S.J.Res. 3 passed the Senate 42 days after introduction and awaits a vote in the House
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".
Written by the Congressional Research Service [2]. 53 words.
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.
- Committees
- Senate Finance Committee
- Policy area
- Taxation: 20 of 6,214 bills became law, 113th–118th (0.3%)
- Sponsor
- 10 of 544 bills enacted since 2013
- Text versions
- 3, from introduced in senate to engrossed in senate · 42 words
- Subjects
- Administrative law and regulatory proceduresCongressional oversightCurrencyDigital mediaFinancial services and investmentsInternal Revenue Service (IRS) +1 more
- Latest action
- Mar 12, 2025: Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
- Records
- Congress.gov · Bill text
Each bill appears once, under its strongest link. 2 in all.
Shared text, or included in a law · 1
- 119th 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 Servic R · Law
Related, per CRS or House · 1
- 119th H.Res. 212 Returning Senate Joint Resolution 3 to the Senate. R · Agreed to