HJRES25119th 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

Invalidates the IRS rule requiring brokers who regularly provide services effectuating digital asset sales to report gross proceeds. It overturns the rule titled "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales."

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Carey, Mike [R-OH-15]

OH • R

Cosponsors

  • Emmer

    MN • R

    Sponsored 1/28/2025

  • Davidson

    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

  • Kustoff

    TN • R

    Sponsored 2/24/2025

  • Timmons

    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 • 3/27/2025

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

View on Congress.gov
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