Both sides have signed this (Bill Ranking)
H.J.Res. 25 · 119th Congress (2025-2026)
10 members · Left 1 · Center 0 · Right 9 (Bill Ranking)
| Sponsor | Rep. Carey, Mike (R-OH) (Introduced 01/21/2025) |
|---|---|
| Sponsor Voting Record | Lean right · DW-NOMINATE +0.41 · measured from every roll-call vote this member has cast (voteview.com) (Sponsor Ranking) |
| Support |
LLLCLRR support across the spectrum: 10 members signed on (Bill Ranking) this bill: sponsor + current cosponsors, each once |
| Committees | House - Ways and Means Committee; House - Ways and Means Committee; House - Ways and Means Committee |
| Latest Action | 04/10/2025 Became Public Law No: 119-5. |
| Roll Call Votes | 3 |
| Source | view on congress.gov → |
Public Law: Public Law 119-5
Public Law (04/10/2025)
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.
119 HJ 25 EH: 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”. U.S. House of Representatives text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IB 119th CONGRESS 1st Session H. J. RES. 25
IN THE HOUSE OF REPRESENTATIVES
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. That Congress disapproves the rule submitted by the Internal Revenue Service relating to Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales (89 Fed. Reg. 106928 (December 30, 2024)), and such rule shall have no force or effect. Passed the House of Representatives March 11, 2025.Kevin F. McCumber,Clerk.
HJ 25 ENR: 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”. U.S. House of Representatives text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IB One Hundred Nineteenth Congress of the United States of America At the First SessionBegun and held at the City of Washington on Friday, the third day of January, two thousand and twenty-five H. J. RES. 25
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. That Congress disapproves the rule submitted by the Internal Revenue Service relating to Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales (89 Fed. Reg. 106928 (December 30, 2024)), and such rule shall have no force or effect. Speaker of the House of Representatives.Vice President of the United States and President of the Senate.
119 HJ 25 IH: 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”. U.S. House of Representatives 2025-01-21 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IA119th CONGRESS1st SessionH. J. RES. 25IN THE HOUSE OF REPRESENTATIVESJanuary 21, 2025Mr. Carey submitted the following joint resolution; which was referred to the Committee on Ways and MeansJOINT RESOLUTIONProviding 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.That Congress disapproves the rule submitted by the Internal Revenue Service relating to Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales (89 Fed. Reg. 106928 (December 30, 2024)), and such rule shall have no force or effect.
119 HJ 25 PCS: 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”. U.S. House of Representatives 2025-03-12 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IIACalendar No. 27119th CONGRESS1st SessionH. J. RES. 25IN THE SENATE OF THE UNITED STATESMarch 12, 2025Received; read twice and placed on the calendarJOINT RESOLUTIONProviding 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.That Congress disapproves the rule submitted by the Internal Revenue Service relating to Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales (89 Fed. Reg. 106928 (December 30, 2024)), and such rule shall have no force or effect.Passed the House of Representatives March 11, 2025.Kevin F. McCumber,Clerk.March 12, 2025Received; read twice and placed on the calendar
119 HJ 25 RH: 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”. U.S. House of Representatives 2025-02-28 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IBUnion Calendar No. 3119th CONGRESS1st SessionH. J. RES. 25[Report No. 119–7]IN THE HOUSE OF REPRESENTATIVESJanuary 21, 2025Mr. Carey submitted the following joint resolution; which was referred to the Committee on Ways and MeansFebruary 28, 2025Additional sponsors: Mr. Emmer, Mr. Davidson, Mr. Crank, Ms. Tenney, Mr. Thanedar, Mr. Nunn of Iowa, Mr. Kustoff, Mr. Timmons, and Mr. DowningFebruary 28, 2025Committed to the Committee of the Whole House on the State of the Union and ordered to be printedJOINT RESOLUTIONProviding 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.That Congress disapproves the rule submitted by the Internal Revenue Service relating to Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales (89 Fed. Reg. 106928 (December 30, 2024)), and such rule shall have no force or effect.February 28, 2025Committed to the Committee of the Whole House on the State of the Union and ordered to be printed
The bill's own words, from our database (synced from the GPO BILLS XML); paragraph breaks added at the bill's section boundaries, nothing else changed.
| Date | Chamber | All Actions |
|---|---|---|
| 01/21/2025 | Library of Congress | Introduced in House |
| 01/21/2025 | Library of Congress | Introduced in House |
| 01/21/2025 | House floor actions | Referred to the House Committee on Ways and Means. |
| 02/26/2025 | House committee actions | Committee Consideration and Mark-up Session Held |
| 02/26/2025 | House committee actions | Ordered to be Reported by the Yeas and Nays: 26 - 16. |
| 02/28/2025 | Library of Congress | Reported by the Committee on Ways and Means. H. Rept. 119-7. |
| 02/28/2025 | House floor actions | Reported by the Committee on Ways and Means. H. Rept. 119-7. |
| 02/28/2025 | House floor actions | Placed on the Union Calendar, Calendar No. 3. |
| 03/11/2025 | House floor actions | Rules Committee Resolution H. Res. 211 Reported to House. Rule provides for consideration of H.J. Res. 25, H.R. 1156 and H.R. 1968. The resolution provides for consideration of H.J. Res. 25, H.R. 1156, and H.R. 1968 under a closed rule. Also, the resolution provides for one hour of general debate and one motion to recommit on each measure. |
| 03/11/2025 | House floor actions | Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102) |
| 03/11/2025 | House floor actions | Rule provides for consideration of H.J. Res. 25, H.R. 1156 and H.R. 1968. The resolution provides for consideration of H.J. Res. 25, H.R. 1156, and H.R. 1968 under a closed rule. Also, the resolution provides for one hour of general debate and one motion to recommit on each measure. |
| 03/11/2025 | House floor actions | DEBATE - The House proceeded with one hour of debate on H.J. Res. 25. |
| 03/11/2025 | House floor actions | The previous question was ordered pursuant to the rule. |
| 03/11/2025 | House floor actions | POSTPONED PROCEEDINGS - At the conclusion of debate on H.J. Res. 25, the Chair put the question on passage of the joint resolution and by voice vote announced that the ayes had prevailed. Mr. Davis (IL) demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced. |
| 03/11/2025 | House floor actions | Considered as unfinished business. (consideration: CR H1126) |
| 03/11/2025 | Library of Congress | Passed/agreed to in House: On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099) |
| 03/11/2025 | House floor actions | On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099) |
| 03/11/2025 | House floor actions | Motion to reconsider laid on the table Agreed to without objection. |
| 03/12/2025 | Senate | Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27. |
| 03/26/2025 | Senate | Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150. |
| 03/26/2025 | Senate | Measure laid before Senate by motion. (consideration: CR S1856-1864) |
| 03/26/2025 | Library of Congress | Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151. |
| 03/26/2025 | Senate | Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151. |
| 03/27/2025 | Senate | Message on Senate action sent to the House. |
| 04/01/2025 | Library of Congress | Presented to President. |
| 04/01/2025 | House floor actions | Presented to President. |
| 04/10/2025 | Library of Congress | Signed by President. |
| 04/10/2025 | Library of Congress | Signed by President. |
| 04/10/2025 | Library of Congress | Became Public Law No: 119-5. |
| 04/10/2025 | Library of Congress | Became Public Law No: 119-5. |
| Title Type | Title |
|---|---|
| Display 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". |
| Official Titles from EH (Engrossed in House) bill text | 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". |
| Official Title as Introduced | 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". |
There are no amendments to this bill.
* = Original cosponsor
| Committee | Activity |
|---|---|
| House - Ways and Means Committee | 02/28/2025 Reported By |
| House - Ways and Means Committee | 02/26/2025 Markup By |
| House - Ways and Means Committee | 01/21/2025 Referred To |
Policy Area: Taxation
All data on this page comes from our own database (legislation.congress_* tables), synced daily from the GPO govinfo BILLSTATUS and BILLS collections. Formatted after congress.gov; nothing is generated. Member placement is their DW-NOMINATE score (voteview.com, Lewis et al.) - a measurement of roll-call voting behavior, not our judgement. Buckets: Left below −0.50 · Lean Left to −0.25 · Center to +0.25 · Lean Right to +0.50 · Right above +0.50. The bill's Support meter aggregates the people who signed the bill - sponsor and current cosponsors, each counted once - nothing else.