119th Congress > Senate > Vote 101

Date: March 04, 2025

Result: 70-28 (Motion to Proceed Agreed to)

Clerk session vote number: 101

Sponsor: CRUZ, Rafael Edward (Ted) (R-TX)

Bill number: SJRES3

Question: On the Motion to Proceed

Description: 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".

Bill summary:

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.

Bill titles: 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".

Links for more info on the vote: congress.gov

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