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US SJR3
Joint Resolution
AI Summary
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Disapproves and nullifies the IRS rule on "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales" published December 30, 2024 (89 Fed. Reg. 106928)
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Uses the Congressional Review Act (chapter 8 of title 5, U.S. Code) to overturn the federal regulation
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The targeted rule would have required brokers facilitating digital asset/cryptocurrency transactions to report gross proceeds to the IRS
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Passed the Senate on March 4, 2025
Legislative Description
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".
Taxation
Last Action
Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
3/12/2025