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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
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Passed Senate
The full action history records passage in the Senate.
Introduced
Jan 21, 2025
Latest action
Mar 12, 2025
Recorded roll calls
0
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 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.
Committee activity
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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 Sep 13, 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)
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 CongressMotion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471)
FloorSenateSenate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
DischargeSenateSenate 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.
CalendarsSenateIntroduced in Senate
IntroReferralLibrary of CongressRead twice and referred to the Committee on Finance.
IntroReferralSenate
Roll-call votes
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No connected roll-call votes are currently available for this bill.
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