All Roll Calls
Yes: 140 • No: 55
119-sjres-3119th CongressWALLET
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".
Sponsored By: Senator Cruz, Ted [R-TX]
Passed Senate
Summary
Nullifies the IRS rule requiring gross-proceeds reporting by brokers that facilitate digital-asset sales. It disapproves the rule published at 89 Fed. Reg. 106928 and prevents those proposed reporting requirements from taking effect, leaving current reporting practices unchanged.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Would stop IRS crypto reporting rule
This bill would void an IRS rule on digital‑asset broker reporting. It targets the rule titled “Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales,” published December 30, 2024 (89 Fed. Reg. 106,928). If enacted, the rule would have no force or effect. Brokers that regularly handle crypto sales would not have that new gross‑proceeds reporting duty. People using those brokers would not have their sale amounts reported under that rule.
Sponsors & CoSponsors
Sponsor
Cruz, Ted [R-TX]
TX • R
Cosponsors
Sen. Lummis, Cynthia M. [R-WY]
WY • R
Sponsored 1/21/2025
Sen. Hagerty, Bill [R-TN]
TN • R
Sponsored 1/21/2025
Sen. Tillis, Thomas [R-NC]
NC • R
Sponsored 1/21/2025
Sen. Sheehy, Tim [R-MT]
MT • R
Sponsored 1/21/2025
Sen. Budd, Ted [R-NC]
NC • R
Sponsored 1/21/2025
Sen. Moreno, Bernie [R-OH]
OH • R
Sponsored 1/24/2025
Sen. Curtis, John R. [R-UT]
UT • R
Sponsored 1/28/2025
Sen. Cotton, Tom [R-AR]
AR • R
Sponsored 1/28/2025
Sen. Lee, Mike [R-UT]
UT • R
Sponsored 1/28/2025
Sen. Banks, Jim [R-IN]
IN • R
Sponsored 2/3/2025
Sen. Daines, Steve [R-MT]
MT • R
Sponsored 2/4/2025
Sen. Blackburn, Marsha [R-TN]
TN • R
Sponsored 2/10/2025
Sen. Scott, Tim [R-SC]
SC • R
Sponsored 2/20/2025
Sen. McCormick, David [R-PA]
PA • R
Sponsored 3/4/2025
Roll Call Votes
senate vote • 3/4/2025
On the Joint Resolution S.J.Res. 3
Yes: 70 • No: 27
senate vote • 3/4/2025
On the Motion to Proceed S.J.Res. 3
Yes: 70 • No: 28