HJRES 25 · 119th Congress — 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".
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…
- Congress
- 119
- Bill
- HJRES 25
- Status
- Latest Action
- Introduced
- 2025-01-21
- Latest action date
- 2025-04-10
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.
This summary may describe an earlier version. Check the official record for current wording.
Latest action
Became Public Law No: 119-5.
Sponsors
- Rep. Carey, Mike [R-OH-15]
Republican · Ohio · House District 15 · Republican