SJRES3119th Congress

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 brokers that regularly provide services effectuating digital asset sales to report gross proceeds. The resolution disapproves the rule cited at 89 Fed. Reg. 106928 and declares it void, prohibiting its implementation or enforcement.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Cruz, Ted [R-TX]

TX • R

Cosponsors

  • Sen. Lummis, Cynthia M. [R-WY]

    WY • R

    Sponsored 1/21/2025

  • Bill Hagerty

    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

All Roll Calls

Yes: 140 • No: 55

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

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