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.
Related bills
Related
- H.Res. 212Returning Senate Joint Resolution 3 to the Senate.119
- H.J.Res. 25Providing 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".119
Bill text versions
Legislative Journey
- Introduced
- Committee
- Floor
- Passed Chamber 1
- Passed Chamber 2
- Signed
Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
SenatePapers returned to Senate pursuant to H. Res. 212
HouseHeld at the Desk
HouseReceived in the House
HouseMessage on Senate action sent to the House.
SenatePassed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488)
SenatePassed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102.
Measure laid before Senate by motion. (consideration: CR S1471, S1477, S1485-1488)
SenateMotion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471)
SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 11.
SenateSenate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
SenateSenate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
Read twice and referred to the Committee on Finance.
SenateIntroduced in Senate