H.J.Res. 25

119th Congress

Enacted

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".

Sponsored byRepublican:Rep. Carey, Mike [R-OH-15]OH· Introduced 21 January 2025

9

Cosponsors

30

Actions

0

Amendments

1

Committees

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 4 of 0
Latest action

Became Public Law No: 119-5.

10 April 2025·1 year ago

Summary

Public Law · Updated 17 June 2026

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.

Timeline

30 actions

  1. Became Public Law No: 119-5.

    10 April 2025 · BecameLaw

  2. Signed by President.

    10 April 2025 · BecameLaw

  3. Signed by President.

    10 April 2025 · President

  4. Became Public Law No: 119-5.

    10 April 2025 · President

  5. Presented to President.

    1 April 2025 · President

  6. Presented to President.

    1 April 2025 · Floor

  7. Message on Senate action sent to the House.

    27 March 2025 · Floor

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

    26 March 2025 · Floor

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

    26 March 2025 · Floor

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

    26 March 2025 · Floor

  11. Measure laid before Senate by motion. (consideration: CR S1856-1864)

    26 March 2025 · Floor

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

    12 March 2025 · Calendars

  13. 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.

    11 March 2025 · Floor

  14. Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)

    11 March 2025 · Floor

  15. DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.

    11 March 2025 · Floor

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

    11 March 2025 · Floor

  17. 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.

    11 March 2025 · Floor

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

    11 March 2025 · Floor

  19. Motion to reconsider laid on the table Agreed to without objection.

    11 March 2025 · Floor

  20. The previous question was ordered pursuant to the rule.

    11 March 2025 · Floor

10 earlier actionsView all on Congress.gov

Sponsorship

9 cosponsors

Sponsor

Republican:Rep. Carey, Mike [R-OH-15]OH

Cosponsors

  • Democrat111%
  • Republican889%

Classification

Policy area

Taxation

Legislative subjects

Administrative law and regulatory proceduresCongressional oversightCurrencyDigital mediaFinancial services and investmentsInternal Revenue Service (IRS)Tax administration and collection, taxpayers

Committees

1

  • Ways and Means Committee

    House · Standing

    • Referred To21 Jan 2025
    • Markup By26 Feb 2025
    • Reported By28 Feb 2025

Cosponsor momentum

Cumulative over time

Cosponsors grew from 0 on 21 January 2025 to 9 on 27 February 2025.

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