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Finance Committee
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S.J.Res. 3Passed Senate
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 date: Mar 12, 2025
Latest development
Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
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- Congress
- 119th Congress
- Introduced
- Jan 21, 2025
- Recorded roll calls
- 2
Status detail: The full action history records passage in the Senate.
Plain-language overview
What this bill does
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.
Official summary from Congress.gov.
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
Committee activity
Committees and subcommittees that received, reviewed, marked up, or reported this legislation.
Official committee record ↗
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 Oct 25, 2026.
Action timeline
Newest action first. Action language comes from the official Congress.gov record.
View full action timeline14 actions
Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
FloorSenatePapers returned to Senate pursuant to H. Res. 212
FloorHouse floor actionsHeld at the Desk
FloorHouse floor actionsReceived in the House
FloorHouse floor actionsMessage on Senate action sent to the House.
FloorSenatePassed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488)
FloorSenateMotion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471)
FloorSenateMeasure laid before Senate by motion. (consideration: CR S1471, S1477, S1485-1488)
FloorSenatePassed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102.
FloorLibrary of CongressSenate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
CommitteeLibrary of CongressPlaced on Senate Legislative Calendar under General Orders. Calendar No. 11.
CalendarsSenateSenate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
DischargeSenateRead twice and referred to the Committee on Finance.
IntroReferralSenateIntroduced in Senate
IntroReferralLibrary of Congress
Roll-call votes
Recorded House and Senate votes connected to this bill. Your representatives appear first when available.
Joint Resolution Passed (70-27)Mar 4, 2025Senate · Roll call 102
On the Joint Resolution S.J.Res. 3
70 Yea27 Nay3 Not Voting
View 100 recorded positions
Alex PadillaYea
Andy KimYea
Ashley MoodyYea
Bill CassidyYea
Bill HagertyYea
Brian SchatzYea
Cynthia M. LummisNot Voting
Dan SullivanYea
Deb FischerYea
Elissa SlotkinNot Voting
Eric SchmittYea
Jack ReedNay
Jacky RosenYea
James C. JusticeNot Voting
Jeff MerkleyNay
Jerry MoranYea
Jim BanksYea
John BoozmanYea
John CornynYea
John HoevenYea
John KennedyYea
John ThuneYea
Jon HustedYea
Jon OssoffYea
Joni ErnstYea
Josh HawleyYea
Kevin CramerYea
Mark KellyNay
Mike CrapoYea
Mike LeeYea
Mike RoundsYea
Patty MurrayNay
Peter WelchNay
Rand PaulYea
Rick ScottYea
Ron JohnsonYea
Ron WydenNay
Steve DainesYea
Ted BuddYea
Ted CruzYea
Thom TillisYea
Tim KaineNay
Tim ScottYea
Tim SheehyYea
Tina SmithNay
Todd YoungYea
Tom CottonYea
Motion to Proceed Agreed to (70-28)Mar 4, 2025Senate · Roll call 101
On the Motion to Proceed S.J.Res. 3
70 Yea28 Nay2 Not Voting
View 100 recorded positions
Alex PadillaYea
Andy KimYea
Ashley MoodyYea
Bill CassidyYea
Bill HagertyYea
Brian SchatzYea
Cynthia M. LummisNot Voting
Dan SullivanYea
Deb FischerYea
Elissa SlotkinNot Voting
Eric SchmittYea
Jack ReedNay
Jacky RosenYea
Jeff MerkleyNay
Jerry MoranYea
Jim BanksYea
John BoozmanYea
John CornynYea
John HoevenYea
John KennedyYea
John ThuneYea
Jon HustedYea
Jon OssoffYea
Joni ErnstYea
Josh HawleyYea
Kevin CramerYea
Mark KellyNay
Mike CrapoYea
Mike LeeYea
Mike RoundsYea
Patty MurrayNay
Peter WelchNay
Rand PaulYea
Rick ScottYea
Ron JohnsonYea
Ron WydenNay
Steve DainesYea
Ted BuddYea
Ted CruzYea
Thom TillisYea
Tim KaineNay
Tim ScottYea
Tim SheehyYea
Tina SmithNay
Todd YoungYea
Tom CottonYea
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