S.J.Res. 3 · 119th Congress

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".

Introduced on Jan 21, 2025 by Ted Cruz (R-TX). 14 cosponsors, all from the sponsor's party. Latest action (Mar 12, 2025): Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.

Stage
Passed one chamber
Introduced
Jan 21, 2025
Cosponsors
14
0 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. 4Passed both chambers
  5. 5Sent to the President
  6. 6Became 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 (Introduced in Senate, Jan 21, 2025). Public domain.

This joint resolution nullifies the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the Internal Revenue Service (IRS) on December 30, 2024. The rule generally requires persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the IRS.

Sponsor and cosponsors

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

Ted CruzR-TXSponsor

Republicans · 14

Roll calls

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

  1. On the Motion to Proceed
    Mar 4, 2025· Senate· Procedural· Motion to Proceed Agreed to 70–28
  2. On the Joint Resolution
    Mar 4, 2025· Senate· Passage· Joint Resolution Passed 70–27

History

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

  1. Jan 21, 2025Introduced in Senate
  2. Jan 21, 2025 · SenateRead twice and referred to the Committee on Finance.
  3. Feb 12, 2025Senate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
  4. Feb 12, 2025 · SenateSenate Committee on Finance discharged, by petition, pursuant to 5 U.S.C. 802(c).
  5. Feb 12, 2025 · SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 11.
  6. Mar 4, 2025 · SenateMotion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 101. (CR S1470-1471)Senate · Roll call 101
  7. Mar 4, 2025 · SenateMeasure laid before Senate by motion. (consideration: CR S1471, S1477, S1485-1488)
  8. Mar 4, 2025Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102.Senate · Roll call 102
  9. Mar 4, 2025 · SenatePassed Senate without amendment by Yea-Nay Vote. 70 - 27. Record Vote Number: 102. (text: CR S1488)Senate · Roll call 102
  10. Mar 6, 2025 · SenateMessage on Senate action sent to the House.
  11. Mar 10, 2025 · HouseReceived in the House
  12. Mar 10, 2025 · HouseHeld at the Desk
  13. Mar 11, 2025 · HousePapers returned to Senate pursuant to H. Res. 212
  14. Mar 12, 2025 · SenateMessage received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.

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. Filecoin Foundation2 reports
    $150K reported (all issues)
  4. SOLANA POLICY INSTITUTE2 reports
    $1.2M reported (all issues)
  5. ANCHOR LABS, INC.1 report
    $120K reported (all issues)
  6. DEFI EDUCATION FUND1 report
  7. EXODUS MOVEMENT, INC.1 report
    $70K reported (all issues)
  8. Ledger1 report
    $40K reported (all issues)
  9. 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 7, 2026 · loaded Oct 7, 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 7, 2026 · loaded Oct 7, 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.