Loading
Loading
Your feedback directly shapes Sporos.
Sign in to track your feedback history
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.
Introduced
Jan 21, 2025
Last Action
Apr 10, 2025
Session
119th Congress
Sponsors
1 primary · 9 co
Passage Probability
100% — Enacted
Became Public Law No: 119-5.
Signed by President.
Presented to President.
Message on Senate action sent to the House.
Measure laid before Senate by motion.
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.
Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.
DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.
The previous question was ordered pursuant to the rule.
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.
Considered as unfinished business.
On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71).
Motion to reconsider laid on the table Agreed to without objection.
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.
Considered under the provisions of rule H. Res. 211.
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.
Reported by the Committee on Ways and Means. H. Rept. 119-7.
Placed on the Union Calendar, Calendar No. 3.
Committee Consideration and Mark-up Session Held
Ordered to be Reported by the Yeas and Nays: 26 - 16.
Introduced in House
Referred to the House Committee on Ways and Means.
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
100%
Estimate based on legislative signals
See what factors are driving this score — cosponsor support, bipartisan backing, committee progress, and more.
Upgrade to ProBecame Public Law No: 119-5.