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".

What this measure contains

This joint resolution nullifies requirements for persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the Internal Revenue Service (IRS). Specifically, the joint resolution nullifies the requirements included in the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the IRS on December 30, 2024. Decentralized finance refers to the suite of financial activities and services that are facilitated by cryptocurrency and intended to be conducted without any sort of reliance on traditional financial tools or intermediaries.

The latest Congressional Research Service summary in the bill's GovInfo status record, or its official title when no summary has been published. Amendments can change the wording; read a specific version for its complete provisions.

Read the latest imported text

Bill text and versions

Drafts can change as a measure moves through Congress. Check the version attached to a recorded vote.

• Enrolled Bill · Official document ↗
• Placed on Calendar Senate · Official document ↗· Mar 12, 2025
• Engrossed in House · Official document ↗· Mar 11, 2025
• Reported in House · Official document ↗· Feb 28, 2025
• Introduced in House · Official document ↗· Jan 21, 2025
• Public Law · Official document ↗· Apr 11, 2025

Legislative path

Each stage below is a House or Senate floor decision: every recorded roll call on this measure, plus passage by voice vote or unanimous consent, which records no individual votes. Each stage shows the latest version published before that day; the chamber may have voted on an amended text. Roll calls name every member. A member's row follows their votes, and a highlighted vote marks where they voted for advancing the measure at one stage and against it at another (passage, cloture, motions to proceed, agreeing to the other chamber's version). Amendments and motions such as recommit or table don't count as a change, because an aye there isn't a vote for the measure.

1. Introduced in House
2. Reported in House
3. Engrossed in Houseby House passage
4. Placed on Calendar Senate
5. Enrolled Bill
6. Public Law

Decision stages

1. Mar 11, 2025 · House

   House passage on Reported in House: Passed, reported as Engrossed in House

   292 aye · 132 no · 1 present · 7 not voting · Source roll call

2. Mar 26, 2025 · Senate

   Senate motion to proceed on Placed on Calendar Senate: Motion to Proceed Agreed to

   70 aye · 28 no · 2 not voting · Source roll call

3. Mar 26, 2025 · Senate

   Senate passage on Placed on Calendar Senate: Joint Resolution Passed

   70 aye · 28 no · 2 not voting · Source roll call

Senate members along the path

House members along the path

Aye yea or aye · No nay or no · Present · NV not voting · Changed reversed on advancing the measure

Members are identified by the Bioguide ID in each roll call, not by name. Not voting is not a no vote; a blank cell means the member wasn't listed for that roll call.Congress.gov actions ↗

Your lawmakers and participating residents.

Match an address to see your members of Congress' recorded votes on this bill. This address is used for matching and is not saved with a pilot response.

Legislative history

1. Jan 21, 2025

   Introduced in House

2. Jan 21, 2025

   Referred to the House Committee on Ways and Means.

3. Feb 26, 2025

   Committee Consideration and Mark-up Session Held

4. Feb 26, 2025

   Ordered to be Reported by the Yeas and Nays: 26 - 16.

5. Feb 28, 2025

   Reported by the Committee on Ways and Means. H. Rept. 119-7.

6. Feb 28, 2025

   Placed on the Union Calendar, Calendar No. 3.

7. Mar 11, 2025

   Rules Committee Resolution H. Res. 211 Reported to House. Rule provides for consideration of H.J. Res. 25, H.R. 1156 and H.R. 1968. The resolution provides for consideration of H.J. Res. 25, H.R. 1156, and H.R. 1968 under a closed rule. Also, the resolution provides for one hour of general debate and one motion to recommit on each measure.

8. Mar 11, 2025

   Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)

9. Mar 11, 2025

   Rule provides for consideration of H.J. Res. 25, H.R. 1156 and H.R. 1968. The resolution provides for consideration of H.J. Res. 25, H.R. 1156, and H.R. 1968 under a closed rule. Also, the resolution provides for one hour of general debate and one motion to recommit on each measure.

10. Mar 11, 2025

    DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.

11. Mar 11, 2025

    The previous question was ordered pursuant to the rule.

12. Mar 11, 2025

    POSTPONED PROCEEDINGS - At the conclusion of debate on H.J. Res. 25, the Chair put the question on passage of the joint resolution and by voice vote announced that the ayes had prevailed. Mr. Davis (IL) demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.

13. Mar 11, 2025

    Considered as unfinished business. (consideration: CR H1126)

14. Mar 11, 2025

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)

15. Mar 11, 2025

    On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)

16. Mar 11, 2025

    Motion to reconsider laid on the table Agreed to without objection.

17. Mar 12, 2025

    Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.

18. Mar 26, 2025

    Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.

19. Mar 26, 2025

    Measure laid before Senate by motion. (consideration: CR S1856-1864)

20. Mar 26, 2025

    Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.

21. Mar 26, 2025

    Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.

22. Mar 27, 2025

    Message on Senate action sent to the House.

23. Apr 1, 2025

    Presented to President.

24. Apr 10, 2025

    Signed by President.

25. Apr 10, 2025

    Became Public Law No: 119-5.

Bill sponsors