US Congress · 119th Congress (2025-2026)

HJRES 25Law

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".

Source of recordUS Congress · congress.govLast synced Jul 14, 2026

Chamber

House

Progress

Where this bill stands in the legislative process.

Introduced
Passed House
Passed Senate
To President
Became Law

Overview

This joint resolution aims to block the Internal Revenue Service (IRS) from implementing a new rule regarding reporting of gross proceeds from digital asset sales. The rule, which was published in December 2024, would have required brokers who facilitate digital asset sales to report certain information to the IRS. Congress is using the process of congressional disapproval to overturn this rule.

Key provisions

Congress disapproves the IRS rule.
The rule is deemed to have no legal effect.
The resolution targets a specific IRS rule.
It relates to reporting of digital asset transactions.
It specifically addresses brokers facilitating digital asset sales.

Who is affected

Internal Revenue Service (IRS)
Brokers facilitating digital asset sales
Individuals involved in digital asset transactions

Notable changes

This action prevents the IRS from enforcing the reporting requirements outlined in the rule.

Bill text

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Jan 21, 2025XMLView source

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Legislative history

28 recorded actions · showing the most recent 12

Mar 11, 2025House

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

Mar 11, 2025House

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.

Mar 12, 2025Senate

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

Mar 26, 2025Senate

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

Mar 26, 2025

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

Mar 26, 2025Senate

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

Mar 26, 2025Senate

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

Mar 27, 2025Senate

Message on Senate action sent to the House.

Apr 1, 2025House

Presented to President.

Apr 1, 2025

Presented to President.

Apr 10, 2025

Signed by President.

Apr 10, 2025

Signed by President.

Votes

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Recorded roll calls

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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".

Progress