H.J.Res. 25
Became lawProviding 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".
Full text of the bill
Official source on Congress.gov ↗[119th Congress Public Law 5] [From the U.S. Government Publishing Office] [[Page 139 STAT. 48]] Public Law 119-5 119th Congress 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''. <<NOTE: Apr. 10, 2025 - [H.J. Res. 25]>> Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, 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. Approved April 10, 2025. LEGISLATIVE HISTORY--H.J. Res. 25 (S.J. Res. 3): --------------------------------------------------------------------------- HOUSE REPORTS: No. 119-7 (Comm. on Ways and Means). CONGRESSIONAL RECORD, Vol. 171 (2025): Mar. 11, considered and passed House. Mar. 26, considered and passed Senate. <all>
Plain-language analysis
AI analysis · 100% confidenceAI-generated breakdown of the bill text above, checked by an independent review pass before publishing. It is analysis, not the law itself — the verbatim text and official source are the record.
In plain terms
This bill is a resolution that disapproves a rule from the Internal Revenue Service (IRS) about how brokers report gross proceeds from digital asset sales. The rule was published in the Federal Register and would not take effect because of this disapproval. It affects brokers who provide services for digital asset transactions.
Hidden provisions
No buried provisions were flagged.
Questionable / off-intent provisions
No off-intent or questionable provisions were flagged.
Junk / unrelated provisions
No filler or unrelated riders were flagged.