S.J.Res. 3
119th Congress
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".
14
Cosponsors
14
Actions
0
Amendments
1
Committees
—
Since introduced
Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
12 March 2025·1 year ago
Summary
Introduced in Senate · Updated 6 March 2025
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.
Timeline
14 actions
Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
12 March 2025 · Floor
Papers returned to Senate pursuant to H. Res. 212
11 March 2025 · Floor
Received in the House
10 March 2025 · Floor
Held at the Desk
10 March 2025 · Floor
Message on Senate action sent to the House.
6 March 2025 · Floor
Measure laid before Senate by motion. (consideration: CR S1471, S1477, S1485-1488)
4 March 2025 · Floor
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471)
4 March 2025 · Floor
Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488)
4 March 2025 · Floor
Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102.
4 March 2025 · Floor
Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
12 February 2025 · Committee
Placed on Senate Legislative Calendar under General Orders. Calendar No. 11.
12 February 2025 · Calendars
Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
12 February 2025 · Discharge
Read twice and referred to the Committee on Finance.
21 January 2025 · IntroReferral
Introduced in Senate
21 January 2025 · IntroReferral
Sponsorship
14 cosponsors
Sponsor
Republican:Sen. Cruz, Ted [R-TX]TXCosponsors
- Republican14100%
- Republican:Sen. McCormick, David [R-PA]PA
- Republican:Sen. Scott, Tim [R-SC]SC
- Republican:Sen. Blackburn, Marsha [R-TN]TN
- Republican:Sen. Daines, Steve [R-MT]MT
- Republican:Sen. Banks, Jim [R-IN]IN
- Republican:Sen. Lee, Mike [R-UT]UT
- Republican:Sen. Cotton, Tom [R-AR]AR
- Republican:Sen. Curtis, John R. [R-UT]UT
- Republican:Sen. Moreno, Bernie [R-OH]OH
- Republican:Sen. Budd, Ted [R-NC]NC
- Republican:Sen. Hagerty, Bill [R-TN]TN
- Republican:Sen. Tillis, Thomas [R-NC]NC
- Republican:Sen. Sheehy, Tim [R-MT]MT
- Republican:Sen. Lummis, Cynthia M. [R-WY]WY
Classification
Policy area
TaxationLegislative subjects
Committees
1
Finance Committee
Senate · Standing
- Referred To21 Jan 2025
- Discharged From12 Feb 2025
Cosponsor momentum
Cumulative over time
Cosponsors grew from 5 on 21 January 2025 to 14 on 4 March 2025.
Track 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". as it moves through Congress
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