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: full_name: Rep. Carey, Mike [R-OH-15]
Introduced: 2025-01-21
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
Latest action: action_date: 2025-04-10
text: Became Public Law No: 119-5.

Summaries:
action_date: 2025-01-21
action_desc: Introduced in House
text: <p>This joint resolution nullifies the rule titled <em>Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales</em> 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. <em></em><em></em><em></em><em></em></p>

tv_txt: IB One Hundred Nineteenth Congress of the United States of America At the First Session Begun and held at the City of Washington on Friday, the third day of January, two thousand and twenty-five H. J. RES. 25 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 .

That Congress disapproves the rule submitted by the Internal Revenue Service relating to Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales (89 Fed. Reg. 106928 (December 30, 2024)), and such rule shall have no force or effect.

Speaker of the House of Representatives. Vice President of the United States and President of the Senate.

tv_txt: IIA Calendar No. 27 119th CONGRESS 1st Session H. J. RES. 25 IN THE SENATE OF THE UNITED STATES March 12, 2025 Received; read twice and placed on the calendar 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 .

That Congress disapproves the rule submitted by the Internal Revenue Service relating to Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales (89 Fed. Reg. 106928 (December 30, 2024)), and such rule shall have no force or effect.

Passed the House of Representatives March 11, 2025. Kevin F. McCumber, Clerk.

March 12, 2025 Received; read twice and placed on the calendar

tv_txt: IB 119th CONGRESS 1st Session H. J. RES. 25 IN THE HOUSE OF REPRESENTATIVES 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 .

That Congress disapproves the rule submitted by the Internal Revenue Service relating to Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales (89 Fed. Reg. 106928 (December 30, 2024)), and such rule shall have no force or effect.

Passed the House of Representatives March 11, 2025. Kevin F. McCumber, Clerk.

tv_txt: IB Union Calendar No. 3 119th CONGRESS 1st Session H. J. RES. 25 [Report No. 119–7] IN THE HOUSE OF REPRESENTATIVES January 21, 2025 Mr. Carey submitted the following joint resolution; which was referred to the Committee on Ways and Means February 28, 2025 Additional sponsors: Mr. Emmer , Mr. Davidson , Mr. Crank , Ms. Tenney , Mr. Thanedar , Mr. Nunn of Iowa , Mr. Kustoff , Mr. Timmons , and Mr. Downing February 28, 2025 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed 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 .

That Congress disapproves the rule submitted by the Internal Revenue Service relating to Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales (89 Fed. Reg. 106928 (December 30, 2024)), and such rule shall have no force or effect.

February 28, 2025 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

tv_txt: IA 119th CONGRESS 1st Session H. J. RES. 25 IN THE HOUSE OF REPRESENTATIVES January 21, 2025 Mr. Carey 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 Internal Revenue Service relating to Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales .

That Congress disapproves the rule submitted by the Internal Revenue Service relating to Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales (89 Fed. Reg. 106928 (December 30, 2024)), and such rule shall have no force or effect.