S.J.Res. 3 · 119th Congress · Senate

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".

In Congress· Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
Introduced
Jan 21, 25
Passed Senate
Mar 4, 25
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

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

13
  1. MAR 12, 2025•Senate

    Message received in Senate

    Returned to the Senate pursuant to the provisions of H.Res. 212.

  2. MAR 11, 2025•House floor actions

    Papers returned to Senate pursuant to H. Res. 212

  3. MAR 10, 2025•House floor actions

    Held at the Desk

  4. MAR 10, 2025•House floor actions

    Received in the House

  5. MAR 06, 2025•Senate

    Message on Senate action sent to the House.

  6. MAR 04, 2025•Senate

    Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number

    102. (text: CR S1488)

    70Yea
    27Nay
    0NV
  7. MAR 04, 2025•Library of Congress

    Passed/agreed to in Senate

    Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102.

    70Yea
    27Nay
    0NV
  8. MAR 04, 2025•Senate

    Measure laid before Senate by motion. (consideration

    CR S1471, S1477, S1485-1488)

    1485Yea
    1488Nay
    0NV
  9. MAR 04, 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)

    70Yea
    28Nay
    0NV
  10. FEB 12, 2025•Senate

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 11.

  11. FEB 12, 2025•Library of Congress

    Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).

  12. JAN 21, 2025•Senate

    Read twice and referred to the Committee on Finance.

  13. JAN 21, 2025•Library of Congress

    Introduced in Senate

Committees

1

Finance Committee

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Referred: Feb 12, 2025

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