A joint resolution 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".
Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
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
No timeline data available yet.
Congressional support
Sponsors & Cosponsors
U.S. Representative - TX · R-TX
14 cosponsors
U.S. Representative - NC · R-NC
U.S. Representative - NC · R-NC
U.S. Representative - TN · R-TN
U.S. Representative - MT · R-MT
U.S. Representative - WY · R-WY
U.S. Senator - Ohio · R-OH
U.S. Representative - AR · R-AR
Member of Congress · R-UT
U.S. Representative - UT · R-UT
U.S. Representative - IN · R-IN
U.S. Representative - MT · R-MT
U.S. Representative - Tennessee District 7 · R-TN
+ 2 more cosponsors
Roll-call vote
The vote, by member
On the Joint Resolution S.J.Res. 3
Democrats
· 45 votes18yea
26nay
1not voting
Republicans
· 53 votes51yea
2not voting
Independents
· 2 votes1yea
1nay
The Senate floor · 100 votes
VERSION CHANGES
What changed,
and where.
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Bill Metadata
| Congress | 119 |
| Bill Type | SJRES |
| Bill Number | 3 |
| Origin Chamber | Senate |
| Current Status | Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212. |
| Policy Area | Taxation |
| Primary Committee | Not assigned |
| Introduced | Unknown |
| Latest Action | Unknown |
| Cosponsors | 14 · House vote — · 1 views |
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