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: 119-hjres-25
Sponsor: Rep. Carey, Mike [R-OH-15]
Introduced: 2025-01-21 in the House
Policy area: Taxation
Subjects: Administrative law and regulatory procedures
Congressional oversight
Currency
Digital media
Financial services and investments
Internal Revenue Service (IRS)
Tax administration and collection, taxpayers

Summary:
action_date: 2025-01-21
text: 
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. 



Legislative actions:
action_date: 2025-04-10
text: Became Public Law No: 119-5.
action_date: 2025-04-10
text: Became Public Law No: 119-5.
action_date: 2025-04-10
text: Signed by President.
action_date: 2025-04-10
text: Signed by President.
action_date: 2025-04-01
text: Presented to President.
action_date: 2025-04-01
text: Presented to President.
action_date: 2025-03-27
text: Message on Senate action sent to the House.
action_date: 2025-03-26
text: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
action_date: 2025-03-26
text: Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
action_date: 2025-03-26
text: Measure laid before Senate by motion. (consideration: CR S1856-1864)
action_date: 2025-03-26
text: Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.
action_date: 2025-03-12
text: Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.
action_date: 2025-03-11
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2025-03-11
text: On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
action_date: 2025-03-11
text: Passed/agreed to in House: On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
action_date: 2025-03-11
text: Considered as unfinished business. (consideration: CR H1126)
action_date: 2025-03-11
text: POSTPONED PROCEEDINGS - At the conclusion of debate on H.J. Res. 25, the Chair put the question on passage of the joint resolution and by voice vote announced that the ayes had prevailed. Mr. Davis (IL) demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
action_date: 2025-03-11
text: The previous question was ordered pursuant to the rule.
action_date: 2025-03-11
text: DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.
action_date: 2025-03-11
text: Rule provides for consideration of H.J. Res. 25, H.R. 1156 and H.R. 1968. The resolution provides for consideration of H.J. Res. 25, H.R. 1156, and H.R. 1968 under a closed rule. Also, the resolution provides for one hour of general debate and one motion to recommit on each measure.
action_date: 2025-03-11
text: Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)
action_date: 2025-03-11
text: Rules Committee Resolution H. Res. 211 Reported to House. Rule provides for consideration of H.J. Res. 25, H.R. 1156 and H.R. 1968. The resolution provides for consideration of H.J. Res. 25, H.R. 1156, and H.R. 1968 under a closed rule. Also, the resolution provides for one hour of general debate and one motion to recommit on each measure.
action_date: 2025-02-28
text: Placed on the Union Calendar, Calendar No. 3.
action_date: 2025-02-28
text: Reported by the Committee on Ways and Means. H. Rept. 119-7.
action_date: 2025-02-28
text: Reported by the Committee on Ways and Means. H. Rept. 119-7.
action_date: 2025-02-26
text: Ordered to be Reported by the Yeas and Nays: 26 - 16.
action_date: 2025-02-26
text: Committee Consideration and Mark-up Session Held
action_date: 2025-01-21
text: Referred to the House Committee on Ways and Means.
action_date: 2025-01-21
text: Introduced in House
action_date: 2025-01-21
text: Introduced in House

Enacted as: number: 119-5