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HJRES 25
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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".

Introduced Jan 21, 2025

Latest action (Apr 10, 2025) Became Public Law No: 119-5.

Summary

This joint resolution disapproves an Internal Revenue Service rule requiring brokers to report gross proceeds from digital asset sales. Under the Congressional Review Act, Congress declares the IRS reporting rule for cryptocurrency and digital asset transactions void, preventing it from taking effect. The resolution passed the House on March 11, 2025.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)

Actions (25)

  1. Apr 10, 2025 Became Public Law No: 119-5.
  2. Apr 10, 2025 Signed by President.
  3. Apr 1, 2025 Presented to President. · house
  4. Mar 27, 2025 Message on Senate action sent to the House. · senate
  5. Mar 26, 2025 Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151. · senate
  6. Mar 26, 2025 Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
  7. Mar 26, 2025 Measure laid before Senate by motion. (consideration: CR S1856-1864) · senate
  8. Mar 26, 2025 Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150. · senate
  9. Mar 12, 2025 Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27. · senate
  10. Mar 11, 2025 Motion to reconsider laid on the table Agreed to without objection. · house
  11. Mar 11, 2025 On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099) · house
  12. Mar 11, 2025 Passed/agreed to in House: On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
  13. Mar 11, 2025 Considered as unfinished business. (consideration: CR H1126) · house
  14. 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. · house
  15. Mar 11, 2025 The previous question was ordered pursuant to the rule. · house
  16. Mar 11, 2025 DEBATE - The House proceeded with one hour of debate on H.J. Res. 25. · house
  17. 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. · house
  18. Mar 11, 2025 Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102) · house
  19. 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. · house
  20. Feb 28, 2025 Placed on the Union Calendar, Calendar No. 3. · house
  21. Feb 28, 2025 Reported by the Committee on Ways and Means. H. Rept. 119-7. · house
  22. Feb 26, 2025 Ordered to be Reported by the Yeas and Nays: 26 - 16. · house
  23. Feb 26, 2025 Committee Consideration and Mark-up Session Held · house
  24. Jan 21, 2025 Referred to the House Committee on Ways and Means. · house
  25. Jan 21, 2025 Introduced in House

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Roll-call votes (3)

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More bills on these subjects (8)

Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).

Text versions (5)

  • Placed on Calendar Senate · Mar 12, 2025
  • Engrossed in House · Mar 11, 2025
  • Reported in House · Feb 28, 2025
  • Introduced in House · Jan 21, 2025
  • Enrolled Bill

Full text

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”.

Resolved by the Senate and House of Representatives of the United States of America in Congress assembled,

That Congress disapproves the rule submitted by the Internal Revenue Service relating to “Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales” (89 Fed. Reg. 106928 (December 30, 2024)), and such rule shall have no force or effect.

Passed the House of Representatives March 11, 2025.

Attest:

Clerk. 119th CONGRESS

1st Session

H. J. RES. 25

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”.

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