119th Congress (2025–2027) · House joint resolution · Sponsor: Rep. Carey, Mike [R-OH-15]
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".
| Item | Detail |
|---|---|
| Roll-call votes | 3 |
| Chamber | House and Senate |
| Latest vote | 2025-03-26: Joint Resolution Passed (70-28) |
| Latest action | 2025-04-10: Became Public Law No: 119-5. |
| Policy area | Taxation |
| Official record | Congress.gov |
This joint resolution nullifies requirements for persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the Internal Revenue Service (IRS). Specifically, the joint resolution nullifies the requirements included in the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the IRS on December 30, 2024. Decentralized finance refers to the suite of financial activities and services that are facilitated by cryptocurrency and intended to be conducted without any sort of reliance on traditional financial tools or intermediaries.
Subjects: Administrative law and regulatory procedures, Congressional oversight, Currency, Digital media, Financial services and investments, Internal Revenue Service (IRS), Tax administration and collection, taxpayers
Every recorded vote on this bill, newest first, with a link to the official tally. Member-by-member positions are on each member’s profile.
| Date | Chamber | Question | Result | Yea | Nay | Not voting | Record |
|---|---|---|---|---|---|---|---|
| 2025-03-26 | Senate | On the Joint Resolution H. J. Res. 25 | Joint Resolution Passed (70-28) | 68 | 28 | 2 | Official tally |
| 2025-03-26 | Senate | On the Motion to Proceed H. J. Res. 25 | Motion to Proceed Agreed to (70-28) | 68 | 28 | 2 | Official tally |
| 2025-03-11 | House | Yea-and-Nay | Passed | 288 | 131 | 7 | Official tally |
HJRES25 (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…) was introduced in the 119th Congress (2025–2027) by Rep. Carey, Mike [R-OH-15].
On 2025-04-10: Became Public Law No: 119-5.
3 recorded votes in the 119th Congress. The most recent, on 2025-03-26, was "On the Joint Resolution H.J.Res. 25": Joint Resolution Passed (70-28).