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Senate joint resolution · S.J.Res. 3 (119th Congress)

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code…

U.S. Senate

Latest action Mar 12, 2025

Sponsor: Ted Cruz (U.S. Senator for Texas, Republican)

Official titleShow

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".

The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.

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From Congress.gov and official rosters. This record was last updated Aug 1, 2026. About our data

Summary

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.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Passed one of the two chambers; it still needs the other.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

Senate Committee on Finance · U.S. Senate

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Cosponsors

14

Cosponsors listed on Congress.gov, shown A to Z.

  • Republican14

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Show the full list (14 names)

Related bills

As identified by Congress.gov.

Full history

  1. Mar 12, 2025

    Message Received in Senate: Returned to the Senate Pursuant to the Provisions of H.Res. 212.

    Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.

    U.S. Senate

  2. Mar 12, 2025

    Introduced

    Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.

    U.S. Senate

  3. Mar 11, 2025

    Papers Returned to Senate Pursuant to H. Res. 212

    Papers returned to Senate pursuant to H. Res. 212

    U.S. Senate

  4. Mar 10, 2025

    Held at the Desk

  5. Mar 10, 2025

    Held at the Desk

Show full history (11 earlier events)
  1. Mar 10, 2025

    Held at the Desk

  2. Mar 10, 2025

    Sent to the executive

    Received in the House

    U.S. House of Representatives

  3. Mar 6, 2025

    Message on Senate Action Sent to the House.

    Message on Senate action sent to the House.

    U.S. Senate

  4. Mar 4, 2025

    Measure Laid Before Senate by motion. (consideration: cr S1471, S1477, S1485-1488)

    Measure laid before Senate by motion. (consideration: CR S1471, S1477, S1485-1488)

    U.S. Senate

  5. Mar 4, 2025

    Passed a chamber

    Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488)

    U.S. Senate

  6. Feb 12, 2025

    Placed on Senate Legislative Calendar Under General Orders. Calendar No. 11.

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 11.

    U.S. Senate

  7. Feb 12, 2025

    In committee

    Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).

    U.S. Senate

  8. Jan 21, 2025

    Introduced

    Introduced in U.S. Senate

    U.S. Senate

  9. Jan 21, 2025

    Referred to committee

    Read twice and referred to the Committee on Finance.

  10. Jan 21, 2025

    Referred to committee

    Read twice and referred to the Committee on Finance.

  11. Jan 21, 2025

    Referred to committee

    Read twice and referred to the Committee on Finance.

Read the record