{"format":1,"id":"119-hjres-25","congress":119,"number":"H.J.Res. 25","kind":"joint_resolution","group":"bills","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\".","title_source":"Display Title","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\".","titles":[{"type":"Official Title as Introduced","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\"."},{"type":"Display Title","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\"."},{"type":"Official Title from EH (Engrossed in House) 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\"."}],"outcome":"became_law","law_number":"Public Law 119-5","introduced":"2025-01-21","chambers":{"house":{"status":"roll_call","date":"2025-03-11","vote":{"id":"119-2025-h71","question":"On Passage","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”","result":"Passed","yea":292,"nay":132,"present":1,"not_voting":7,"source":"https://clerk.house.gov/evs/2025/roll071.xml"}},"senate":{"status":"roll_call","date":"2025-03-26","vote":{"id":"119-2025-s151","question":"On the Joint Resolution","title":"H.J.Res. 25","result":"Joint Resolution Passed","yea":70,"nay":28,"present":0,"not_voting":2,"source":"https://www.senate.gov/legislative/LIS/roll_call_votes/vote1191/vote_119_1_00151.xml"}}},"president":{"status":"signed","date":"2025-04-10"},"vice_president_tie_breaker":null,"latest_action":{"text":"Became Public Law No: 119-5.","date":"2025-04-10"},"nominees":null,"amendments":[],"other_votes":[{"chamber":"senate","date":"2025-03-26","question":"On the Motion to Proceed","title":"Motion to Proceed to H.J.Res. 25","result":"Motion to Proceed Agreed to","yea":70,"nay":28,"present":0,"not_voting":2,"kind":"procedural","source":"https://www.senate.gov/legislative/LIS/roll_call_votes/vote1191/vote_119_1_00150.xml"}],"crs_summary":{"date":"2025-04-10","stage":"Public Law","blocks":[{"k":"p","t":"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."},{"k":"p","t":"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."}],"words":92},"summary":{"main_subject":{"text":"Disapproves the Internal Revenue Service rule on gross proceeds reporting by brokers that regularly provide services effectuating digital asset sales, and provides that the rule has no force or effect.","cites":[{"label":"Text","href":"https://www.congress.gov/bill/119th-congress/house-joint-resolution/25/text/enr#H5B451736DD7F47A18447F3E9E9DCBD2A"}]},"core_areas":["Congressional disapproval of the IRS rule on gross proceeds reporting by brokers for digital asset sales"],"what_it_does":[{"text":"States that 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.","cite":{"label":"Text","href":"https://www.congress.gov/bill/119th-congress/house-joint-resolution/25/text/enr#H5B451736DD7F47A18447F3E9E9DCBD2A"}},{"text":"Provides that the disapproved rule has no force or effect.","cite":{"label":"Text","href":"https://www.congress.gov/bill/119th-congress/house-joint-resolution/25/text/enr#H5B451736DD7F47A18447F3E9E9DCBD2A"}}],"unexpected":[],"version":{"type":"Enrolled Bill","date":null,"rule":"enrolled","href":"https://www.congress.gov/bill/119th-congress/house-joint-resolution/25/text/enr"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-09-29","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/119th-congress/house-joint-resolution/25","text":"https://www.congress.gov/bill/119th-congress/house-joint-resolution/25/text"},"card":{"image":"card/item/119-hjres-25.png","v":"cbd775496ff7","alt":"Votes on Record. H.J.Res. 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\". House: 292 Yea, 132 Nay. Senate: 70 Yea, 28 Nay. Outcome: Became law, 10 Apr 2025."}}