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CIVIC HERALD
SJRES 3 · 119th Congress · SenateOther

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".

Provisional: our plain-language summary, pending review.

In plain language: This measure blocks a federal rule that required certain cryptocurrency platforms and software services to collect user identities and report digital asset sales to the Internal Revenue Service. As a result, these services will not have to build identity-tracking systems or issue annual tax forms detailing user transactions. Individual crypto traders are still legally required to pay taxes on their investment gains, but the IRS will not receive these automated third-party reports to cross-check tax returns.

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Provisionalunreviewed: impact, provisions, stakeholders, summary
People affected—not determinable from the text provided
Fiscal magnitude—not determinable from the text provided
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Issues

What this bill touches.

Crypto & digital assets−45Regulation (cross-sector)−30

The sign shows the bill's direction on each issue (+ toward, − away); the number is its magnitude. Color never encodes good or bad, and never party.

Who it affects

Who it helps · who it burdens.

Provisional: our reading of who it affects, pending review.

Who it helps

  • digital asset and cryptocurrency brokersRelieves brokers and service providers that facilitate digital asset transactions from the regulatory obligation to report gross proceeds to the federal government.provisional

Who opposes it

  • Internal Revenue ServiceNullifies the agency's final rule requiring gross proceeds reporting on digital asset sales, removing its legal force and effect.provisional

Dollar-level funding (FEC sector totals) is coming in a later phase.

What it does

The provisions, in plain language.

Provisional: our reading of what the bill does, pending review.

  1. Nullifies the Internal Revenue Service rule requiring certain brokers and service providers that facilitate digital asset and cryptocurrency sales to report gross proceeds to the federal government.

    provisional

How your members of Congress line up

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The record

How members voted on S.J.Res. 3.

Recorded roll calls on this bill, most recent first. Open one to see each member's position.

  • Senate · Mar 4, 2025 · 1/2 required

    On the Joint Resolution S.J.Res. 3 · Joint Resolution Passed

    Source →

  • Senate · Mar 4, 2025 · 1/2 required

    On the Motion to Proceed S.J.Res. 3 · Motion to Proceed Agreed to

    Source →

Timeline

How it moved.

Show all 13 actions
  1. Mar 12, 2025Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
  2. Mar 11, 2025Papers returned to Senate pursuant to H. Res. 212
  3. Mar 10, 2025Held at the Desk
  4. Mar 10, 2025Received in the House
  5. Mar 6, 2025Message on Senate action sent to the House.
  6. Mar 4, 2025Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488)
  7. Mar 4, 2025Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102.
  8. Mar 4, 2025Measure laid before Senate by motion. (consideration: CR S1471, S1477, S1485-1488)
  9. Mar 4, 2025Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471)
  10. Feb 12, 2025Placed on Senate Legislative Calendar under General Orders. Calendar No. 11.
  11. Feb 12, 2025Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
  12. Jan 21, 2025Read twice and referred to the Committee on Finance.
  13. Jan 21, 2025Introduced in Senate
  1. Mar 12, 2025Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
  2. Mar 4, 2025Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488)
  3. Mar 4, 2025Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102.
  4. Mar 4, 2025Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471)
  5. Jan 21, 2025Introduced in Senate

The original text

Read it for yourself.

Read the original text →

Sources & provenance

Congress.govrefreshed 3 months ago

Cite this page

Civic Herald. “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". (S.J.Res. 3, 119th Congress).” https://civicherald.app/bills/119-sjres-3. Congress.gov record as of Jul 18, 2026.

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