This was the 43rd most from all Q1 reports we have seen this year. 68.7% came from individual donors.
Hagerty disclosed $334.2K of spending. This was the 96th most from all Q1 reports we have seen from politicians so far this year.
Hagerty disclosed $2.5M of cash on hand at the end of the filing period. This was the 97th most from all Q1 reports we have seen this year.
You can see the disclosure here, or track Bill Hagerty's fundraising on Quiver Quantitative.
