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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".

USA119th CongressHJRES-25| House 
| Updated: 4/10/2025
Mike Carey

Mike Carey

Republican Representative

Ohio

Cosponsors (9)
David Kustoff (Republican)Jeff Crank (Republican)Warren Davidson (Republican)Zachary Nunn (Republican)Claudia Tenney (Republican)William R. Timmons (Republican)Shri Thanedar (Democratic)Troy Downing (Republican)Tom Emmer (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This Joint Resolution enacts a congressional disapproval of a specific rule issued by the Internal Revenue Service (IRS). Utilizing authority under chapter 8 of title 5, United States Code, Congress has formally rejected the IRS's regulation. The disapproved rule, titled "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales," aimed to establish reporting requirements for brokers handling digital asset transactions. Consequently, this congressional action ensures that the IRS rule will have no force or effect , preventing its implementation.

Bill Text Versions

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Timeline
Jan 21, 2025
Introduced in House
Jan 21, 2025
Referred to the House Committee on Ways and Means.
Feb 26, 2025
Committee Consideration and Mark-up Session Held
Feb 26, 2025
Ordered to be Reported by the Yeas and Nays: 26 - 16.
Feb 28, 2025
Placed on the Union Calendar, Calendar No. 3.
Feb 28, 2025
Reported by the Committee on Ways and Means. H. Rept. 119-7.
Mar 11, 2025
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.
Mar 11, 2025
Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)
Mar 11, 2025
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.
Mar 11, 2025
DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.
Mar 11, 2025
The previous question was ordered pursuant to the rule.
Mar 11, 2025
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.
Mar 11, 2025
Considered as unfinished business. (consideration: CR H1126)
Mar 11, 2025
On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
View Vote
Mar 11, 2025
Motion to reconsider laid on the table Agreed to without objection.
Mar 12, 2025

Latest Companion Bill Action

SJRES 119-3
Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
Mar 12, 2025
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.
Mar 26, 2025
Measure laid before Senate by motion. (consideration: CR S1856-1864)
Mar 26, 2025
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.
View Vote
Mar 27, 2025
Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
View Vote
Mar 27, 2025
Message on Senate action sent to the House.
Apr 1, 2025
Presented to President.
Apr 10, 2025
Signed by President.
Apr 10, 2025
Became Public Law No: 119-5.
  • January 21, 2025
    Introduced in House


  • January 21, 2025
    Referred to the House Committee on Ways and Means.


  • February 26, 2025
    Committee Consideration and Mark-up Session Held


  • February 26, 2025
    Ordered to be Reported by the Yeas and Nays: 26 - 16.


  • February 28, 2025
    Placed on the Union Calendar, Calendar No. 3.


  • February 28, 2025
    Reported by the Committee on Ways and Means. H. Rept. 119-7.


  • March 11, 2025
    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.


  • March 11, 2025
    Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)


  • March 11, 2025
    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.


  • March 11, 2025
    DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.


  • March 11, 2025
    The previous question was ordered pursuant to the rule.


  • March 11, 2025
    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.


  • March 11, 2025
    Considered as unfinished business. (consideration: CR H1126)


  • March 11, 2025
    On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
    View Vote


  • March 11, 2025
    Motion to reconsider laid on the table Agreed to without objection.


  • March 12, 2025

    Latest Companion Bill Action

    SJRES 119-3
    Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.


  • March 12, 2025
    Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.


  • March 26, 2025
    Measure laid before Senate by motion. (consideration: CR S1856-1864)


  • March 26, 2025
    Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.
    View Vote


  • March 27, 2025
    Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
    View Vote


  • March 27, 2025
    Message on Senate action sent to the House.


  • April 1, 2025
    Presented to President.


  • April 10, 2025
    Signed by President.


  • April 10, 2025
    Became Public Law No: 119-5.

Taxation

Related Bills

  • HRES 119-211: Providing for consideration of the joint resolution (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 Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales"; providing for consideration of the bill (H.R. 1156) to amend the CARES Act to extend the statute of limitations for fraud under certain unemployment programs, and for other purposes; providing for consideration of the bill (H.R. 1968) making further continuing appropriations and other extensions for the fiscal year ending September 30, 2025, and for other purposes; and for other purposes.
  • SJRES 119-3: 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".
Administrative law and regulatory proceduresCongressional oversightCurrencyDigital mediaFinancial services and investmentsInternal Revenue Service (IRS)Tax administration and collection, taxpayers

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".

USA119th CongressHJRES-25| House 
| Updated: 4/10/2025
This Joint Resolution enacts a congressional disapproval of a specific rule issued by the Internal Revenue Service (IRS). Utilizing authority under chapter 8 of title 5, United States Code, Congress has formally rejected the IRS's regulation. The disapproved rule, titled "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales," aimed to establish reporting requirements for brokers handling digital asset transactions. Consequently, this congressional action ensures that the IRS rule will have no force or effect , preventing its implementation.

Bill Text Versions

View Text
6 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 21, 2025
Introduced in House
Jan 21, 2025
Referred to the House Committee on Ways and Means.
Feb 26, 2025
Committee Consideration and Mark-up Session Held
Feb 26, 2025
Ordered to be Reported by the Yeas and Nays: 26 - 16.
Feb 28, 2025
Placed on the Union Calendar, Calendar No. 3.
Feb 28, 2025
Reported by the Committee on Ways and Means. H. Rept. 119-7.
Mar 11, 2025
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.
Mar 11, 2025
Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)
Mar 11, 2025
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.
Mar 11, 2025
DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.
Mar 11, 2025
The previous question was ordered pursuant to the rule.
Mar 11, 2025
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.
Mar 11, 2025
Considered as unfinished business. (consideration: CR H1126)
Mar 11, 2025
On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
View Vote
Mar 11, 2025
Motion to reconsider laid on the table Agreed to without objection.
Mar 12, 2025

Latest Companion Bill Action

SJRES 119-3
Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
Mar 12, 2025
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.
Mar 26, 2025
Measure laid before Senate by motion. (consideration: CR S1856-1864)
Mar 26, 2025
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.
View Vote
Mar 27, 2025
Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
View Vote
Mar 27, 2025
Message on Senate action sent to the House.
Apr 1, 2025
Presented to President.
Apr 10, 2025
Signed by President.
Apr 10, 2025
Became Public Law No: 119-5.
  • January 21, 2025
    Introduced in House


  • January 21, 2025
    Referred to the House Committee on Ways and Means.


  • February 26, 2025
    Committee Consideration and Mark-up Session Held


  • February 26, 2025
    Ordered to be Reported by the Yeas and Nays: 26 - 16.


  • February 28, 2025
    Placed on the Union Calendar, Calendar No. 3.


  • February 28, 2025
    Reported by the Committee on Ways and Means. H. Rept. 119-7.


  • March 11, 2025
    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.


  • March 11, 2025
    Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)


  • March 11, 2025
    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.


  • March 11, 2025
    DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.


  • March 11, 2025
    The previous question was ordered pursuant to the rule.


  • March 11, 2025
    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.


  • March 11, 2025
    Considered as unfinished business. (consideration: CR H1126)


  • March 11, 2025
    On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
    View Vote


  • March 11, 2025
    Motion to reconsider laid on the table Agreed to without objection.


  • March 12, 2025

    Latest Companion Bill Action

    SJRES 119-3
    Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.


  • March 12, 2025
    Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.


  • March 26, 2025
    Measure laid before Senate by motion. (consideration: CR S1856-1864)


  • March 26, 2025
    Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.
    View Vote


  • March 27, 2025
    Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
    View Vote


  • March 27, 2025
    Message on Senate action sent to the House.


  • April 1, 2025
    Presented to President.


  • April 10, 2025
    Signed by President.


  • April 10, 2025
    Became Public Law No: 119-5.
Mike Carey

Mike Carey

Republican Representative

Ohio

Cosponsors (9)
David Kustoff (Republican)Jeff Crank (Republican)Warren Davidson (Republican)Zachary Nunn (Republican)Claudia Tenney (Republican)William R. Timmons (Republican)Shri Thanedar (Democratic)Troy Downing (Republican)Tom Emmer (Republican)

Ways and Means Committee

Taxation

Related Bills

  • HRES 119-211: Providing for consideration of the joint resolution (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 Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales"; providing for consideration of the bill (H.R. 1156) to amend the CARES Act to extend the statute of limitations for fraud under certain unemployment programs, and for other purposes; providing for consideration of the bill (H.R. 1968) making further continuing appropriations and other extensions for the fiscal year ending September 30, 2025, and for other purposes; and for other purposes.
  • SJRES 119-3: 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".
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresCongressional oversightCurrencyDigital mediaFinancial services and investmentsInternal Revenue Service (IRS)Tax administration and collection, taxpayers