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Bill Details

SJRES.3 - 119th Congress

Track 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".? Stop tracking 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".?

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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".

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
  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Law
Latest action
2025-03-12 - Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
Introduced Date
2025-01-21
Policy Area
Taxation
Committees
View committees (1)
Votes
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8
0

Official Summaries

This joint resolution nullifies the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the Internal Revenue Service (IRS) on December 30, 2024. The rule generally requires persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the IRS.

Current Full Text

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S.J. Res. 3 Engrossed in Senate (ES)]

<DOC>
119th CONGRESS
  1st Session
S. J. RES. 3

_______________________________________________________________________

                            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''.

    Resolved by the Senate and House of Representatives of the United 
States of America in Congress assembled, That Congress disapproves the 
rule submitted by the Internal Revenue Service relating to ``Gross 
Proceeds Reporting by Brokers That Regularly Provide Services 
Effectuating Digital Asset Sales'' (89 Fed. Reg. 106928 (December 30, 
2024)), and such rule shall have no force or effect.

            Passed the Senate March 4, 2025.

            Attest:

                                                             Secretary.
119th CONGRESS

  1st Session

                              S. J. RES. 3

_______________________________________________________________________

                            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''.

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