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substantiveMar 4, 2025 · Senate roll call · passage · Result: Joint Resolution Passed

On the Joint Resolution — 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".

In plain language

  • Senate joint resolution in the 119th Congress.
  • Nullifies the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales.
  • Senate passed it on Mar 4, 2025 (substantive).
Official 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.

View this measure on congress.gov

Roll-call breakdown

Yea70

Democrat: 18 · Independent: 1 · Republican: 51

Nay27

Democrat: 26 · Independent: 1

Present0

Not Voting3

Democrat: 1 · Republican: 2

How each member voted (100)

Yea (70)

Nay (27)

Not Voting (3)

Party labels reflect each member’s most recent affiliation on record.