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H.J.Res. 25 · 119th Congress

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted…

Full 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".

Law · 119-5 · Apr 10, 2025
Key: what the circles and colors mean

Each circle is a bill. The ring fills as it moves through Congress:

IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.

Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.

MCR CareySponsor
9 cosponsors · 1 D, 8 R
WDR Davidson TER Emmer JCR Crank CTR Tenney DKR Kustoff ZZR (Zach) Nunn STD Thanedar WTR Timmons TDR Downing

0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

  1. House Introduced Jan 21, 2025
  2. House Passed Mar 11, 2025 292–132
  3. Senate Passed Mar 26, 2025 70–28
  4. President To the President Apr 1, 2025
  5. President Signed Apr 10, 2025
  6. Law Apr 10, 2025

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).

What it does: CRS summary · Public Law · Apr 10, 2025

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

Votes to become law

House · Passed Mar 11, 2025 · 292 Yea – 132 Nay Passage Speaker: Mike Johnson Senate · Joint Resolution Passed Mar 26, 2025 · 70 Yea – 28 Nay Passage Majority Leader: John Thune
About this bill and sources

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".

Latest action (Apr 10, 2025): Became Public Law No: 119-5.

Policy area: Taxation · Origin: House · Introduced: Jan 21, 2025

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML) · Embed in your story

  1. House Introduced Jan 21, 2025
  2. House Passed Mar 11, 2025 292–132
  3. Senate Passed Mar 26, 2025 70–28
  4. President To the President Apr 1, 2025
  5. President Signed Apr 10, 2025
  6. Law Apr 10, 2025

Final vote · Senate · Mar 26, 2025

Passage — Joint Resolution Passed. Vote details

Senate Majority Leader: John Thune

Yea70
DSR Sullivan LMR Murkowski KBR Britt TTR Tuberville JBR Boozman TCR Cotton ASD Schiff APD Padilla JHD Hickenlooper AMR Moody RSR Scott JOD Ossoff RWD Warnock CGR Grassley JER Ernst JRR Risch MCR Crapo JBR Banks TYR Young JMR Moran RMR Marshall MMR McConnell RPR Paul BCR Cassidy JKR Kennedy AAD Alsobrooks SCR Collins ESD Slotkin ESR Schmitt JHR Hawley CHR Hyde-Smith RWR Wicker SDR Daines TSR Sheehy TBR Budd TTR Tillis JHR Hoeven KCR Cramer DFR Fischer PRR Ricketts AKD Kim CBD Booker BLD Luján MHD Heinrich CCD Cortez Masto JRD Rosen CSD Schumer KGD Gillibrand BMR Moreno JHR Husted JLR Lankford MMR Mullin DMR McCormick JFD Fetterman LGR Graham TSR Scott JTR Thune MRR Rounds BHR Hagerty MBR Blackburn JCR Cornyn TCR Cruz JCR Curtis MLR Lee MWD Warner RJR Johnson JJR Justice SCR Capito CLR Lummis JBR Barrasso
Nay28
MKD Kelly MBD Bennet CMD Murphy RBD Blumenthal CCD Coons LBD Blunt Rochester MHD Hirono RDD Durbin TDD Duckworth EMD Markey EWD Warren CVD Van Hollen AKI King GPD Peters AKD Klobuchar TSD Smith JSD Shaheen MHD Hassan JMD Merkley RWD Wyden JRD Reed SWD Whitehouse TKD Kaine BSI Sanders PWD Welch MCD Cantwell PMD Murray TBD Baldwin
Not Voting2
RGD Gallego BSD Schatz
Table of every position
MemberParty at voteSeatPosition
Dan SullivanRAKYea
Lisa MurkowskiRAKYea
Katie BrittRALYea
Tommy TubervilleRALYea
John BoozmanRARYea
Tom CottonRARYea
Mark KellyDAZNay
Ruben GallegoDAZNot Voting
Adam SchiffDCAYea
Alex PadillaDCAYea
John HickenlooperDCOYea
Michael BennetDCONay
Christopher MurphyDCTNay
Richard BlumenthalDCTNay
Christopher CoonsDDENay
Lisa Blunt RochesterDDENay
Ashley MoodyRFLYea
Rick ScottRFLYea
Jon OssoffDGAYea
Raphael WarnockDGAYea
Brian SchatzDHINot Voting
Mazie HironoDHINay
Chuck GrassleyRIAYea
Joni ErnstRIAYea
James RischRIDYea
Mike CrapoRIDYea
Richard DurbinDILNay
Tammy DuckworthDILNay
Jim BanksRINYea
Todd YoungRINYea
Jerry MoranRKSYea
Roger MarshallRKSYea
Mitch McConnellRKYYea
Rand PaulRKYYea
Bill CassidyRLAYea
John KennedyRLAYea
Ed MarkeyDMANay
Elizabeth WarrenDMANay
Angela AlsobrooksDMDYea
Chris Van HollenDMDNay
Angus KingIMENay
Susan CollinsRMEYea
Elissa SlotkinDMIYea
Gary PetersDMINay
Amy KlobucharDMNNay
Tina SmithDMNNay
Eric SchmittRMOYea
Josh HawleyRMOYea
Cindy Hyde-SmithRMSYea
Roger WickerRMSYea
Steve DainesRMTYea
Tim SheehyRMTYea
Ted BuddRNCYea
Thom TillisRNCYea
John HoevenRNDYea
Kevin CramerRNDYea
Deb FischerRNEYea
Pete RickettsRNEYea
Jeanne ShaheenDNHNay
Maggie HassanDNHNay
Andy KimDNJYea
Cory BookerDNJYea
Ben LujánDNMYea
Martin HeinrichDNMYea
Catherine Cortez MastoDNVYea
Jacky RosenDNVYea
Chuck SchumerDNYYea
Kirsten GillibrandDNYYea
Bernie MorenoROHYea
Jon HustedROHYea
James LankfordROKYea
Markwayne MullinROKYea
Jeff MerkleyDORNay
Ron WydenDORNay
Dave McCormickRPAYea
John FettermanDPAYea
Jack ReedDRINay
Sheldon WhitehouseDRINay
Lindsey GrahamRSCYea
Tim ScottRSCYea
John ThuneRSDYea
Mike RoundsRSDYea
Bill HagertyRTNYea
Marsha BlackburnRTNYea
John CornynRTXYea
Ted CruzRTXYea
John CurtisRUTYea
Mike LeeRUTYea
Mark WarnerDVAYea
Tim KaineDVANay
Bernie SandersIVTNay
Peter WelchDVTNay
Maria CantwellDWANay
Patty MurrayDWANay
Ron JohnsonRWIYea
Tammy BaldwinDWINay
Jim JusticeRWVYea
Shelley CapitoRWVYea
Cynthia LummisRWYYea
John BarrassoRWYYea
All recorded votes (3)
  • Passage Joint Resolution Passed
    Senate · Mar 26, 2025 · “On the Joint Resolution H.J.Res. 25” · Majority Leader: John Thune
  • Taking up the measure (motion to proceed) Motion to Proceed Agreed to
    Senate · Mar 26, 2025 · “On the Motion to Proceed H.J.Res. 25” · Majority Leader: John Thune
  • Passage Passed
    House · Mar 11, 2025 · “On Passage” · Speaker: Mike Johnson