SJRES 3 119th Congress
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".
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.
Excerpt from the latest CRS summary Jan 21, 2025 Congress.gov
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Bill journey
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Introduction Congress.gov
Introduced
Introduced in the Senate.
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Read twice and referred to the Committee on Finance.
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Introduced in Senate
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Introduced in Senate
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Placed on Senate Legislative Calendar under General Orders. Calendar No. 11.
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Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
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Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
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Placed on Calendar Senate
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Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488)
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Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102.
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Measure laid before Senate by motion. (consideration: CR S1471, S1477, S1485-1488)
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Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471)
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Engrossed in Senate
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Message on Senate action sent to the House.
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Received in the House
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Held at the Desk
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Official action Congress.gov · 2:15 pm UTC
Papers returned to Senate pursuant to H. Res. 212
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Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
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| Date and time | Record | Official detail | Source |
|---|---|---|---|
| IntroductionIntroduced | Introduced in the Senate. | Congress.gov | |
| Official actionRead twice and referred to the Committee on Finance. | No additional detail supplied.IntroReferral · Senate | Congress.gov | |
| Official actionIntroduced in Senate | No additional detail supplied.IntroReferral · Library of Congress · Code 10000 | Congress.gov | |
| Text versionIntroduced in Senate | A dated text-version record is available. | Congress.gov | |
| Official actionPlaced on Senate Legislative Calendar under General Orders. Calendar No. 11. | No additional detail supplied.Calendars · Senate | Congress.gov | |
| Official actionSenate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c). | No additional detail supplied.Discharge · Senate | Congress.gov | |
| Official actionSenate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c). | No additional detail supplied.Committee · Library of Congress · Code 14500 | Congress.gov | |
| Text versionPlaced on Calendar Senate | A dated text-version record is available. | Congress.gov | |
| Official actionPassed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488) | No additional detail supplied.Floor · Senate | Congress.gov | |
| Official actionPassed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. | No additional detail supplied.Floor · Library of Congress · Code 17000 | Congress.gov | |
| Official actionMeasure laid before Senate by motion. (consideration: CR S1471, S1477, S1485-1488) | No additional detail supplied.Floor · Senate | Congress.gov | |
| Official actionMotion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471) | No additional detail supplied.Floor · Senate | Congress.gov | |
| Text versionEngrossed in Senate | A dated text-version record is available. | Congress.gov | |
| Official actionMessage on Senate action sent to the House. | No additional detail supplied.Floor · Senate | Congress.gov | |
| Official actionReceived in the House | No additional detail supplied.Floor · House floor actions · Code H14000 | Congress.gov | |
| Official actionHeld at the Desk | No additional detail supplied.Floor · House floor actions · Code H15000 | Congress.gov | |
| Official actionPapers returned to Senate pursuant to H. Res. 212 | No additional detail supplied.Floor · House floor actions · Code H1B000 | Congress.gov | |
| Official actionMessage received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212. | No additional detail supplied.Floor · Senate | Congress.gov |
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Congressional Research Service
CRS 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.
Official documents
Text versions
- Engrossed in SenateMar 4, 2025
- Placed on Calendar SenateFeb 12, 2025
- Introduced in SenateJan 21, 2025