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Resolution · 119th Congress · SJRES 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".
Refreshed 3 h ago
Introduced 2025-01-21Topic: taxesSummary
Summary by the Congressional Research ServiceThis 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.
Sponsors
- Ted Cruz Republican sponsor
- 14 cosponsors
Recorded votes
| Date | Chamber | Question | Result | Yeas | Nays |
|---|---|---|---|---|---|
| 2025-03-04 | Senate roll 102 | On the Joint Resolution S.J.Res. 3 | Joint Resolution Passed | 70 | 27 |
| 2025-03-04 | Senate roll 101 | On the Motion to Proceed S.J.Res. 3 | Motion to Proceed Agreed to | 70 | 28 |
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2025-03-12 | Senate | Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212. | |
| 2025-03-11 | House | Papers returned to Senate pursuant to H. Res. 212 | |
| 2025-03-10 | House | Held at the Desk | |
| 2025-03-10 | House | Received in the House | |
| 2025-03-06 | Senate | Message on Senate action sent to the House. | |
| 2025-03-04 | Senate | Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488) | |
| 2025-03-04 | Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. | floor pass | |
| 2025-03-04 | Senate | Measure laid before Senate by motion. (consideration: CR S1471, S1477, S1485-1488) | |
| 2025-03-04 | 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) | |
| 2025-02-12 | Senate | Placed on Senate Legislative Calendar under General Orders. Calendar No. 11. | |
| 2025-02-12 | Senate | Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c). | report |
| 2025-02-12 | Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c). | report | |
| 2025-01-21 | Senate | Read twice and referred to the Committee on Finance. | refer |
| 2025-01-21 | Introduced in Senate | introduce |