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".
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
- Passed Senate
- Sponsor
- Sen. Ted Cruz [R-TX]
- Cosponsors
- 14
- Policy area
- Taxation
- Introduced
- 2025-01-21
- Latest action
- 2025-03-12: Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
Committee referrals
Recent actions
- 2025-03-12: Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
- 2025-03-11: Papers returned to Senate pursuant to H. Res. 212
- 2025-03-10: Held at the Desk
- 2025-03-10: Received in the House
- 2025-03-06: Message on Senate action sent to the House.