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.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This House Resolution seeks to allow Congress to consider three separate bills: one disapproving a rule related to digital asset reporting by brokers, another amending the CARES Act to extend the statute of limitations for unemployment fraud, and a third regarding continuing appropriations for the fiscal year 2025-2026. The resolution also establishes specific rules for debate and amendments related to each of these bills.
Key provisions
- Allows congressional disapproval of an IRS rule regarding digital asset reporting.
- Provides for consideration of a bill amending the CARES Act to extend the statute of limitations for unemployment fraud.
- Provides for consideration of a bill making further continuing appropriations for fiscal year 2025.
- Establishes debate rules for each bill, including a one-hour debate period controlled by committee members.
Who is affected
- Investors in digital assets
- Brokers and financial institutions dealing with digital assets
- Unemployed individuals
- The federal government (specifically the Departments of the Treasury and Appropriations)
- Taxpayers
Notable changes
- Extends the statute of limitations for fraud claims related to unemployment benefits.
- Allows for congressional disapproval of a specific IRS rule.
Bill text
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Primary sponsor
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