HJRES 25
Became law
Nullifies the IRS rule requiring brokers to report gross proceeds from digital asset sales, so the rule has no force or effect.
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".
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
21-JAN-2025
Referred
21-JAN-2025
Approved by committee
26-FEB-2025
Reported
28-FEB-2025
On the calendar
28-FEB-2025
Passed
11-MAR-2025
Senate
Received
12-MAR-2025
On the calendar
26-MAR-2025
Passed
26-MAR-2025
President
Presented
01-APR-2025
Signed
10-APR-2025
Became law
10-APR-2025
- Congress disapproves the Internal Revenue Service rule titled "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales," published at 89 Fed. Reg. 106928 on December 30, 2024.
- Declares the rule to have no force or effect.
- Passed the House on March 11, 2025 and the Senate on March 26, 2025 under the Congressional Review Act process.
Current. The Congressional Research Service's summary covers the bill's latest wording (Public Law, 10-APR-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov- Ways and Means Committee (House)
Taxation
■ 8 R■ 1 D
8 Republicans
1 Democrat
congress.gov page
Public Law (11-APR-2025)
Placed on Calendar Senate (12-MAR-2025)
Engrossed in House (11-MAR-2025)
Reported in House (28-FEB-2025)
Introduced in House (21-JAN-2025)
Enrolled Bill
House: On passage Passed, 292-132, 11-MAR-2025
Senate: Passed Senate without amendment, 70-28, 26-MAR-2025
Senate: Motion to proceed to consideration of measure agreed to in..., 70-28, 26-MAR-2025