HJRES 25 · 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".
Became Public Law No: 119-5.
- Introduced
- Jan 21, 2025
- Latest action
- Apr 10, 2025
- Sponsor
- Rep. Mike Carey [R-OH-15]
- Policy area
- Taxation
- Cosponsors
- 9
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.
Recent actions
- Apr 10, 2025 Became Public Law No: 119-5.
- Apr 10, 2025 Became Public Law No: 119-5.
- Apr 10, 2025 Signed by President.
- Apr 10, 2025 Signed by President.
- Apr 1, 2025 Presented to President.
- Apr 1, 2025 Presented to President.
- Mar 27, 2025 Message on Senate action sent to the House.
- Mar 26, 2025 Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
Votes
- Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151. Agreed to · Mar 27, 2025, 12:47 AM
- Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150. Agreed to · Mar 26, 2025, 10:40 PM
- On Passage Passed · Mar 11, 2025, 9:51 PM