# 119-sjres-3: 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".

119-sjres-3, 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"., is a 119th Congress bill sponsored by Sen. Cruz, Ted [R-TX] (R-TX); status passed_senate; PRIA reads it as touching household money (as of 2026-07-25).

- Canonical: https://policyrisk.com/legislation/119-sjres-3
- As of: 2026-07-25
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-sjres-3
- Congress: 119
- Title: 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".
- Status: passed_senate
- Introduced: 2025-01-21
- Sponsor: Sen. Cruz, Ted [R-TX] (R-TX)
- Cosponsors: 14
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-07-25

## 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.

## Cosponsors (14)

- Sen. Lummis, Cynthia M. [R-WY] (R-WY), 2025-01-21T00:00:00.000Z
- Sen. Hagerty, Bill [R-TN] (R-TN), 2025-01-21T00:00:00.000Z
- Sen. Tillis, Thomas [R-NC] (R-NC), 2025-01-21T00:00:00.000Z
- Sen. Sheehy, Tim [R-MT] (R-MT), 2025-01-21T00:00:00.000Z
- Sen. Budd, Ted [R-NC] (R-NC), 2025-01-21T00:00:00.000Z
- Sen. Moreno, Bernie [R-OH] (R-OH), 2025-01-24T00:00:00.000Z
- Sen. Curtis, John R. [R-UT] (R-UT), 2025-01-28T00:00:00.000Z
- Sen. Cotton, Tom [R-AR] (R-AR), 2025-01-28T00:00:00.000Z
- Sen. Lee, Mike [R-UT] (R-UT), 2025-01-28T00:00:00.000Z
- Sen. Banks, Jim [R-IN] (R-IN), 2025-02-03T00:00:00.000Z
- Sen. Daines, Steve [R-MT] (R-MT), 2025-02-04T00:00:00.000Z
- Sen. Blackburn, Marsha [R-TN] (R-TN), 2025-02-10T00:00:00.000Z
- Sen. Scott, Tim [R-SC] (R-SC), 2025-02-20T00:00:00.000Z
- Sen. McCormick, David [R-PA] (R-PA), 2025-03-04T00:00:00.000Z

## Votes

| Date | Chamber | Question | Result | Yea | Nay |
| --- | --- | --- | --- | --- | --- |
| 2025-03-04T17:05:00.000Z | senate | On the Joint Resolution S.J.Res. 3 | Joint Resolution Passed | 70 | 27 |
| 2025-03-04T11:02:00.000Z | senate | On the Motion to Proceed S.J.Res. 3 | Motion to Proceed Agreed to | 70 | 28 |

## Provisions PRIA read

- Would stop IRS crypto reporting rule: benefit, medium. 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 effe…

## Related bills

- 119-s-1071: National Defense Authorization Act for Fiscal Year 2026
- 119-s-587: Death Tax Repeal Act of 2025
- 119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2025
- 119-s-6: Born-Alive Abortion Survivors Protection Act
- 119-s-213: Main Street Tax Certainty Act
- 119-s-128: SAVE Act

## Sources
- [119-sjres-3 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-joint-resolution/3)

## Related
- [119-s-1071: National Defense Authorization Act for Fiscal Year 2026](https://policyrisk.com/legislation/119-s-1071)
- [119-s-587: Death Tax Repeal Act of 2025](https://policyrisk.com/legislation/119-s-587)
- [119-s-186: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of…](https://policyrisk.com/legislation/119-s-186)
- [119-s-6: Born-Alive Abortion Survivors Protection Act](https://policyrisk.com/legislation/119-s-6)
- [119-s-213: Main Street Tax Certainty Act](https://policyrisk.com/legislation/119-s-213)
- [119-s-128: SAVE Act](https://policyrisk.com/legislation/119-s-128)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-sjres-3 (as of 2026-07-25).