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H.J. Res. 25 119th Congress House

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…

Official title: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Gros… Show full official titleShow less

Official title: 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".

Introduced: February 25, 2025 Introduced by: Mike Carey Republican · Ohio See on congress.gov
Taxation Administrative law and regulatory proceduresCongressional oversightCurrencyDigital media
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Financial services and investmentsInternal Revenue Service (IRS)Tax administration and collection, taxpayers
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 Everywhere this bill has been 24 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 10, 2025
Signed by President.
Apr 10, 2025
Became Public Law No: 119-5.
Apr 1, 2025
Presented to President.
Mar 27, 2025
Message on Senate action sent to the House.
Mar 26, 2025
Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
Mar 26, 2025
Measure laid before Senate by motion. (consideration: CR S1856-1864)
Mar 26, 2025
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.
Mar 26, 2025
Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
Mar 12, 2025
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.
Mar 11, 2025
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.
Mar 11, 2025
The previous question was ordered pursuant to the rule.
Mar 11, 2025
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 11, 2025
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
Mar 11, 2025
Considered as unfinished business. (consideration: CR H1126)
Mar 11, 2025
Motion to reconsider laid on the table Agreed to without objection.
Mar 11, 2025
DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.
Mar 11, 2025
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 11, 2025
Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)
Feb 28, 2025
Placed on the Union Calendar, Calendar No. 3.
Feb 28, 2025
Reported by the Committee on Ways and Means. H. Rept. 119-7.
Feb 26, 2025
Ordered to be Reported by the Yeas and Nays: 26 - 16.
Feb 26, 2025
Committee Consideration and Mark-up Session Held
Jan 21, 2025
Introduced in House
Jan 21, 2025
Referred to the House Committee on Ways and Means.
 Votes taken on this bill 3
DateChamberWhat was voted onResultYes–No
Mar 26, 2025 Senate · vote #151 On the Joint Resolution H.J.Res. 25 Passed 70–28 See who voted →
Mar 26, 2025 Senate · vote #150 On the Motion to Proceed H.J.Res. 25 Agreed To 70–28 See who voted →
Mar 11, 2025 House · vote #71 On Passage Passed 292–132 See who voted →
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 Latest action April 10, 2025

Became Public Law No: 119-5.

 Plain-English summary Congressional Research Service

This joint resolution nullifies requirements for persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the Internal Revenue Service (IRS). Specifically, the joint resolution nullifies the requirements included in the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the IRS on December 30, 2024.

Decentralized finance refers to the suite of financial activities and services that are facilitated by cryptocurrency and intended to be conducted without any sort of reliance on traditional financial tools or intermediaries.

 Hearings & markups 1
 Related & companion bills 3
  • HRES 212 Public law contains the text Returning Senate Joint Resolution 3 to the Senate.
  • SJRES 3 A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule …
  • HRES 211 Providing for consideration of the joint resolution (H.J. Res. 25) providing for congressional disapproval under chapte…
 Bill text 7 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 39

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 39 filings →
 Cosponsors 9
All 9 Democratic 1 Republican 8
R
Downing, Troy
Montana · Feb 27, 2025
 R
Timmons, William R.
South Carolina · Feb 25, 2025
 R
Kustoff, David
Tennessee · Feb 24, 2025
 R
Nunn, Zachary
Iowa · Feb 24, 2025
 D
Thanedar, Shri
Michigan · Feb 24, 2025
 R
Tenney, Claudia
New York · Feb 7, 2025
 R
Crank, Jeff
Colorado · Feb 4, 2025
 R
Davidson, Warren
Ohio · Jan 28, 2025
 R
Emmer, Tom
Minnesota · Jan 28, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). 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".. 119th Congress. Open America. https://openamerica.io/bill/119-HJRES-25/
MLA
"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".." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HJRES-25/.
Bluebook (legal)
H.J. Res. 25, 119th Cong. (2026), https://openamerica.io/bill/119-HJRES-25/.
Markdown link
[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".](https://openamerica.io/bill/119-HJRES-25/)
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