HJRES 25 · 119th Congress · Taxation
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".
Bill Progress
1
Introduced2
Committee✓
House Vote✓
Senate✓
EnactedLatest: Became Public Law No: 119-5.(2025-04-10)
Recorded Votes
PassedSenate · 2025-03-26
Roll #151 ↗Yea 70Nay 28
PassedSenate · 2025-03-26
Roll #151 ↗Yea 70Nay 28
PassedSenate · 2025-03-26
Roll #150 ↗Yea 70Nay 28
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Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.J. Res. 25, 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”
Mar 7, 2025As reported by the House Committee on Ways and Means on February 28, 2025
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (9)
1 Democrat8 Republicans