119-hjres-25119th 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".

Sponsored By: Representative Carey, Mike [R-OH-15]

Became Law

Summary

Ends IRS gross-proceeds reporting rule for digital-asset brokers. This law nullifies the Internal Revenue Service rule that would have required brokers to report gross proceeds from digital-asset sales and prevents any new reporting obligations from taking effect.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Carey, Mike [R-OH-15]

OH • R

Cosponsors

  • Rep. Emmer, Tom [R-MN-6]

    MN • R

    Sponsored 1/28/2025

  • Rep. Davidson, Warren [R-OH-8]

    OH • R

    Sponsored 1/28/2025

  • Rep. Crank, Jeff [R-CO-5]

    CO • R

    Sponsored 2/4/2025

  • Rep. Tenney, Claudia [R-NY-24]

    NY • R

    Sponsored 2/7/2025

  • Rep. Thanedar, Shri [D-MI-13]

    MI • D

    Sponsored 2/24/2025

  • Rep. Nunn, Zachary [R-IA-3]

    IA • R

    Sponsored 2/24/2025

  • Rep. Kustoff, David [R-TN-8]

    TN • R

    Sponsored 2/24/2025

  • Rep. Timmons, William R. [R-SC-4]

    SC • R

    Sponsored 2/25/2025

  • Rep. Downing, Troy [R-MT-2]

    MT • R

    Sponsored 2/27/2025

Roll Call Votes

All Roll Calls

Yes: 432 • No: 188

senate vote • 3/26/2025

On the Joint Resolution H.J.Res. 25

Yes: 70 • No: 28

senate vote • 3/26/2025

On the Motion to Proceed H.J.Res. 25

Yes: 70 • No: 28

house vote • 3/11/2025

On Passage

Yes: 292 • No: 132

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