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Bill119th CongressFiled Jan 21, 2025Taxation
S.J.Res. 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".

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary introduced in senate (Jan 21, 2025)

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.

What just happenedMar 12, 2025

Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.

Who’s behind it

Sen. Cruz, Ted [R-TX](R-TX)Sponsor
14 cosponsors14 R
Read on Congress.gov
14cosponsors1committees14actions3related bills8subjects
  1. Mar 12, 2025Floor

    Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.

  2. Mar 11, 2025FloorH1B000

    Papers returned to Senate pursuant to H. Res. 212

  3. Mar 10, 2025FloorH15000

    Held at the Desk

  4. Mar 10, 2025FloorH14000

    Received in the House

  5. Mar 6, 2025Floor

    Message on Senate action sent to the House.

  6. Mar 4, 2025Floor

    Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488)

  7. Mar 4, 2025Floor17000

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

  8. Mar 4, 2025Floor

    Measure laid before Senate by motion. (consideration: CR S1471, S1477, S1485-1488)

  9. Mar 4, 2025Floor

    Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471)

  10. Feb 12, 2025Calendars

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

  11. Feb 12, 2025Discharge

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

    Finance Committee
  12. Feb 12, 2025Committee14500

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

    Finance Committee
  13. Jan 21, 2025IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  14. Jan 21, 2025IntroReferral10000

    Introduced in Senate