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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".

Public Law 119-5 · H.J.Res. 25 · 119th Congress · began in the House

Signed by Donald Trump (R) on Apr 10, 2025 · Taxation

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

Cosponsors (9): Rep. Tom Emmer,

Passage votesYeaNay

  • HouseRecorded vote: 292 yea, 132 nay292–132
  • SenateRecorded vote: 70 yea, 28 nay70–28
Data notes

The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.

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Summary

The Congressional Research Service’s plain-language summary of what the law does.

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.

Who voted for it

Every House member of the 119th Congress on the ideology compass. Highlighted: the 292 who voted yea on final passage. Faded: everyone else, including those who voted nay, did not vote, or had not yet taken office.

292 yea132 nay8 present or did not vote

ProEstablishmentAnti
Economic left–right
More liberalMore conservative

Democrats who voted yea(76)

Republicans who voted yea(216)

Data notes

The House’s recorded vote on the final version of the law (roll call 70 in Voteview), matched to the vote the record cites and checked against its totals. Positions are each member’s DW-NOMINATE score for that Congress, as on the Ideology page; left to right is more liberal to more conservative. Paired and announced yea votes count as yea. Lists follow the compass, most liberal first. A name links to a profile only for members of the current Congress. A law passed by voice vote or unanimous consent has no member list, and neither does a vote Voteview has not yet recorded.

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Committees

The committees the bill was sent to, and what each did with it.

Data notes

A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.

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Related bills

3 bills the Library of Congress relates to this one.

  • H.Res. 211Procedurally relatedRelated bill

    Providing for consideration of the joint resolution (H.J. Res. 25) providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating t…

  • H.Res. 212Public law contains the text

    Returning Senate Joint Resolution 3 to the Senate.

  • S.J.Res. 3Public law contains the textRelated bill

    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 Regu…

Data notes

Related bills are identified by the Congressional Research Service, the House and the Senate: companion and identical bills, bills with similar text, bills that were folded into this law, and rules that brought it to the floor. A bill that is itself a public law in this site’s data links here; the others link to Congress.gov.

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Timeline

From introduction to signing, newest first: the committees, the floor and the president. 23 actions.

  1. Apr 10, 2025Became lawBecame law · Became Public Law No: 119-5.
  2. Became lawBecame law · Signed by President.
  3. Apr 1, 2025FloorFloor · Presented to President.
  4. Mar 27, 2025FloorFloor · Message on Senate action sent to the House.
  5. Mar 26, 2025FloorFloor · Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151.Senate roll call 151
  6. FloorFloor · Measure laid before Senate by motion.
  7. FloorFloor · Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150.Senate roll call 150
  8. Mar 12, 2025CalendarCalendar · Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.
  9. Mar 11, 2025FloorFloor · Motion to reconsider laid on the table Agreed to without objection.
  10. FloorFloor · On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71).House roll call 71
  11. FloorFloor · Considered as unfinished business.
  12. FloorFloor · POSTPONED 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…
  13. FloorFloor · The previous question was ordered pursuant to the rule.
  14. FloorFloor · DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.
  15. FloorFloor · 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 meas…
  16. FloorFloor · Considered under the provisions of rule H. Res. 211.
  17. FloorFloor · Rules 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…
  18. Feb 28, 2025CalendarCalendar · Placed on the Union Calendar, Calendar No. 3.
  19. CommitteeCommittee · Reported by the Committee on Ways and Means. H. Rept. 119-7.
  20. Feb 26, 2025CommitteeCommittee · Ordered to be Reported by the Yeas and Nays: 26 - 16.
  21. CommitteeCommittee · Committee Consideration and Mark-up Session Held
  22. Jan 21, 2025CommitteeCommittee · Referred to the House Committee on Ways and Means.
  23. IntroducedIntroduced · Introduced in House
Data notes

Every action the Library of Congress lists for the bill, from introduction to signing, plus the dated committee hearings. The source lists many steps twice (the chamber’s own entry and the Library of Congress copy, or a presidential and a became-law entry with the same words); those are shown once. Amendments are listed in their own section.

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Amendments

No amendments to this bill are on record.

Data notes

Amendments offered to this bill in either chamber, as the Library of Congress records them: each with a status read from its last recorded step: agreed to, rejected, withdrawn, ruled out of order, fell with another amendment, or offered with no vote recorded (most Senate amendments are only ever offered). The wording of each amendment is the source’s. Amendments to amendments and amendments to other bills are not listed.

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Official record

The bill’s full text is on Congress.gov. Data through Oct 7, 2026.