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SJRES 3
Passed Senate Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.

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 Jan 21, 2025

Latest action (Mar 12, 2025) Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.

Referred to
Finance Committee
Policy area
Taxation
Issues
Economy & TaxesTechnology & Privacy
Legislative subjects (7)
Administrative law and regulatory proceduresCongressional oversightCurrencyDigital mediaFinancial services and investmentsInternal Revenue Service (IRS)Tax administration and collection, taxpayers

Summary

Senate Joint Resolution 3 would disapprove an Internal Revenue Service rule requiring brokers who regularly facilitate digital asset (cryptocurrency) sales to report gross proceeds from those transactions. The resolution, passed by the Senate on March 4, 2025, would nullify the IRS rule relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales," published in the Federal Register on December 30, 2024. Under the Congressional Review Act, if the resolution passes the House and is signed by the President, the IRS rule would have no force or effect and could not be re-issued in substantially the same form.

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)
14 cosponsors

Money behind the sponsor

Top reported contributors to Ted Cruz’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

  • NULL $4,424,745
  • ENTREPRENEUR $458,096
  • RDV CORPORATION $39,600
  • AMERICAN AIRLINES $29,632
  • BLACKSTONE $27,400

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Ted Cruz → · Outside spending →

Actions (13)
  1. Mar 12, 2025 Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212. · senate
  2. Mar 11, 2025 Papers returned to Senate pursuant to H. Res. 212 · house
  3. Mar 10, 2025 Held at the Desk · house
  4. Mar 10, 2025 Received in the House · house
  5. Mar 6, 2025 Message on Senate action sent to the House. · senate
  6. Mar 4, 2025 Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488) · senate
  7. Mar 4, 2025 Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102.
  8. Mar 4, 2025 Measure laid before Senate by motion. (consideration: CR S1471, S1477, S1485-1488) · senate
  9. Mar 4, 2025 Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471) · senate
  10. Feb 12, 2025 Placed on Senate Legislative Calendar under General Orders. Calendar No. 11. · senate
  11. Feb 12, 2025 Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c). · senate
  12. Jan 21, 2025 Read twice and referred to the Committee on Finance. · senate
  13. Jan 21, 2025 Introduced in Senate

How your representatives voted

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Roll-call votes (2)

How the chamber voted on this bill — the outcome, the tally by party, and every member's recorded position. A factual record.

  • On the Joint ResolutionJoint Resolution Passed
    Senate · Roll call 102 · Mar 4, 2025

    70 Yea · 27 Nay · 3 Not voting

    • Democrats3Yea1Nay
    • Republicans3Yea0Nay
    • Independents0Yea1Nay

    The party tally and member list below cover the 8 of 100 positions we've recorded so far; the outcome above is the official chamber result.

    See how each member voted (8)

    Yea(6)

    Nay(2)

  • On the Motion to ProceedMotion to Proceed Agreed to
    Senate · Roll call 101 · Mar 4, 2025

    70 Yea · 28 Nay · 2 Not voting

    • Democrats3Yea1Nay
    • Republicans3Yea0Nay
    • Independents0Yea1Nay

    The party tally and member list below cover the 8 of 100 positions we've recorded so far; the outcome above is the official chamber result.

    See how each member voted (8)

    Yea(6)

    Nay(2)

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).

  • HJRES 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". (shares 7 subjects)
  • HR 5166 — Financial Services and General Government Appropriations Act, 2026 (shares 5 subjects)
  • S 1582 — GENIUS Act (shares 5 subjects)
  • HR 191 — Inflation Reduction Act of 2025 (shares 5 subjects)
  • HR 7314 — Advancing Commonsense Policies Act (shares 4 subjects)
  • HR 7148 — Consolidated Appropriations Act, 2026 (shares 4 subjects)
  • HR 7006 — Financial Services and General Government and National Security, Department of State, and Related Programs Appropriations Act, 2026 (shares 4 subjects)
  • S 2882 — Continuing Appropriations and Extensions and Other Matters Act, 2026 (shares 4 subjects)

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 Senate March 4, 2025.

Attest:

Secretary. 119th CONGRESS

1st Session

S. J. RES. 3

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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