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".
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.
Bill status
- Status
- Became law
- Sponsor
- Rep. Mike Carey [R-OH-15]
- Cosponsors
- 9
- Policy area
- Taxation
- Introduced
- 2025-01-21
- Latest action
- 2025-04-10: Became Public Law No: 119-5.
Committee referrals
Recent actions
- 2025-04-10: Became Public Law No: 119-5.
- 2025-04-10: Became Public Law No: 119-5.
- 2025-04-10: Signed by President.
- 2025-04-10: Signed by President.
- 2025-04-01: Presented to President.