; reversal of certain additions to 6050I Section 80603 of the Infrastructure Investment and Jobs Act is amended— (1) by striking subsection (b)(3), and (2) in subsection (c), by striking December 31, 2023 and inserting December 31, 2025 . (d) Effective dates (1) The amendments made by subsections (a) and (b) shall apply to returns required to be filed and statements required to be furnished after December 31, 2025. (2) The amendment made by subsection (c) shall take effect as if included in the enactment of section 80603 of the Infrastructure Investment and Jobs Act. 4. Study and report on treatment of digital assets as cash under certain laws (a) Study The Secretary, in consultation with the Financial Crimes Enforcement Network, and representatives of the digital asset industry, organizations focused on individual privacy and civil liberties, organizations engaged in advocacy, research or developing standards relating to digital asset use, shall conduct a study on the effect of expanding the definition of cash to include any digital asset (as defined in section 6045(g)(3)(D) of the Internal Revenue Code of 1986) solely for purposes of— (1) section 6050I of such Code, and (2) section 5331 of title 31, United States Code. (b) Report Not later than 365 days after the date of the enactment of this Act, the Secretary shall provide to relevant committees a report that contains all findings and determinations made in carrying out the study under subsection (a), including an analysis of— (1) the interpretation of, regulations under, and enforcement of the sections specified in paragraphs (1) and (2) of subsection (a), (2) the privacy and liberty rights and interests of taxpayers and other persons affected, (3) the cost-benefit analysis of compliance, (4) the effect on the use of and access to digital assets and the financial system, (5) the effect on innovation, and (6) the effect on the economic competitiveness of the United States. (c) Definitions For purposes of this section— (1) Relevant committees The term relevant