H.J.Res. 25
119th Congress
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".
9
Cosponsors
30
Actions
0
Amendments
1
Committees
—
Since introduced
Became Public Law No: 119-5.
10 avril 2025·1 year ago
Summary
Public Law · Updated 17 juin 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
Became Public Law No: 119-5.
10 avril 2025 · BecameLaw
Signed by President.
10 avril 2025 · BecameLaw
Signed by President.
10 avril 2025 · President
Became Public Law No: 119-5.
10 avril 2025 · President
Presented to President.
1 avril 2025 · President
Presented to President.
1 avril 2025 · Floor
Message on Senate action sent to the House.
27 mars 2025 · Floor
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.
26 mars 2025 · Floor
Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
26 mars 2025 · Floor
Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
26 mars 2025 · Floor
Measure laid before Senate by motion. (consideration: CR S1856-1864)
26 mars 2025 · Floor
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.
12 mars 2025 · Calendars
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 mars 2025 · Floor
Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)
11 mars 2025 · Floor
DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.
11 mars 2025 · Floor
Considered as unfinished business. (consideration: CR H1126)
11 mars 2025 · Floor
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 mars 2025 · Floor
On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
11 mars 2025 · Floor
Motion to reconsider laid on the table Agreed to without objection.
11 mars 2025 · Floor
The previous question was ordered pursuant to the rule.
11 mars 2025 · Floor
Sponsorship
9 cosponsors
Sponsor
Republican:Rep. Carey, Mike [R-OH-15]OHCosponsors
- Democrat111%
- Republican889%
- Republican:Rep. Downing, Troy [R-MT-2]MT
- Republican:Rep. Timmons, William R. [R-SC-4]SC
- Democrat:Rep. Thanedar, Shri [D-MI-13]MI
- Republican:Rep. Nunn, Zachary [R-IA-3]IA
- Republican:Rep. Kustoff, David [R-TN-8]TN
- Republican:Rep. Tenney, Claudia [R-NY-24]NY
- Republican:Rep. Crank, Jeff [R-CO-5]CO
- Republican:Rep. Davidson, Warren [R-OH-8]OH
- Republican:Rep. Emmer, Tom [R-MN-6]MN
Classification
Policy area
TaxationLegislative subjects
Committees
1
Ways and Means Committee
House · Standing
- Referred To21 Jan 2025
- Markup By26 Feb 2025
- Reported By28 Feb 2025
Reports
Cosponsor momentum
Cumulative over time
Cosponsors grew from 0 on 21 janvier 2025 to 9 on 27 février 2025.
Track 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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