119th Congress · SENATE JOINT RESOLUTIONBILL

S.J.Res. 3 — 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".

“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".”

Taxation

Introduced Jan 21, 2025

Last action Mar 12, 2025

Pipeline · Bill → Law

Step 1

Introduced

Jan 21, 2025

Step 2

Referred

Jan 21, 2025

Finance

Step 3

Committee

Feb 12, 2025

Step 4

Senate

Mar 4, 2025

Passed Senate

Step 5

House floor

Moves to House

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS 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.

Provisions · 1 sectionsEngrossed in Senate

3 versions

Engrossed in Senate · 1 provisions

Roll Call Votes · 2

SENATEpassageMar 4, 2025

On the Joint Resolution S.J.Res. 3

S.J.Res. 3

Joint Resolution Passed

SENATEproceduralMar 4, 2025

On the Motion to Proceed S.J.Res. 3

S.J.Res. 3

Motion to Proceed Agreed to

Timeline · 12 actions

Mar 12, 2025

Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.

Mar 11, 2025

Papers returned to Senate pursuant to H. Res. 212

Mar 10, 2025

Received in the House

Mar 10, 2025

Held at the Desk

Mar 6, 2025

Message on Senate action sent to the House.

Mar 4, 2025

Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101.

Mar 4, 2025

Measure laid before Senate by motion.

Mar 4, 2025

Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102.ROLL CALLpass

Feb 12, 2025

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

Feb 12, 2025

Placed on Senate Legislative Calendar under General Orders. Calendar No. 11.

Jan 21, 2025

Introduced in Senate

Jan 21, 2025

Read twice and referred to the Committee on Finance.