The first change is treated as if it had always been in place
What the document says“The amendment made by this subsection shall take effect as if included in section 9674 of the American Rescue Plan Act.”
The section treats the reinstated exception as if it had been included in section 9674 of the American Rescue Plan Act, and applies the backup withholding change to calendar years beginning after December 31, 2024.
What the document actually says“The amendment made by this subsection shall take effect as if included in section 9674 of the American Rescue Plan Act.”
The change is treated as if it had been part of a 2021 law. That law is named in the text.
So it reaches back rather than starting now. The other change starts with years after 2024. That older law is not indexed here.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.