Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales".
The summary
What this bill does
This joint resolution nullifies the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the Internal Revenue Service (IRS) on December 30, 2024. The rule generally requires persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the IRS.
Legislative timeline
From introduction
Jan 21, 2025
Introduced & referred to committee
Congressional support
Sponsors & Cosponsors
U.S. Representative - OH District 15 · R-OH
9 cosponsors
U.S. Representative - MN District 6 · R-MN
U.S. Representative - OH District 8 · R-OH
U.S. Representative - CO District 5 · R-CO
U.S. Representative - NY District 24 · R-NY
U.S. Representative - MI District 13 · D-MI
U.S. Representative - IA District 3 · R-IA
U.S. Representative - TN District 8 · R-TN
Member of Congress · R-SC
U.S. Representative - MT District 2 · R-MT
Roll-call vote
The vote, by member
The vote, by member
VERSION CHANGES
What changed,
and where.
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Bill Metadata
| Congress | 119 |
| Bill Type | HJRES |
| Bill Number | 25 |
| Origin Chamber | House |
| Current Status | Became Public Law No: 119-5. |
| Policy Area | Taxation |
| Primary Committee | Not assigned |
| Introduced | January 21, 2025 |
| Latest Action | April 10, 2025 |
| Cosponsors | 9 · House vote — · 1 views |