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".

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.

Sponsor

Latest roll call tally

2 roll calls total — showing most recent

Timeline

1. Introduced

   Jan 21, 2025

2. Committee review

   date not recorded

3. Floor vote

   Mar 4, 2025

4. Awaiting vote

   Mar 4, 2025