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S.J. Res. 3 119th Congress Senate

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…

Official title: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Servic… Show full official titleShow less

Official title: 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".

Introduced: January 21, 2025 Introduced by: Ted Cruz Republican · Texas 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 13 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 12, 2025
Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
Mar 11, 2025
Papers returned to Senate pursuant to H. Res. 212
Mar 10, 2025
Held at the Desk
Mar 10, 2025
Received in the House
Mar 6, 2025
Message on Senate action sent to the House.
Mar 4, 2025
Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488)
Mar 4, 2025
Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102.
Mar 4, 2025
Measure laid before Senate by motion. (consideration: CR S1471, S1477, S1485-1488)
Mar 4, 2025
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471)
Feb 12, 2025
Placed on Senate Legislative Calendar under General Orders. Calendar No. 11.
Feb 12, 2025
Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
Jan 21, 2025
Read twice and referred to the Committee on Finance.
Jan 21, 2025
Introduced in Senate
 Votes taken on this bill 3
DateChamberWhat was voted onResultYes–No
Mar 4, 2025 Senate · vote #102 On the Joint Resolution S.J.Res. 3 Passed 70–27 See who voted →
Mar 4, 2025 Senate · vote #101 On the Motion to Proceed S.J.Res. 3 Agreed To 70–28 See who voted →
Apr 25, 2000 Senate · vote #86 On the Cloture Motion S.J.Res. 3 Agreed To 82–12 See who voted →
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What's happening now March 12, 2025

Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 2
  • HJRES 25 Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the In…
  • HRES 212 Returning Senate Joint Resolution 3 to the Senate.
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 27

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 27 filings →
 Cosponsors 14
All 14 Republican 14
R
McCormick, David
Pennsylvania · Mar 4, 2025
 R
Scott, Tim
South Carolina · Feb 20, 2025
 R
Blackburn, Marsha
Tennessee · Feb 10, 2025
 R
Daines, Steve
Montana · Feb 4, 2025
 R
Banks, Jim
Indiana · Feb 3, 2025
 R
Cotton, Tom
Arkansas · Jan 28, 2025
 R
Curtis, John R.
Utah · Jan 28, 2025
 R
Lee, Mike
Utah · Jan 28, 2025
 R
Moreno, Bernie
Ohio · Jan 24, 2025
 R
Budd, Ted
North Carolina · Jan 21, 2025
 R
Hagerty, Bill
Tennessee · Jan 21, 2025
 R
Lummis, Cynthia M.
Wyoming · Jan 21, 2025
 R
Sheehy, Tim
Montana · Jan 21, 2025
 R
Tillis, Thomas
North Carolina · Jan 21, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). S.J. Res. 3: 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".. 119th Congress. Open America. https://openamerica.io/bill/119-SJRES-3/
MLA
"S.J. Res. 3: 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".." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-SJRES-3/.
Bluebook (legal)
S.J. Res. 3, 119th Cong. (2026), https://openamerica.io/bill/119-SJRES-3/.
Markdown link
[S.J. Res. 3: 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".](https://openamerica.io/bill/119-SJRES-3/)
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