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".

Fact Sheet API

Bill Number

SJRES 3

Introduced

Jan 21, 2025

Latest Action

Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.

Sponsor

Cosponsors

Topics

Administrative law and regulatory procedures Congressional oversight Currency Digital media Financial services and investments Internal Revenue Service (IRS) Tax administration and collection, taxpayers Taxation

Full Text

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Votes

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.

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 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)
Mar 4, 2025

Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471)
Feb 12, 2025

Placed on Senate Legislative Calendar under General Orders. Calendar No. 11.
Feb 12, 2025

Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
Jan 21, 2025

Read twice and referred to the Committee on Finance.
Jan 21, 2025

Introduced in Senate

Amendments

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