Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to "Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions".

Bill: 118-hjres-198
Sponsor: full_name: Rep. Palmer, Gary J. [R-AL-6]
Introduced: 2024-08-02
Policy area: Finance and Financial Sector
Latest action: action_date: 2024-08-02
text: Referred to the House Committee on Ways and Means.

Summaries:

tv_txt: IA 118th CONGRESS 2d Session H. J. RES. 198 IN THE HOUSE OF REPRESENTATIVES August 2, 2024 Mr. Palmer submitted the following joint resolution; which was referred to the Committee on Ways and Means JOINT RESOLUTION Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions .

That Congress disapproves the rule submitted by the Department of the Treasury relating to Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions (89 Fed. Reg. 56480 (July 9, 2024)), and such rule shall have no force or effect.