SJRES 3 United States Senate · 119th Congress

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".

Summary

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.

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Feb 2025

Senate Passage

Mar 2025

House Passage

President

Introduced Jan 21, 2025 Last action Mar 12, 2025

Floor votes · Senate Mar 4, 2025

How they voted

70–27

Passed · 3 other

Total votes 100

Mar 4, 2025

D Democratic45

18 Yea 26 Nay 1

57% Nay

I Independent2

1 Yea 1 Nay

50% Nay

R Republican53

51 Yea 2

96% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 4, 2025

Upper · Passed

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

upper

Mar 4, 2025

Upper · Passed

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

upper

Feb 12, 2025

Upper · Passed

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

upper

Jan 21, 2025

Committee

Read twice and referred to the Committee on Finance.

upper

Jan 21, 2025

Introduced

Introduced in Senate

upper

1 primary · 14 co-sponsors