119th Congress
S.J.Res. 3
A 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".
- Introduced
- In committee
- Passed Senate
- Passed House
- To President
- Became law
- Sponsor
- Ted Cruz(R-TX)
- Introduced
- Jan 21, 2025
- Policy area
- Taxation
- Committees
- Senate Committee on Finance
- Official text
- Engrossed in Senate · Congress.gov page
Cosponsors (14)
Original cosponsors (5)
- Bill Hagerty (R-TN)
- Cynthia M. Lummis (R-WY)
- Ted Budd (R-NC)
- Thom Tillis (R-NC)
- Tim Sheehy (R-MT)
Added later (9)
- Bernie Moreno (R-OH) · Jan 24, 2025
- John R. Curtis (R-UT) · Jan 28, 2025
- Mike Lee (R-UT) · Jan 28, 2025
- Tom Cotton (R-AR) · Jan 28, 2025
- Jim Banks (R-IN) · Feb 3, 2025
- Steve Daines (R-MT) · Feb 4, 2025
- Marsha Blackburn (R-TN) · Feb 10, 2025
- Tim Scott (R-SC) · Feb 20, 2025
- David McCormick (R-PA) · Mar 4, 2025
Summary
Summary by the Congressional Research Service· describes the “Introduced in Senate” version
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.
Roll-call votes
| Date | Vote | Result | Your members |
|---|---|---|---|
| Mar 4, 2025 Senate #102 | S.J. Res. 3 | Joint Resolution Passed | Set your home to see |
| Mar 4, 2025 Senate #101 | Motion to Proceed to S.J. Res. 3 | Motion to Proceed Agreed to | Set your home to see |
Actions
- Mar 12, 2025 · Senate
Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212. - Mar 11, 2025 · House
Papers returned to Senate pursuant to H. Res. 212 - Mar 10, 2025 · House
Held at the Desk - Mar 10, 2025 · House
Received in the House - Mar 6, 2025 · Senate
Message on Senate action sent to the House. - Mar 4, 2025 · Senate
Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488) - Mar 4, 2025
Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. - Mar 4, 2025 · Senate
Measure laid before Senate by motion. (consideration: CR S1471, S1477, S1485-1488) - Mar 4, 2025 · Senate
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471) - Feb 12, 2025 · Senate
Placed on Senate Legislative Calendar under General Orders. Calendar No. 11. - Feb 12, 2025 · Senate
Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c). - Jan 21, 2025 · Senate
Read twice and referred to the Committee on Finance. - Jan 21, 2025
Introduced in Senate