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".
119-HJRES-25119th CongressIntroduced Jan 21, 2025Taxation
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Became Public Law No: 119-5.
Sponsor
Rep. Carey, Mike [R-OH-15](R-OH-15)9 cosponsors
Summary
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.
Subjects
Administrative law and regulatory proceduresCongressional oversightCurrencyDigital mediaFinancial services and investmentsInternal Revenue Service (IRS)Tax administration and collection, taxpayers
Actions (30)
Became Public Law No: 119-5.
Apr 10, 2025Library of Congress
Became Public Law No: 119-5.
Apr 10, 2025Library of Congress
Signed by President.
Apr 10, 2025Library of Congress
Signed by President.
Apr 10, 2025Library of Congress
Presented to President.
Apr 1, 2025House floor actions
Presented to President.
Apr 1, 2025Library of Congress
Message on Senate action sent to the House.
Mar 27, 2025Senate
Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
Mar 26, 2025SenateRECORDED VOTE
Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
Mar 26, 2025Library of CongressRECORDED VOTE
Measure laid before Senate by motion. (consideration: CR S1856-1864)
Mar 26, 2025Senate
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.
Mar 26, 2025SenateRECORDED VOTE
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.
Mar 12, 2025Senate
Motion to reconsider laid on the table Agreed to without objection.
Mar 11, 2025House floor actions
On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
Mar 11, 2025House floor actionsRECORDED VOTE
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
Mar 11, 2025Library of CongressRECORDED VOTE
Considered as unfinished business. (consideration: CR H1126)
Mar 11, 2025House floor actions
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.
Mar 11, 2025House floor actions
The previous question was ordered pursuant to the rule.
Mar 11, 2025House floor actions
DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.
Mar 11, 2025House floor actions
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.
Mar 11, 2025House floor actions
Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)
Mar 11, 2025House floor actions
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.
Mar 11, 2025House floor actions
Placed on the Union Calendar, Calendar No. 3.
Feb 28, 2025House floor actions
Reported by the Committee on Ways and Means. H. Rept. 119-7.
Feb 28, 2025House floor actions
Reported by the Committee on Ways and Means. H. Rept. 119-7.
Feb 28, 2025Library of Congress
Ordered to be Reported by the Yeas and Nays: 26 - 16.
Feb 26, 2025House committee actions
Committee Consideration and Mark-up Session Held
Feb 26, 2025House committee actions
Referred to the House Committee on Ways and Means.
Jan 21, 2025House floor actions
Introduced in House
Jan 21, 2025Library of Congress
Introduced in House
Jan 21, 2025Library of Congress