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119th Congress

H.J.Res. 25

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".

  1. Introduced
  2. In committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor
Mike Carey(R-OH)
Introduced
Jan 21, 2025
Policy area
Taxation
Committees
House Committee on Ways and Means
Official text
Placed on Calendar Senate · Congress.gov page

Cosponsors (9)

Added later (9)

Summary

Summary by the Congressional Research Service· describes the “Public Law” version

This joint resolution nullifies requirements for persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the Internal Revenue Service (IRS). Specifically, the joint resolution nullifies the requirements included in the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the IRS on December 30, 2024. Decentralized finance refers to the suite of financial activities and services that are facilitated by cryptocurrency and intended to be conducted without any sort of reliance on traditional financial tools or intermediaries.

Roll-call votes

DateVoteResultYour members
Mar 26, 2025
Senate #151		H.J.Res. 25Joint Resolution PassedSet your home to see
Mar 26, 2025
Senate #150		Motion to Proceed to H.J.Res. 25Motion to Proceed Agreed toSet your home to see
Mar 11, 2025
House #71		On Passage: 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”PassedSet your home to see

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