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

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".

Chamber: United States Senate (The United States of America)
Session: 119th Congress Current
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.

Sponsors

(15)
TC
Ted Cruz
Republican · Primary
CL
Cynthia Lummis
Republican · Primary
BH
Bill Hagerty
Republican · Primary
TT
Thomas Tillis
Republican · Primary
TS
Tim Sheehy
Republican · Primary
TB
Ted Budd
Republican · Primary
BM
Bernie Moreno
Republican · Cosponsor
JC
John Curtis
Republican · Cosponsor
TC
Tom Cotton
Republican · Cosponsor
ML
Mike Lee
Republican · Cosponsor
JB
Jim Banks
Republican · Cosponsor
SD
Steve Daines
Republican · Cosponsor
MB
Marsha Blackburn
Republican · Cosponsor
TS
Tim Scott
Republican · Cosponsor
DM
David McCormick
Republican · Cosponsor

Legislative Votes

United States Senate: 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".

Mar 4, 2025
PASSED 70-27
Yes: 70
No: 27
Not Voting: 0
Absent: 3

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