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BillsHH.J.Res. 25

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".

119th CongressIntroduced January 21, 2025Rep. Carey, Mike [R-OH-15]· OH-15
Stage
Enacted
Latest action
Became Public Law No: 119-5.
April 10, 2025

Summary

This joint resolution nullifies requirements for persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the Internal Revenue

Committees

  • PrimaryWays and Means Committee

CRS subjects

Administrative law and regulatory proceduresCongressional oversightCurrency

Action history

  1. January 21, 2025Introduced in House
  2. January 21, 2025Introduced in House
  3. January 21, 2025Referred to the House Committee on Ways and Means.
  4. February 26, 2025Committee Consideration and Mark-up Session Held
  5. February 26, 2025Ordered to be Reported by the Yeas and Nays: 26 - 16.
  6. February 28, 2025Reported by the Committee on Ways and Means. H. Rept. 119-7.
  7. February 28, 2025Reported by the Committee on Ways and Means. H. Rept. 119-7.
  8. February 28, 2025Placed on the Union Calendar, Calendar No. 3.
  9. March 11, 2025Rules 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.
  10. March 11, 2025Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)
  11. March 11, 2025Rule 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.
  12. March 11, 2025DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.
  13. March 11, 2025The previous question was ordered pursuant to the rule.
  14. March 11, 2025POSTPONED 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.
  15. March 11, 2025Considered as unfinished business. (consideration: CR H1126)
  16. March 11, 2025Passed/agreed to in House: On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
  17. March 11, 2025On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
  18. March 11, 2025Motion to reconsider laid on the table Agreed to without objection.
  19. March 12, 2025Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.
  20. March 26, 2025Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.
  21. March 26, 2025Measure laid before Senate by motion. (consideration: CR S1856-1864)
  22. March 26, 2025Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
  23. March 26, 2025Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
  24. March 27, 2025Message on Senate action sent to the House.
  25. April 1, 2025Presented to President.
  26. April 1, 2025Presented to President.
  27. April 10, 2025Signed by President.
  28. April 10, 2025Signed by President.
  29. April 10, 2025Became Public Law No: 119-5.
  30. April 10, 2025Became Public Law No: 119-5.

Cosponsors (9)

Text versions

Related bills

  • S.J.Res. 3related
    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".
  • H.Res. 211related
    Providing for consideration of the joint resolution (H.J. Res. 25) 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"; providing for consideration of the bill (H.R. 1156) to amend the CARES Act to extend the statute of limitations for fraud under certain unemployment programs, and for other purposes; providing for consideration of the bill (H.R. 1968) making further continuing appropriations and other extensions for the fiscal year ending September 30, 2025, and for other purposes; and for other purposes.