OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

H J Res 25 - 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". - National Key Vote

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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".

Vote Smart's Synopsis:

Vote to adopt a joint resolution that repeals and 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.

Full Bill Text

See How Your Politicians Voted

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".

Vote Smart's Synopsis:

Vote on a motion to adopt a joint resolution that repeals and 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.

NOTE: THIS IS A VOTE ON A MOTION TO PROCEED, WHICH SENDS THE LEGISLATION TO THE FLOOR OF THE SENATE FOR DEBATE AND AMENDMENT. A MOTION TO PROCEED REQUIRES A MAJORITY OF THE SENATE FOR APPROVAL.

Full Bill Text

See How Your Politicians Voted

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".

Vote Smart's Synopsis:

Vote to adopt a joint resolution that repeals and 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.

NOTE: RESOLUTIONS ARE USED PRIMARILY TO EXPRESS THE SENSE OF THE CHAMBER THAT THEY ARE INTRODUCED OR PASSED IN. THEY ONLY HAVE THE FORCE OF THE CHAMBER PASSING IT. THEY ARE NOT SIGNED BY THE PRESIDENT AND CAN NOT BECOME PUBLIC LAW.

Full Bill Text

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".

NOTE: RESOLUTIONS ARE USED PRIMARILY TO EXPRESS THE SENSE OF THE CHAMBER THAT THEY ARE INTRODUCED OR PASSED IN. THEY ONLY HAVE THE FORCE OF THE CHAMBER PASSING IT. THEY ARE NOT SIGNED BY THE PRESIDENT AND CAN NOT BECOME PUBLIC LAW.

Full Bill Text

NOTE: RESOLUTIONS ARE USED PRIMARILY TO EXPRESS THE SENSE OF THE CHAMBER THAT THEY ARE INTRODUCED OR PASSED IN. THEY ONLY HAVE THE FORCE OF THE CHAMBER PASSING IT. THEY ARE NOT SIGNED BY THE PRESIDENT AND CAN NOT BECOME PUBLIC LAW.

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