← All bills
HJRES 25LawTaxeshouse
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 Jan 21, 2025 by Rep. Mike Carey
IntroducedCommitteeFloorCongressLaw
Signed into law.
Latest action · Apr 10, 2025
Became Public Law No: 119-5.
What it does
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.
Summary by the Congressional Research Service.
Roll-call votes
On the Joint Resolution H.J.Res. 25
senate · Mar 27, 2025
On the Motion to Proceed H.J.Res. 25
senate · Mar 26, 2025
On Passage
house · Mar 11, 2025
History
- Apr 10, 2025Became Public Law No: 119-5.
- Apr 10, 2025Signed by President.
- Apr 1, 2025Presented to President.
- Mar 27, 2025Message on Senate action sent to the House.
- Mar 26, 2025Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
- Mar 26, 2025Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
- Mar 26, 2025Measure laid before Senate by motion. (consideration: CR S1856-1864)
- Mar 26, 2025Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.
- Mar 12, 2025Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.
- Mar 11, 2025Motion to reconsider laid on the table Agreed to without objection.
- Mar 11, 2025On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
- Mar 11, 2025Passed/agreed to in House: On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
- Mar 11, 2025Considered as unfinished business. (consideration: CR H1126)
- Mar 11, 2025POSTPONED 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, 2025The previous question was ordered pursuant to the rule.
- Mar 11, 2025DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.
- Mar 11, 2025Rule 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, 2025Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)
- Mar 11, 2025Rules 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.
- Feb 28, 2025Placed on the Union Calendar, Calendar No. 3.
- Feb 28, 2025Reported by the Committee on Ways and Means. H. Rept. 119-7.
- Feb 26, 2025Ordered to be Reported by the Yeas and Nays: 26 - 16.
- Feb 26, 2025Committee Consideration and Mark-up Session Held
- Jan 21, 2025Referred to the House Committee on Ways and Means.
- Jan 21, 2025Introduced in House