S.J.RES. 3 · 119TH CONGRESS

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".

Passed the SenateTaxation

This has not become law. Both chambers must pass the same text before sending it to the president. How a bill becomes law.

CONGRESSIONAL RESEARCH SERVICE

Bill summary

Introduced in Senate · Jan 21, 2025

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.

Written by the Congressional Research Service for this version of the bill. Later versions may differ. Read at Congress.gov.