H.J.Res. 25

Summary

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"”, was introduced in the House on Jan 21, 2025 by Rep. Mike Carey (R) with 9 co-sponsors. It last saw action on Apr 10, 2025: Became Public Law No: 119-5. It is now Public Law 119-5.

Record

Text

H.J.Res. 25 has 9 co-sponsors and 3 roll calls.

119 HJ 25 EH: 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”.
 U.S. House of Representatives
 text/xml
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 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 IB
 119th CONGRESS
 1st Session
 H. J. RES. 25
 IN THE HOUSE OF REPRESENTATIVES
 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.
      Passed the House of Representatives March 11, 2025.  Kevin F. McCumber,  Clerk.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Sponsors

Rep. Mike Carey (R) sponsors H.J.Res. 25, and 9 members have co-sponsored it.

Mike Carey

Rep. · R–OH-15 · Sponsor

Introduced Jan 21, 2025

Warren Davidson

Rep. · R–OH-8 · Co-sponsor

Joined Jan 28, 2025

Tom Emmer

Rep. · R–MN-6 · Co-sponsor

Joined Jan 28, 2025

Jeff Crank

Rep. · R–CO-5 · Co-sponsor

Joined Feb 4, 2025

Claudia Tenney

Rep. · R–NY-24 · Co-sponsor

Joined Feb 7, 2025

David Kustoff

Rep. · R–TN-8 · Co-sponsor

Joined Feb 24, 2025

Zachary Nunn

Rep. · R–IA-3 · Co-sponsor

Joined Feb 24, 2025

Shri Thanedar

Rep. · D–MI-13 · Co-sponsor

Joined Feb 24, 2025

William Timmons

Rep. · R–SC-4 · Co-sponsor

Joined Feb 25, 2025

Troy Downing

Rep. · R–MT-2 · Co-sponsor

Joined Feb 27, 2025

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Committees

H.J.Res. 25 went before 1 committee: Ways and Means.

Ways and Means

Ways and Means

Reported By · Feb 28, 2025 · 1,160 Bills

Reports

1 committee report has been filed on H.J.Res. 25, the latest H. Rept. 119-7.

• H. Rept. 119-7 — 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"

Actions

H.J.Res. 25 has taken 25 actions since Jan 21, 2025, the latest on Apr 10, 2025.

Votes

H.J.Res. 25 went to 3 roll calls across both chambers, the latest on Mar 27, 2025 at 70–28.

Related bills

3 bills are related to H.J.Res. 25.

HRES 211Providing for consideration of the 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’’; providing for consideration of the bill (H.R. 1156) to amend the CARES Act to extend the statute of limitations for fraud under certain unemployment programs, and for other purposes; providing for consideration of the bill (H.R. 1968) making further continuing appropriations and other extensions for the fiscal year ending September 30, 2025, and for other purposes; and for other purposes.Sep 16, 2025 · Pursuant to the provisions of H.Res. 707, H.Res. 211 is amended. · Related billHRES 212Returning Senate Joint Resolution 3 to the Senate.Mar 11, 2025 · Motion to reconsider laid on the table Agreed to without objection. · Public law contains the textSJRES 3A 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".Mar 12, 2025 · Message received in Senate: Returned to the Senate pursuant to the provisions o… · Related bill

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Titles

H.J.Res. 25 goes by 3 titles.

• 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". — Display 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". — Official Titles from EH (Engrossed in House) bill text
• 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". — Official Title as Introduced

Cost estimate

The Congressional Budget Office has filed 1 estimate for H.J.Res. 25, the latest on Mar 7, 2025.

• H.J. Res. 25, 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” — 2025-03-07As reported by the House Committee on Ways and Means on February 28, 2025

Lobbying

15 clients hired 16 firms and 49 registered lobbyists who named H.J.Res. 25 in 42 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Taxation/Internal Revenue Code, Financial Institutions/Investments/Securities, Banking, Budget/Appropriations, Energy/Nuclear, Science/Technology, Telecommunications, Copyright/Patent/Trademark.

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 49.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files H.J.Res. 25 under Taxation, one of its 31 policy areas, and gives it 7 legislative subjects.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.J.Res. 25’s is Taxation.

Legislative Subjects

H.J.Res. 25 carries 7 of CRS’s legislative subjects, from Administrative law and regulatory procedures to Tax administration and collection, taxpayers.

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.J.Res. 25, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 12 (Tuesday, January 21, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CAREY:H.J. Res. 25.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H258]

Source: congress.gov · legiscan.com