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".
This bill cancels an Internal Revenue Service rule that requires certain cryptocurrency platforms and brokers to report users' sales directly to the government. As a result, these digital services will not have to track customer sales totals or send tax forms to traders and the IRS. While crypto investors are still legally required to report and pay taxes on their gains, the government will not automatically receive records of their transactions from these platforms.
People affected—not determinable from the text provided
Fiscal magnitude—not determinable from the text provided
Reach
provisional · pending review52rigor: heuristic llm
What this bill touches.
Crypto & digital assets−45Regulation (cross-sector)−30
Who it helps · who it burdens.
Who it helps
- Digital asset brokersRelieves them of the regulatory requirement under the disapproved IRS rule to report gross proceeds from digital asset sales transactions.
Who opposes it
- Internal Revenue ServiceDirectly disapproves and nullifies the agency's final rule regarding gross proceeds reporting for digital asset transactions, rendering it of no force or effect.
The provisions, in plain language.
Nullifies an Internal Revenue Service rule requiring brokers that facilitate digital asset sales to report gross proceeds from those transactions.
How your members of Congress line up
How members voted on H.J.Res. 25.
Recorded roll calls on this bill, most recent first. Open one to see each member's position.
How it moved.
Show all 25 actions
- Became Public Law No: 119-5.
- Signed by President.
- Presented to President.
- Message on Senate action sent to the House.
- Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
- Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
- Measure laid before Senate by motion. (consideration: CR S1856-1864)
- Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.
- Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.
- Motion to reconsider laid on the table Agreed to without objection.
- On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
- Passed/agreed to in House: On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
- Considered as unfinished business. (consideration: CR H1126)
- 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.
- The previous question was ordered pursuant to the rule.
- DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.
- 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.
- Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)
- 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.
- Placed on the Union Calendar, Calendar No. 3.
- Reported by the Committee on Ways and Means. H. Rept. 119-7.
- Ordered to be Reported by the Yeas and Nays: 26 - 16.
- Committee Consideration and Mark-up Session Held
- Referred to the House Committee on Ways and Means.
- Introduced in House
- Became Public Law No: 119-5.
- Signed by President.
- Presented to President.
- Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
- Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.
- Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.
- Motion to reconsider laid on the table Agreed to without objection.
- On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
- Passed/agreed to in House: On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)
- 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.
- Reported by the Committee on Ways and Means. H. Rept. 119-7.
- Ordered to be Reported by the Yeas and Nays: 26 - 16.
- Introduced in House
Read it for yourself.
Sources & provenance
- Public Law 119-5
- primary source →
- primary source →
Cite this page
Civic Herald. “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". (H.J.Res. 25, 119th Congress).” https://civicherald.app/bills/119-hjres-25. Congress.gov record as of Jul 13, 2026.