SJRES 3 · introduced · significant
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".
- technology
- taxes
What this bill does
- This resolution cancels an IRS rule requiring brokers to report digital asset sales information to the government.
- The rule affected crypto and decentralized finance platforms that facilitate digital asset transactions.
- The cancellation takes effect immediately through the Congressional Review Act process.
Generated by claude-haiku-4-5
Community Threads
Started by Cosponsor
- 01
What specific taxpayer compliance or fraud risks does Congress believe would result from eliminating broker reporting requirements for digital asset transactions?
- 02
How would removing digital asset reporting requirements affect the IRS's ability to match broker-reported income against individual tax returns?
- 03
Which stakeholders—crypto platforms, individual investors, or government agencies—would face the most significant operational or enforcement consequences from this rule's cancellation?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-TX
Ted Cruz
Citizen cosponsors
0
In Congress
14/ 100
Senators cosponsoring
Introduced 2025-03-12
Joining the bill
Thom Tillis
R-NC · original
Ted Budd
R-NC · original
Bill Hagerty
R-TN · original
Cynthia M. Lummis
R-WY · original
Tim Sheehy
R-MT · original
Bernie Moreno
R-OH
John R. Curtis
R-UT
Mike Lee
R-UT
Tom Cotton
R-AR
Jim Banks
R-IN
Steve Daines
R-MT
Marsha Blackburn
R-TN
+ 2 more
Legislative timeline
2025-03-12 · senate · Floor
Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
2025-03-11 · house · Floor
Papers returned to Senate pursuant to H. Res. 212
2025-03-10 · house · Floor
Held at the Desk
2025-03-10 · house · Floor
Received in the House
2025-03-06 · senate · Floor
Message on Senate action sent to the House.
2025-03-04 · senate · Floor
Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488)
2025-03-04 · Floor
Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102.
2025-03-04 · senate · Floor
Measure laid before Senate by motion. (consideration: CR S1471, S1477, S1485-1488)
2025-03-04 · senate · Floor
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471)
2025-02-12 · senate · Calendars
Placed on Senate Legislative Calendar under General Orders. Calendar No. 11.
2025-02-12 · senate · Discharge
Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
2025-02-12 · Committee
Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
2025-01-21 · senate · IntroReferral
Read twice and referred to the Committee on Finance.
2025-01-21 · IntroReferral
Introduced in Senate
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