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Federal · 119th Congress · House joint resolution

H.J.Res. 25: 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".

Became law Public Law 119-5 Official data

  1. Introduced
  2. Reported by committee
  3. Passed one chamber
  4. Passed both chambers
  5. Sent to President
  6. Became law

Last official action: · Record last updated:

Official summary

Written by the Congressional Research Service (CRS), Library of Congress for the version “Public Law”, April 10, 2025. Reproduced verbatim.

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.

Recorded votes

Roll calls on passage or final agreement. Washington’s members are shown first; every member’s vote is on the roll-call page.

House Roll Call 71: On Passage

· Passed · Yes 292, No 132, Present 1, Not voting 7

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

Washington: Rep. Suzan K. DelBene (WA-1) (D): No · Rep. Rick Larsen (WA-2) (D): No · Rep. Marie Gluesenkamp Perez (WA-3) (D): No · Rep. Dan Newhouse (WA-4) (R): Yes · Rep. Michael Baumgartner (WA-5) (R): Yes · Rep. Emily Randall (WA-6) (D): Not voting · Rep. Pramila Jayapal (WA-7) (D): No · Rep. Kim Schrier (WA-8) (D): No · Rep. Adam Smith (WA-9) (D): No · Rep. Marilyn Strickland (WA-10) (D): Yes

Senate Roll Call 151: On the Joint Resolution H.J.Res. 25

· Joint Resolution Passed (70-28) · Yes 70, No 28, Not voting 2

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

Washington: Sen. Maria Cantwell (D): No · Sen. Patty Murray (D): No

Official actions

  1. Became Public Law No: 119-5.
  2. Signed by President.
  3. Presented to President.
  4. Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
  5. Passed/agreed to in House: On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
  6. Reported by the Committee on Ways and Means. H. Rept. 119-7.
  7. Introduced in House

Sources

  1. Congress.gov: H.J.Res. 25 (119th Congress)
  2. GovInfo Bill Status XML: H.J.Res. 25
  3. GovInfo: Public Law 119-5 (official text)
  4. Clerk of the House: Roll Call 71 (2025)
  5. U.S. Senate: Roll Call 151 (2025)