SJRES 3 · 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.
- Introduced
- Jan 21, 2025
- Latest action
- Mar 12, 2025
- Sponsor
- Sen. Ted Cruz [R-TX]
- Policy area
- Taxation
- Cosponsors
- 14
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
- Mar 12, 2025 Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
- Mar 11, 2025 Papers returned to Senate pursuant to H. Res. 212
- Mar 10, 2025 Held at the Desk
- Mar 10, 2025 Received in the House
- Mar 6, 2025 Message on Senate action sent to the House.
- Mar 4, 2025 Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488)
- Mar 4, 2025 Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102.
- Mar 4, 2025 Measure laid before Senate by motion. (consideration: CR S1471, S1477, S1485-1488)
Votes
- Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. Agreed to · Mar 4, 2025, 10:51 PM
- Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471) Agreed to · Mar 4, 2025, 4:59 PM