H.J.Res. 25House119th Congress (2025-2027)Enacted

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".

Sponsored by Mike CareyRep. Mike Carey (R-OH)
Introduced January 21, 2025

AI-Generated Summary

Updated November 24, 2025 at 3:26 AM UTC

This joint resolution rejects an IRS regulation that would have forced brokers handling digital‑asset sales to report the total amount of money received from those sales. By disapproving the rule, Congress prevents it from taking effect, impacting brokers, cryptocurrency traders, and the IRS’s ability to collect information on digital‑asset transactions.

Key Provisions

  • Congress formally disapproves the IRS rule that would require brokers who regularly facilitate digital‑asset (cryptocurrency) sales to report the gross proceeds of those sales to the Treasury.
  • The disapproval is made under the Congressional Review Act, meaning the rule is nullified and cannot be enforced.

Legislative Activity

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23 earlier actions
Became Law Latest Action

Became Public Law No: 119-5.

April 10, 2025

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HouseIntro Referral

Introduced in House

January 21, 2025

HouseIntro Referral

Referred to the House Committee on Ways and Means.

January 21, 2025

HouseCommittee

Committee Consideration and Mark-up Session Held

February 26, 2025

HouseCommittee

Ordered to be Reported by the Yeas and Nays: 26 - 16.

February 26, 2025

HouseCommittee

Reported by the Committee on Ways and Means. H. Rept. 119-7.

February 28, 2025

HouseCalendars

Placed on the Union Calendar, Calendar No. 3.

February 28, 2025

HouseFloor

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.

March 11, 2025 • 10:09 AM

HouseFloor

Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)

March 11, 2025 • 3:07 PM

HouseFloor

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.

March 11, 2025 • 3:07 PM

HouseFloor

DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.

March 11, 2025 • 3:08 PM

HouseFloor

The previous question was ordered pursuant to the rule.

March 11, 2025 • 3:34 PM

HouseFloor

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.

March 11, 2025 • 3:35 PM

HouseFloor

Considered as unfinished business. (consideration: CR H1126)

March 11, 2025 • 5:47 PM

HouseFloor

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)

March 11, 2025 • 5:53 PM

HouseFloor

On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)

March 11, 2025 • 5:53 PM

HouseFloor

Motion to reconsider laid on the table Agreed to without objection.

March 11, 2025 • 5:53 PM

SenateCalendars

Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.

March 12, 2025

SenateFloor

Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.

March 26, 2025

SenateFloor

Measure laid before Senate by motion. (consideration: CR S1856-1864)

March 26, 2025

SenateFloor

Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.

March 26, 2025

SenateFloor

Message on Senate action sent to the House.

March 27, 2025

President

Presented to President.

April 1, 2025

Became Law

Signed by President.

April 10, 2025

Became Law

Became Public Law No: 119-5.

April 10, 2025

Floor Debate

24 members

What members said about H.J.Res. 25 on the floor

11 Republicans13 Democrats
Edward J. Markey
Sen. Edward J. MarkeyD-MA · Mar 26, 2025

Mr. President, before I begin my remarks, I want to take a few minutes to thank Bob Nelson, the Small Business Administration's District Director for Massachusetts upon his retirement on Monday after…

Sheldon Whitehouse
Sen. Sheldon WhitehouseD-RI · Mar 26, 2025

Mr. President, earlier this month, Environmental Protection Agency Administrator Lee Zeldin announced he would reconsider over 30 rules and policies that protect human health and the environment,…

Rosa L. DeLauro
Rep. Rosa L. DeLauroD-CT-3 · Mar 11, 2025

Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I am opposed to this 1-year continuing resolution. It is not a simple stopgap that keeps the lights on and the doors open. This is…

Tom Cole
Rep. Tom ColeR-OK-4 · Mar 11, 2025

Mr. Speaker, pursuant to House Resolution 211, I call up the bill (H.R. 1968) making further continuing appropriations and other extensions for the fiscal year ending September 30, 2025, and for…

Richard Blumenthal
Sen. Richard BlumenthalD-CT · Mar 26, 2025

A perfect segue to my remarks, if I may be recognized, Mr. President? Mr. President, it is the perfect segue to my remarks because ``downwind'' means we are the recipient of their air and their…

Show 8 more
Steve Scalise
Rep. Steve ScaliseR-LA-1 · Mar 11, 2025

Mr. Speaker, I thank my friend from Oklahoma (Mr. Cole), the chairman of the House Appropriations Committee, for his leadership in helping negotiate a really important bill to keep the government…

James P. McGovern
Rep. James P. McGovernD-MA-2 · Mar 11, 2025

Mr. Speaker, I yield myself such time as I may consume, and I thank the gentlewoman from Minnesota (Mrs. Fischbach) for yielding me the customary 30 minutes. Mr. Speaker, as we speak, prices are…

Michelle Fischbach
Rep. Michelle FischbachR-MN-7 · Mar 11, 2025

Mr. Speaker, by direction of the Committee on Rules, I call up House Resolution 211 and ask for its immediate consideration. Mr. Speaker, for the purpose of debate only, I yield the customary 30…

Hakeem S. Jeffries
Rep. Hakeem S. JeffriesD-NY-8 · Mar 11, 2025

Mr. Speaker, I thank the distinguished gentlewoman for her tremendous leadership and for yielding. I don't really understand the ``Fatal Attraction'' reference because if anyone is dealing with fatal…

Chip Roy
Rep. Chip RoyR-TX-21 · Mar 11, 2025

Mr. Speaker, I thank the gentlewoman for yielding. So here we are again. My colleagues on the other side of the aisle, who constantly always talk about the need to support a CR to ``keep the lights…

Jason Smith
Rep. Jason SmithR-MO-8 · Mar 11, 2025

Mr. Speaker, pursuant to House Resolution 211, I call up the joint resolution (H.J. Res. 25) providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule…

Lloyd Doggett
Rep. Lloyd DoggettD-TX-37 · Mar 11, 2025

Mr. Speaker, brokers who sell stocks and mutual funds have long been required to file a report in January of each year on Form 1099. They send it to their customers. They send it to the Internal…

Peter Welch
Sen. Peter WelchD-VT · Mar 26, 2025

Mr. President, I want to thank my colleagues. You know, this issue of the environment is being completely--completely--ignored. Worse than that, the problems we have in our environment are being…

Show 11 more
Danny K. Davis
Rep. Danny K. DavisD-IL-7 · Mar 11, 2025

Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, back in 2021, when we passed the bipartisan infrastructure law, Congress felt it was necessary to pay for what we spent. That is a…

Ralph Norman
Rep. Ralph NormanR-SC-5 · Mar 11, 2025

Mr. Speaker, it is really laughable for the listening audience and those watching on TV to hear my good friend, Mr. McGovern, talk about defunding the police. They are the party that wanted to defund…

Jack Reed
Sen. Jack ReedD-RI · Mar 26, 2025

Mr. President, I rise to join my colleague Senator Whitehouse, the ranking member on the Environment and Public Works Committee and the foremost voice for sensible climate policies, someone who for…

Michael K. Simpson
Rep. Michael K. SimpsonR-ID-2 · Mar 11, 2025

Mr. Speaker, I thank the chairman for yielding. First, let me say I appreciate the work the chairman has done over the last several months trying to get our regular appropriations bills done and then…

Lindsey Graham
Sen. Lindsey GrahamR-SC · May 21, 2025

Mr. President, H. Con. Res. 14, the fiscal year 2025 congressional budget resolution, included an instruction to the chairman of the Senate Committee on the Budget to file enforceable levels in the…

Gregory W. Meeks
Rep. Gregory W. MeeksD-NY-5 · Mar 11, 2025

Mr. Speaker, the fact of the matter is that Donald Trump's policies are collapsing our economy. Unemployment is rising. The NASDAQ had its worst day since the COVID crash. Millions of dollars in…

Tim Scott
Sen. Tim ScottR-SC · Mar 26, 2025

Mr. President, I rise to talk in favor of my CRA on the overdraft fees. President Biden and his politically motivated junk fee conversation was not about helping consumers. It was about trying to…

John H. Rutherford
Rep. John H. RutherfordR-FL-5 · Mar 11, 2025

Mr. Speaker, I really appreciate all the hard work that got us here today. Mr. Speaker, I have to tell you, as I sat here on this floor listening to the conversation, it reminded me of an old saying…

Mary Gay Scanlon
Rep. Mary Gay ScanlonD-PA-5 · Mar 11, 2025

Mr. Speaker, today House Republicans are trying to avert a funding crisis of their own making by passing a partisan Republican spending bill they drafted behind closed doors. It cuts $13 billion from…

Mike Carey
Rep. Mike CareyR-OH-15 · Mar 11, 2025

Mr. Speaker, I thank Chairman Smith for his work on bringing this legislation to the floor. I also thank the staff of the Committee on Ways and Means for their efforts in moving this very important…

Debbie Wasserman Schultz
Rep. Debbie Wasserman SchultzD-FL-25 · Mar 11, 2025

Mr. Speaker, I rise to oppose this cruel betrayal of America's veterans, seniors, and working families. This 1-year CR doesn't make rent or healthcare bills more affordable, which is what keeps my…

Bill Text

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One Hundred Nineteenth Congress of the United States of America

At the First Session

Begun 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.