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H.J.Res. 25Became law

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 date: Apr 10, 2025

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Became law

Congress.gov records that the measure became law.

Introduced

Jan 21, 2025

Latest action

Apr 10, 2025

Recorded roll calls

1

Civixly topics

What this legislation is about

Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.

Official CRS policy area

Taxation

View 7 official legislative subjects
Administrative law and regulatory proceduresCongressional oversightCurrencyDigital mediaFinancial services and investmentsInternal Revenue Service (IRS)Tax administration and collection, taxpayers

Bill Summary

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.

Committee activity

Committees and subcommittees that received, reviewed, marked up, or reported this legislation.

Amendments

Proposed changes to this measure, with their latest official outcome or action from Congress.gov.

No amendments are listed for this measure.

Checked against Congress.gov Sep 13, 2026.

Action timeline

Newest action first. Action language comes from the official Congress.gov record.

View full action timeline30 actions
  1. Became Public Law No: 119-5.

    PresidentLibrary of Congress
  2. Became Public Law No: 119-5.

    BecameLawLibrary of Congress
  3. Signed by President.

    PresidentLibrary of Congress
  4. Signed by President.

    BecameLawLibrary of Congress
  5. Presented to President.

    FloorHouse floor actions
  6. Presented to President.

    PresidentLibrary of Congress
  7. Message on Senate action sent to the House.

    FloorSenate
  8. Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.

    FloorSenate
  9. Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.

    FloorLibrary of Congress
  10. Measure laid before Senate by motion. (consideration: CR S1856-1864)

    FloorSenate
  11. Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.

    FloorSenate
  12. Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.

    CalendarsSenate
  13. Motion to reconsider laid on the table Agreed to without objection.

    FloorHouse floor actions
  14. On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)

    FloorHouse floor actions
  15. Passed/agreed to in House: On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)

    FloorLibrary of Congress
  16. Considered as unfinished business. (consideration: CR H1126)

    FloorHouse floor actions
  17. 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.

    FloorHouse floor actions
  18. The previous question was ordered pursuant to the rule.

    FloorHouse floor actions
  19. DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.

    FloorHouse floor actions
  20. 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.

    FloorHouse floor actions
  21. Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)

    FloorHouse floor actions
  22. 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.

    FloorHouse floor actions
  23. Placed on the Union Calendar, Calendar No. 3.

    CalendarsHouse floor actions
  24. Reported by the Committee on Ways and Means. H. Rept. 119-7.

    CommitteeHouse floor actions
  25. Reported by the Committee on Ways and Means. H. Rept. 119-7.

    CommitteeLibrary of Congress
  26. Ordered to be Reported by the Yeas and Nays: 26 - 16.

    CommitteeHouse committee actions
  27. Committee Consideration and Mark-up Session Held

    CommitteeHouse committee actions
  28. Referred to the House Committee on Ways and Means.

    IntroReferralHouse floor actions
  29. Introduced in House

    IntroReferralLibrary of Congress
  30. Introduced in House

    IntroReferralLibrary of Congress

Roll-call votes

Recorded House and Senate votes connected to this bill. Your representatives appear first when available.

PassedDate unavailableHouse · Roll call 71

On Passage

Vote source ↗
292 Yea132 Nay7 Not Voting1 Present
View 432 recorded positions
Becca BalintNay
David ScottNay
Doug LaMalfaYea
Dusty JohnsonYea
Emily RandallNot Voting
Eric SwalwellYea
Gerald E. ConnollyNay
James R. BairdNot Voting
Julie FedorchakYea
Marjorie Taylor GreeneYea
Mark E. GreenYea
Mark TakanoNot Voting
Mikie SherrillYea
Raúl M. GrijalvaNot Voting
Seth MoultonNot Voting
Sheila Cherfilus-McCormickNay
Tony GonzalesYea

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Federal legislative data comes from Congress.gov and official House and Senate vote records.

Base metadata check pending · Summary check pending · Action timeline checked Sep 13, 2026 · Complete sponsorship check pending · Topics checked Sep 13, 2026 · Committees checked Sep 13, 2026 · Status checked Sep 13, 2026 · Related bills checked Sep 13, 2026.