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".
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What it does
Official summary
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.
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More on this bill
Where it stands
Introduced
Passed Senate
3Passed House
4To President
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Mar 12Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.Latest
Mar 11Papers returned to Senate pursuant to H. Res. 212
Mar 10Received in the House
Mar 10Held at the Desk
Mar 6Message on Senate action sent to the House.
Mar 4Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471)
Vote recorded On the Joint Resolution S.J.Res. 3. Result: Joint Resolution Passed.Senate
Vote recorded On the Motion to Proceed S.J.Res. 3. Result: Motion to Proceed Agreed to.Senate
Mar 4Measure laid before Senate by motion. (consideration: CR S1471, S1477, S1485-1488)
Mar 4Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488)Passed Senate
Feb 12Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).Minor
Feb 12Placed on Senate Legislative Calendar under General Orders. Calendar No. 11.
Jan 21Introduced in Senate
Jan 21Read twice and referred to the Committee on Finance.Introduced