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".
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Roll calls on this bill
Votes on passage
Joint Resolution Passed
- Democratic18 Yea · 26 Nay · 1 Not voting
- Republican51 Yea · 0 Nay · 2 Not voting
- Independent / Other1 Yea · 1 Nay · 0 Not voting
Official summary (CRS)Full text on congress.gov ↗
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.
Status
1/21/25Read twice and referred to the Committee on Finance.
1/21/25Introduced in Senate
2/12/25Placed on Senate Legislative Calendar under General Orders. Calendar No. 11.
2/12/25Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
3/4/25Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488)
3/4/25Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102.
3/4/25Measure laid before Senate by motion. (consideration: CR S1471, S1477, S1485-1488)
3/4/25Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471)
3/6/25Message on Senate action sent to the House.
3/10/25Held at the Desk
3/10/25Received in the House
3/11/25Papers returned to Senate pursuant to H. Res. 212
3/12/25Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.