H.J.Res. 25 · 119th Congress · House

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".

Enacted· Signed by President.
Introduced
Jan 21, 25
Passed House
Mar 11, 25
Passed Senate
Mar 26, 25
Sent to President
Apr 1, 25
Signed into Law
Apr 10, 25

Executive 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.

Action Timeline

25
  1. APR 10, 2025Library of Congress

    Became Public Law No: 119-5.

    119Yea
    5Nay
    0NV
  2. APR 10, 2025Library of Congress

    Signed by President.

  3. APR 01, 2025Library of Congress

    Presented to President.

  4. MAR 27, 2025Senate

    Message on Senate action sent to the House.

  5. MAR 26, 2025Senate

    Passed Senate without amendment by Yea-Nay Vote

    70 - 28. Record Vote Number: 151.

    70Yea
    28Nay
    0NV
  6. MAR 26, 2025Library of Congress

    Passed/agreed to in Senate

    Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.

    70Yea
    28Nay
    0NV
  7. MAR 26, 2025Senate

    Measure laid before Senate by motion

    (consideration: CR S1856-1864)

    1856Yea
    1864Nay
    0NV
  8. MAR 26, 2025Senate

    Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.

    70Yea
    28Nay
    0NV
  9. MAR 12, 2025Senate

    Received in the Senate

    Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.

  10. MAR 11, 2025House floor actions

    Motion to reconsider laid on the table Agreed to without objection.

  11. MAR 11, 2025House floor actions

    On passage Passed by the Yeas and Nays

    Roll Call #71

    292 - 132, 1 Present (Roll no. 71). (text: CR H1099)

    292Yea
    132Nay
    0NV
  12. MAR 11, 2025Library of Congress

    Passed/agreed to in House

    Roll Call #71

    On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)

    292Yea
    132Nay
    0NV
  13. MAR 11, 2025House floor actions

    Considered as unfinished business

    (consideration: CR H1126)

  14. MAR 11, 2025House floor actions

    POSTPONED 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.

  15. MAR 11, 2025House floor actions

    The previous question was ordered pursuant to the rule.

  16. MAR 11, 2025House floor actions

    DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.

  17. MAR 11, 2025House floor actions

    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.

  18. MAR 11, 2025House floor actions

    Considered under the provisions of rule H

    Res. 211. (consideration: CR H1099-1102)

    1099Yea
    1102Nay
    0NV
  19. MAR 11, 2025House floor actions

    Rules 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.

  20. FEB 28, 2025House floor actions

    Placed on the Union Calendar, Calendar No. 3.

  21. FEB 28, 2025Library of Congress

    Reported by the Committee on Ways and Means. H. Rept. 119-7.

    119Yea
    7Nay
    0NV
  22. FEB 26, 2025House committee actions

    Ordered to be Reported by the Yeas and Nays: 26 - 16.

    26Yea
    16Nay
    0NV
  23. FEB 26, 2025House committee actions

    Committee Consideration and Mark-up Session Held

  24. JAN 21, 2025House floor actions

    Referred to the House Committee on Ways and Means.

  25. JAN 21, 2025Library of Congress

    Introduced in House

Committees

1

Ways and Means Committee

hswm00

Referred: Feb 28, 2025

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