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H.J.Res. 25 · 119th Congress · Public Law 119-5

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".

The law is a single resolving clause, the same as when it was introduced.

Signed April 10, 2025 · Introduced January 21, 2025 in the House

Sponsor: Rep. Mike Carey (R-OH-15) · 9 cosponsors (1 D, 8 R)

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Official title

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.

Official summary (Congressional Research Service) · as public law

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.

How it became law

  1. IntroducedJan 21
  2. CommitteeFeb 26
  3. House—
  4. SenateMar 26
  5. SignedApr 10

As introduced: 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.

Key steps, cosponsors and text changes (23)

  1. Sponsor

    Rep. Mike Carey (R-OH)

  2. HouseReferred to the House Committee on Ways and Means.

  3. Introduced in House

  4. Text: Introduced in House

    1 section

  5. Cosponsors joined

    Rep. Tom Emmer (R-MN), Rep. Warren Davidson (R-OH)

  6. Cosponsor joined

    Rep. Jeff Crank (R-CO)

  7. Cosponsor joined

    Rep. Claudia Tenney (R-NY)

  8. Cosponsors joined

    Rep. David Kustoff (R-TN), Rep. Shri Thanedar (D-MI), Rep. Zachary Nunn (R-IA)

  9. Cosponsor joined

    Rep. William Timmons (R-SC)

  10. HouseOrdered to be Reported by the Yeas and Nays: 26 - 16.

  11. Cosponsor joined

    Rep. Troy Downing (R-MT)

  12. HouseReported by the Committee on Ways and Means. H. Rept. 119-7.

  13. Text: Reported in House

    1 section, no changes

  14. HouseOn passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)

  15. Text: Engrossed in House

    1 section, no changes

  16. SenateReceived in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.

  17. Text: Placed on Calendar Senate

    1 section, no changes

  18. SenatePassed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.

  19. SenateMotion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.

  20. HousePresented to President.

  21. Text: Enrolled Bill

    1 section, no changes

  22. Became Public Law No: 119-5.

  23. Signed by President.

Show every recorded step (32)

  1. Sponsor

    Rep. Mike Carey (R-OH)

  2. HouseReferred to the House Committee on Ways and Means.

  3. Introduced in House

  4. Text: Introduced in House

    1 section

  5. Cosponsors joined

    Rep. Tom Emmer (R-MN), Rep. Warren Davidson (R-OH)

  6. Cosponsor joined

    Rep. Jeff Crank (R-CO)

  7. Cosponsor joined

    Rep. Claudia Tenney (R-NY)

  8. Cosponsors joined

    Rep. David Kustoff (R-TN), Rep. Shri Thanedar (D-MI), Rep. Zachary Nunn (R-IA)

  9. Cosponsor joined

    Rep. William Timmons (R-SC)

  10. HouseOrdered to be Reported by the Yeas and Nays: 26 - 16.

  11. HouseCommittee Consideration and Mark-up Session Held

  12. Cosponsor joined

    Rep. Troy Downing (R-MT)

  13. HouseReported by the Committee on Ways and Means. H. Rept. 119-7.

  14. Text: Reported in House

    1 section, no changes

  15. HouseOn passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099)

  16. HouseConsidered as unfinished business. (consideration: CR H1126)

  17. 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.

  18. HouseThe previous question was ordered pursuant to the rule.

  19. HouseDEBATE - The House proceeded with one hour of debate on H.J. Res. 25.

  20. 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.

  21. HouseConsidered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)

  22. 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.

  23. Text: Engrossed in House

    1 section, no changes

  24. SenateReceived in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.

  25. Text: Placed on Calendar Senate

    1 section, no changes

  26. SenatePassed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.

  27. SenateMeasure laid before Senate by motion. (consideration: CR S1856-1864)

  28. SenateMotion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.

  29. HousePresented to President.

  30. Text: Enrolled Bill

    1 section, no changes

  31. Became Public Law No: 119-5.

  32. Signed by President.

Source: GovInfo bill status and text versions. 9 cosponsors.

Every section

All 1 section, in order

From the enrolled bill text on GovInfo. Read any section in full on Congress.gov.

  1. TextThat Congress disapproves the rule submitted by the Internal Revenue Service relating to Gross…

Sponsor and cosponsors

Show all 10 members, by last name

Sponsor: Rep. Mike Carey (R-OH-15)

  • Rep. Jeff Crank (R-CO-5)
  • Rep. Warren Davidson (R-OH-8)
  • Rep. Troy Downing (R-MT-2)
  • Rep. Tom Emmer (R-MN-6)
  • Rep. David Kustoff (R-TN-8)
  • Rep. Zachary Nunn (R-IA-3)
  • Rep. Claudia Tenney (R-NY-24)
  • Rep. Shri Thanedar (D-MI-13)
  • Rep. William Timmons (R-SC-4)
Share card: 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"., The law is a single resolving clause, the same as when it was introduced.

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Sources: bill text and status, GovInfo (Enrolled Bill) · Official summary, Congressional Research Service · Congress.gov, as of November 1, 2026. US government works are in the public domain · This bill on Congress.gov (opens in new tab)