{"format":1,"id":"119-sjres-3","congress":119,"number":"S.J.Res. 3","kind":"joint_resolution","group":"bills","title":"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\".","title_source":"Display Title","official_title":"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\".","titles":[{"type":"Official Title as Introduced","title":"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\"."},{"type":"Display Title","title":"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\"."}],"outcome":"passed_senate","law_number":null,"introduced":"2025-01-21","chambers":{"house":{"status":"pending","date":null,"vote":null},"senate":{"status":"roll_call","date":"2025-03-04","vote":{"id":"119-2025-s102","question":"On the Joint Resolution","title":"S.J. Res. 3","result":"Joint Resolution Passed","yea":70,"nay":27,"present":0,"not_voting":3,"source":"https://www.senate.gov/legislative/LIS/roll_call_votes/vote1191/vote_119_1_00102.xml"}}},"president":{"status":"not_yet","date":null},"vice_president_tie_breaker":null,"latest_action":{"text":"Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.","date":"2025-03-12"},"nominees":null,"amendments":[],"other_votes":[{"chamber":"senate","date":"2025-03-04","question":"On the Motion to Proceed","title":"Motion to Proceed to S.J. Res. 3","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_00101.xml"}],"crs_summary":{"date":"2025-01-21","stage":"Introduced in Senate","blocks":[{"k":"p","t":"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."}],"words":53},"summary":{"main_subject":{"text":"Disapproves, under chapter 8 of title 5, United States Code, 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/senate-joint-resolution/3/text/es#H3B732BEC4DFE412C94014DD67B24D072"}]},"core_areas":["Congressional disapproval of the Internal Revenue Service rule on broker reporting of 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.\"","cite":{"label":"Text","href":"https://www.congress.gov/bill/119th-congress/senate-joint-resolution/3/text/es#H3B732BEC4DFE412C94014DD67B24D072"}},{"text":"Identifies the rule as the one published at 89 Fed. Reg. 106928 on December 30, 2024.","cite":{"label":"Text","href":"https://www.congress.gov/bill/119th-congress/senate-joint-resolution/3/text/es#H3B732BEC4DFE412C94014DD67B24D072"}},{"text":"Provides that the disapproved rule shall have no force or effect.","cite":{"label":"Text","href":"https://www.congress.gov/bill/119th-congress/senate-joint-resolution/3/text/es#H3B732BEC4DFE412C94014DD67B24D072"}}],"unexpected":[],"version":{"type":"Engrossed in Senate","date":"2025-03-04","rule":"passed","href":"https://www.congress.gov/bill/119th-congress/senate-joint-resolution/3/text/es"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-09-29","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/119th-congress/senate-joint-resolution/3","text":"https://www.congress.gov/bill/119th-congress/senate-joint-resolution/3/text"},"card":{"image":"card/item/119-sjres-3.png","v":"9f62d9102590","alt":"Votes on Record. S.J.Res. 3, 119th Congress: 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\". House: not yet considered. Senate: 70 Yea, 27 Nay. Outcome: Agreed to in Senate, 4 Mar 2025."}}