H.J.Res. 25 · 119th Congress

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".

Introduced on Jan 21, 2025 by Mike Carey (R-OH-15). 9 cosponsors, 1 of them from another party. Became Public Law 119-5.

Stage
Became law
Public Law 119-5
Introduced
Jan 21, 2025
Cosponsors
9
1 from the other party
Policy area
Taxation
Open in the Congress explorerCongress.govAlert me

Progress

The furthest stage the measure reached. Simple and concurrent resolutions do not go to the President.

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

Subjects

  • Administrative law and regulatory procedures
  • Congressional oversight
  • Currency
  • Digital media
  • Financial services and investments
  • Internal Revenue Service (IRS)
  • Tax administration and collection, taxpayers

Summary

By the Congressional Research Service (Public Law, Apr 10, 2025). Public domain.

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.

Sponsor and cosponsors

Cosponsors by party as of the day they signed on. Original cosponsors signed on the day of introduction.

Mike CareyR-OH-15Sponsor

Democrats · 1

Republicans · 8

Roll calls

Recorded votes on the measure. Most measures move by voice vote or unanimous consent, which record no individual positions.

  1. On Passage
    Mar 11, 2025· House· Passage· Passed 292–132
  2. On the Motion to Proceed
    Mar 26, 2025· Senate· Procedural· Motion to Proceed Agreed to 70–28
  3. On the Joint Resolution
    Mar 26, 2025· Senate· Passage· Joint Resolution Passed 70–28

History

Every action as published, oldest first. Roll calls link to how each member voted.

  1. Jan 21, 2025Introduced in House
  2. Jan 21, 2025Introduced in House
  3. Jan 21, 2025 · HouseReferred to the House Committee on Ways and Means.
  4. Feb 26, 2025 · HouseCommittee Consideration and Mark-up Session Held
  5. Feb 26, 2025 · HouseOrdered to be Reported by the Yeas and Nays: 26 - 16.
  6. Feb 28, 2025Reported by the Committee on Ways and Means. H. Rept. 119-7.
  7. Feb 28, 2025 · HouseReported by the Committee on Ways and Means. H. Rept. 119-7.
  8. Feb 28, 2025 · HousePlaced on the Union Calendar, Calendar No. 3.
  9. Mar 11, 2025 · HouseRules 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.
  10. Mar 11, 2025 · HouseConsidered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)
  11. Mar 11, 2025 · HouseRule 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.
  12. Mar 11, 2025 · HouseDEBATE - The House proceeded with one hour of debate on H.J. Res. 25.
  13. Mar 11, 2025 · HouseThe previous question was ordered pursuant to the rule.
  14. Mar 11, 2025 · HousePOSTPONED 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.
  15. Mar 11, 2025 · HouseConsidered as unfinished business. (consideration: CR H1126)
  16. Mar 11, 2025Passed/agreed to in House: On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)House · Roll call 71
  17. Mar 11, 2025 · HouseOn passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)House · Roll call 71
  18. Mar 11, 2025 · HouseMotion to reconsider laid on the table Agreed to without objection.
  19. Mar 12, 2025 · SenateReceived in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.
  20. Mar 26, 2025 · SenateMotion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.Senate · Roll call 150
  21. Mar 26, 2025 · SenateMeasure laid before Senate by motion. (consideration: CR S1856-1864)
  22. Mar 26, 2025Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.Senate · Roll call 151
  23. Mar 26, 2025 · SenatePassed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.Senate · Roll call 151
  24. Mar 27, 2025 · SenateMessage on Senate action sent to the House.
  25. Apr 1, 2025Presented to President.
  26. Apr 1, 2025 · HousePresented to President.
  27. Apr 10, 2025Signed by President.
  28. Apr 10, 2025Signed by President.
  29. Apr 10, 2025Became Public Law No: 119-5.
  30. Apr 10, 2025Became Public Law No: 119-5.

Committees

Committees and subcommittees the measure was referred to.

Agencies in its committees' jurisdiction

Analisa's mapping of committee jurisdiction to federal agencies; the bill may touch others, or none of these.

Who lobbied on it

Organizations whose lobbying reports (LD-2) name this measure. Spending is what they reported for those quarters on all issues, not on this measure alone.

  1. DIGITAL CURRENCY GROUP6 reports
    $2.3M reported (all issues)
  2. BLOCKCHAIN ASSOCIATION5 reports
    $2M reported (all issues)
  3. Ozone Networks, Inc. d/b/a OpenSea5 reports
    $190K reported (all issues)
  4. Americans for Tax Reform4 reports
    $240K reported (all issues)
  5. PARADIGM OPERATIONS LP3 reports
    $640K reported (all issues)
  6. Crypto Council for Innovation2 reports
    $458K reported (all issues)
  7. Filecoin Foundation2 reports
    $150K reported (all issues)
  8. National Taxpayers Union2 reports
    $60K reported (all issues)
  9. SOLANA POLICY INSTITUTE2 reports
    $1.2M reported (all issues)
  10. AMERICAN FEDERATION OF STATE, COUNTY AND MUNICIPAL EMPLOYEES1 report
    $700K reported (all issues)
  11. American Exploration & Production Council1 report
    $470K reported (all issues)
  12. Americans for Financial Reform1 report
    $150K reported (all issues)
  13. DEFI EDUCATION FUND1 report
  14. Ledger1 report
    $40K reported (all issues)
  15. SMALL BUSINESS & ENTREPRENEURSHIP COUNCIL (SBE COUNCIL)1 report
    $40K reported (all issues)
  16. UNISWAP LABS1 report
    $90K reported (all issues)

Reports filed in 2025, 2026.

Sources and method

Every figure on this page traces to these records.

  • Bill status: bills and resolutions, sponsors, actions, subjects and CRS summaries (U.S. Government Publishing Office (GovInfo), from Congress.gov (Library of Congress))GovInfo Bill Status bulk data (Congress.gov; summaries by the Congressional Research Service) · data current to Oct 6, 2026 · loaded Oct 6, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Members of Congress, their terms, committees and identifiers (The @unitedstates project (from the Biographical Directory of the U.S. Congress, the House and the Senate))unitedstates/congress-legislators: legislators, committees and current committee membership · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: CC0 1.0 (public domain dedication)
  • House roll-call votes (Office of the Clerk, U.S. House of Representatives)Office of the Clerk, U.S. House of Representatives, roll-call vote records · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Senate roll-call votes and DW-NOMINATE scores (Voteview (UCLA Department of Political Science))Lewis, Jeffrey B., Keith Poole, Howard Rosenthal, Adam Boche, Aaron Rudkin, and Luke Sonnet (2026). Voteview: Congressional Roll-Call Votes Database. https://voteview.com/ · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Free to use with the required citation
  • Lobbying disclosures (LD-1 registrations, LD-2 quarterly reports, LD-203 contribution reports) (Clerk of the U.S. House of Representatives)Clerk of the House, Lobbying Disclosure Act filings (organizations only; lobbyists' names are not loaded) · data current to Oct 6, 2026 · loaded Oct 6, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Positions are shown only where a roll call recorded them; voice votes and unanimous consent record none.
  • Money and votes are shown side by side; neither explains the other.