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HJRES 25 · enacted · significant

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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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 bill does

  • This resolution cancels an IRS rule requiring brokers to report digital asset sales information to the government.
  • The rule affects cryptocurrency exchanges, decentralized finance platforms, and digital asset traders.
  • The cancellation takes effect immediately upon passage using the congressional disapproval process.

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Community Threads

Started by Cosponsor

  1. 01

    How might eliminating broker reporting requirements for digital asset sales affect the IRS's ability to detect unreported capital gains from cryptocurrency trading?

  2. 02

    Which groups of digital asset traders and platforms would face the most significant changes in their reporting obligations after this rule is cancelled?

  3. 03

    What trade-offs exist between reducing regulatory burden on cryptocurrency exchanges and maintaining transparency for tax compliance purposes?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-OH-15

Mike Carey

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In Congress

9/ 435

House Reps cosponsoring

Introduced 2025-04-10

Joining the bill

Legislative timeline

  1. 2025-04-10 · President

    Became Public Law No: 119-5.

  2. 2025-04-10 · BecameLaw

    Became Public Law No: 119-5.

  3. 2025-04-10 · President

    Signed by President.

  4. 2025-04-10 · BecameLaw

    Signed by President.

  5. 2025-04-01 · house · Floor

    Presented to President.

  6. 2025-04-01 · President

    Presented to President.

  7. 2025-03-27 · senate · Floor

    Message on Senate action sent to the House.

  8. 2025-03-26 · senate · Floor

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

  9. 2025-03-26 · Floor

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

  10. 2025-03-26 · senate · Floor

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

  11. 2025-03-26 · senate · Floor

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

  12. 2025-03-12 · senate · Calendars

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

  13. 2025-03-11 · house · Floor

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

  14. 2025-03-11 · house · Floor

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

  15. 2025-03-11 · Floor

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

  16. 2025-03-11 · house · Floor

    Considered as unfinished business. (consideration: CR H1126)

  17. 2025-03-11 · house · Floor

    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.

  18. 2025-03-11 · house · Floor

    The previous question was ordered pursuant to the rule.

  19. 2025-03-11 · house · Floor

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

  20. 2025-03-11 · house · Floor

    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.

  21. 2025-03-11 · house · Floor

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

  22. 2025-03-11 · house · Floor

    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.

  23. 2025-02-28 · house · Calendars

    Placed on the Union Calendar, Calendar No. 3.

  24. 2025-02-28 · house · Committee

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

  25. 2025-02-28 · Committee

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

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