H.J.Res. 25 · 119th Congress
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".
Enacted
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Bill details
Introduced: 1/21/2025
Current status: Enacted
Introduced by: Mike Carey (R · OH-15)
Bill ID: 119hjres25
Latest official action: Became Public Law No: 119-5.
Bill overview
A neutral overview based on official congressional sources.
Introduced in House
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.
Source: BILLSUM · Summary date: 1/21/2025
Related votes
Roll calls that reference this bill in official data.
2 roll calls
Senate · 119 / 1 · Roll 150
On the Motion to Proceed
Date: 3/26/2025Result: Motion to Proceed Agreed to
Senate · 119 / 1 · Roll 151
On the Joint Resolution
Date: 3/26/2025Result: Joint Resolution Passed
Primary sources
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