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SJRES 3 — Congress 119

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".

Official source: https://www.congress.gov/bill/119th-congress/senate-joint-resolution/3

Congress.gov subjects: Administrative law and regulatory procedures; Congressional oversight; Currency; Digital media; Financial services and investments; Internal Revenue Service (IRS); Tax administration and collection, taxpayers; Taxation

Issues impacted: Taxes & Government Spending (taxonomy, high), Regulation & Agency Oversight (ai, high)

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Official bill text (stored)

Plain-text extraction from Congress.gov text formats. Canonical source remains the official URL above. Full text is prioritized for bills with roll-call votes.

119 SJ 3 IS: 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”. 
 U.S. Senate 
 2025-01-21 
 text/xml 
 EN 
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. 
 
 
 
 IIA 119th CONGRESS 1st Session S. J. RES. 3 IN THE SENATE OF THE UNITED STATES January 21, 2025 Mr. Cruz (for himself, Ms. Lummis , Mr. Hagerty , Mr. Tillis , Mr. Sheehy , and Mr. Budd ) introduced the following joint resolution; which was read twice and referred to the Committee on Finance 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 . 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.

Plain-English summary

Confidence: high · Complexity: simple · Model: grok-4.5

This one’s Congress trying to kill a fresh IRS rule about crypto and other digital-asset sales.

The IRS finalized a rule that tells certain brokers—middlemen and platforms that regularly help people sell digital assets—to report the total haul from those sales (the “gross proceeds”) to the tax agency. This joint resolution uses the Congressional Review Act, a special fast-track tool that lets Congress cancel a recent agency rule. If it becomes law, that IRS rule is wiped out and has no force or effect.

Who might notice? Crypto exchanges, trading platforms, and other brokers that help those sales happen, plus people who sell through them—because that particular federal reporting setup would not apply. Everyday tax filing for other income wouldn’t change just from this text alone.

We only know what the resolution itself says: Congress disapproves that named rule (the one published late December 2024). It doesn’t rewrite the whole tax code or invent a new crypto tax system—it just knocks out this one reporting rule.

Related issues

How a vote maps to positions

Impartial mapping: which issue position a Yea vs Nay advances. When a bill has multiple floor votes, each roll can have its own mapping. Bill-level entries (no roll listed) apply as a default when a roll has no specific map. Used for legislator alignment.

All rolls (bill default)

IssueYea advancesNay advancesNote
Taxes & Government SpendingLower taxes and constrain spending growthRevenue for public programsYea cancels IRS gross-proceeds reporting for digital-asset brokers, easing that compliance burden; Nay keeps the rule that supports tax administration and collection on those sales.
Regulation & Agency OversightDisapprove or nullify agency rulesPreserve agency rules and standardsYea is a CRA disapproval stripping the IRS digital-asset broker reporting rule of force and effect; Nay leaves the published agency rule in place.

Official citations

Member votes on this bill

MemberPositionRoll call
Baldwin, Tammy
D-WI
Naysenate #101 · Official roll call
Cruz, Ted
R-TX
Yeasenate #101 · Official roll call
Warren, Elizabeth
D-MA
Naysenate #101 · Official roll call
Cassidy, Bill
R-LA
Yeasenate #101 · Official roll call
Scott, Tim
R-SC
Yeasenate #101 · Official roll call
Murray, Patty
D-WA
Naysenate #101 · Official roll call
Grassley, Chuck
R-IA
Yeasenate #101 · Official roll call
Schiff, Adam B.
D-CA
Yeasenate #101 · Official roll call
Booker, Cory A.
D-NJ
Yeasenate #101 · Official roll call
Mullin, Markwayne
R-OK
Yeasenate #101 · Official roll call
Young, Todd
R-IN
Yeasenate #101 · Official roll call
Wyden, Ron
D-OR
Naysenate #101 · Official roll call
Wicker, Roger F.
R-MS
Yeasenate #101 · Official roll call
Whitehouse, Sheldon
D-RI
Naysenate #101 · Official roll call
Welch, Peter
D-VT
Naysenate #101 · Official roll call
Warnock, Raphael G.
D-GA
Yeasenate #101 · Official roll call
Warner, Mark R.
D-VA
Yeasenate #101 · Official roll call
Van Hollen, Chris
D-MD
Naysenate #101 · Official roll call
Tuberville, Tommy
R-AL
Yeasenate #101 · Official roll call
Tillis, Thomas
R-NC
Yeasenate #101 · Official roll call
Thune, John
R-SD
Yeasenate #101 · Official roll call
Sullivan, Dan
R-AK
Yeasenate #101 · Official roll call
Smith, Tina
D-MN
Naysenate #101 · Official roll call
Slotkin, Elissa
D-MI
Not Votingsenate #101 · Official roll call
Sheehy, Tim
R-MT
Yeasenate #101 · Official roll call
Shaheen, Jeanne
D-NH
Naysenate #101 · Official roll call
Scott, Rick
R-FL
Yeasenate #101 · Official roll call
Schumer, Charles E.
D-NY
Yeasenate #101 · Official roll call
Schmitt, Eric
R-MO
Yeasenate #101 · Official roll call
Schatz, Brian
D-HI
Yeasenate #101 · Official roll call
Sanders, Bernard
I-VT
Naysenate #101 · Official roll call
Rounds, Mike
R-SD
Yeasenate #101 · Official roll call
Rosen, Jacky
D-NV
Yeasenate #101 · Official roll call
Risch, James E.
R-ID
Yeasenate #101 · Official roll call
Ricketts, Pete
R-NE
Yeasenate #101 · Official roll call
Reed, Jack
D-RI
Naysenate #101 · Official roll call
Peters, Gary C.
D-MI
Naysenate #101 · Official roll call
Paul, Rand
R-KY
Yeasenate #101 · Official roll call
Padilla, Alex
D-CA
Yeasenate #101 · Official roll call
Ossoff, Jon
D-GA
Yeasenate #101 · Official roll call
Murphy, Christopher
D-CT
Naysenate #101 · Official roll call
Britt, Katie Boyd
R-AL
Yeasenate #101 · Official roll call
Murkowski, Lisa
R-AK
Yeasenate #101 · Official roll call
Moreno, Bernie
R-OH
Yeasenate #101 · Official roll call
Moran, Jerry
R-KS
Yeasenate #101 · Official roll call
Merkley, Jeff
D-OR
Naysenate #101 · Official roll call
McCormick, David
R-PA
Yeasenate #101 · Official roll call
McConnell, Mitch
R-KY
Yeasenate #101 · Official roll call
Marshall, Roger
R-KS
Yeasenate #101 · Official roll call
Markey, Edward J.
D-MA
Naysenate #101 · Official roll call
Lummis, Cynthia M.
R-WY
Not Votingsenate #101 · Official roll call
Luján, Ben Ray
D-NM
Yeasenate #101 · Official roll call
Lee, Mike
R-UT
Yeasenate #101 · Official roll call
Lankford, James
R-OK
Yeasenate #101 · Official roll call
Klobuchar, Amy
D-MN
Naysenate #101 · Official roll call
King, Angus S., Jr.
I-ME
Yeasenate #101 · Official roll call
Kim, Andy
D-NJ
Yeasenate #101 · Official roll call
Kennedy, John
R-LA
Yeasenate #101 · Official roll call
Kelly, Mark
D-AZ
Naysenate #101 · Official roll call
Kaine, Tim
D-VA
Naysenate #101 · Official roll call
Justice, James C.
R-WV
Yeasenate #101 · Official roll call
Johnson, Ron
R-WI
Yeasenate #101 · Official roll call
Hyde-Smith, Cindy
R-MS
Yeasenate #101 · Official roll call
Husted, Jon
R-OH
Yeasenate #101 · Official roll call
Hoeven, John
R-ND
Yeasenate #101 · Official roll call
Hirono, Mazie K.
D-HI
Naysenate #101 · Official roll call
Hickenlooper, John W.
D-CO
Naysenate #101 · Official roll call
Heinrich, Martin
D-NM
Yeasenate #101 · Official roll call
Hawley, Josh
R-MO
Yeasenate #101 · Official roll call
Hassan, Margaret Wood
D-NH
Naysenate #101 · Official roll call
Hagerty, Bill
R-TN
Yeasenate #101 · Official roll call
Gillibrand, Kirsten E.
D-NY
Yeasenate #101 · Official roll call
Gallego, Ruben
D-AZ
Yeasenate #101 · Official roll call
Fischer, Deb
R-NE
Yeasenate #101 · Official roll call
Fetterman, John
D-PA
Yeasenate #101 · Official roll call
Ernst, Joni
R-IA
Yeasenate #101 · Official roll call
Durbin, Richard J.
D-IL
Naysenate #101 · Official roll call
Duckworth, Tammy
D-IL
Naysenate #101 · Official roll call
Daines, Steve
R-MT
Yeasenate #101 · Official roll call
Curtis, John R.
R-UT
Yeasenate #101 · Official roll call
Crapo, Mike
R-ID
Yeasenate #101 · Official roll call
Cramer, Kevin
R-ND
Yeasenate #101 · Official roll call
Cotton, Tom
R-AR
Yeasenate #101 · Official roll call
Cortez Masto, Catherine
D-NV
Yeasenate #101 · Official roll call
Cornyn, John
R-TX
Yeasenate #101 · Official roll call
Coons, Christopher A.
D-DE
Naysenate #101 · Official roll call
Collins, Susan M.
R-ME
Yeasenate #101 · Official roll call
Capito, Shelley Moore
R-WV
Yeasenate #101 · Official roll call
Cantwell, Maria
D-WA
Naysenate #101 · Official roll call
Budd, Ted
R-NC
Yeasenate #101 · Official roll call
Boozman, John
R-AR
Yeasenate #101 · Official roll call
Blunt Rochester, Lisa
D-DE
Naysenate #101 · Official roll call
Blumenthal, Richard
D-CT
Naysenate #101 · Official roll call
Blackburn, Marsha
R-TN
Yeasenate #101 · Official roll call
Bennet, Michael F.
D-CO
Naysenate #101 · Official roll call
Barrasso, John
R-WY
Yeasenate #101 · Official roll call
Banks, Jim
R-IN
Yeasenate #101 · Official roll call
Alsobrooks, Angela D.
D-MD
Yeasenate #101 · Official roll call
Graham, Lindsey
R-SC
Yeasenate #101 · Official roll call
Moody, Ashley
R-FL
Yeasenate #101 · Official roll call
Baldwin, Tammy
D-WI
Naysenate #102 · Official roll call
Cruz, Ted
R-TX
Yeasenate #102 · Official roll call
Warren, Elizabeth
D-MA
Naysenate #102 · Official roll call
Cassidy, Bill
R-LA
Yeasenate #102 · Official roll call
Scott, Tim
R-SC
Yeasenate #102 · Official roll call
Murray, Patty
D-WA
Naysenate #102 · Official roll call
Grassley, Chuck
R-IA
Yeasenate #102 · Official roll call
Schiff, Adam B.
D-CA
Yeasenate #102 · Official roll call
Booker, Cory A.
D-NJ
Yeasenate #102 · Official roll call
Mullin, Markwayne
R-OK
Yeasenate #102 · Official roll call
Young, Todd
R-IN
Yeasenate #102 · Official roll call
Wyden, Ron
D-OR
Naysenate #102 · Official roll call
Wicker, Roger F.
R-MS
Yeasenate #102 · Official roll call
Whitehouse, Sheldon
D-RI
Naysenate #102 · Official roll call
Welch, Peter
D-VT
Naysenate #102 · Official roll call
Warnock, Raphael G.
D-GA
Yeasenate #102 · Official roll call
Warner, Mark R.
D-VA
Yeasenate #102 · Official roll call
Van Hollen, Chris
D-MD
Naysenate #102 · Official roll call
Tuberville, Tommy
R-AL
Yeasenate #102 · Official roll call
Tillis, Thomas
R-NC
Yeasenate #102 · Official roll call
Thune, John
R-SD
Yeasenate #102 · Official roll call
Sullivan, Dan
R-AK
Yeasenate #102 · Official roll call
Smith, Tina
D-MN
Naysenate #102 · Official roll call
Slotkin, Elissa
D-MI
Not Votingsenate #102 · Official roll call
Sheehy, Tim
R-MT
Yeasenate #102 · Official roll call
Shaheen, Jeanne
D-NH
Naysenate #102 · Official roll call
Scott, Rick
R-FL
Yeasenate #102 · Official roll call
Schumer, Charles E.
D-NY
Yeasenate #102 · Official roll call
Schmitt, Eric
R-MO
Yeasenate #102 · Official roll call
Schatz, Brian
D-HI
Yeasenate #102 · Official roll call
Sanders, Bernard
I-VT
Naysenate #102 · Official roll call
Rounds, Mike
R-SD
Yeasenate #102 · Official roll call
Rosen, Jacky
D-NV
Yeasenate #102 · Official roll call
Risch, James E.
R-ID
Yeasenate #102 · Official roll call
Ricketts, Pete
R-NE
Yeasenate #102 · Official roll call
Reed, Jack
D-RI
Naysenate #102 · Official roll call
Peters, Gary C.
D-MI
Naysenate #102 · Official roll call
Paul, Rand
R-KY
Yeasenate #102 · Official roll call
Padilla, Alex
D-CA
Yeasenate #102 · Official roll call
Ossoff, Jon
D-GA
Yeasenate #102 · Official roll call
Murphy, Christopher
D-CT
Naysenate #102 · Official roll call
Britt, Katie Boyd
R-AL
Yeasenate #102 · Official roll call
Murkowski, Lisa
R-AK
Yeasenate #102 · Official roll call
Moreno, Bernie
R-OH
Yeasenate #102 · Official roll call
Moran, Jerry
R-KS
Yeasenate #102 · Official roll call
Merkley, Jeff
D-OR
Naysenate #102 · Official roll call
McCormick, David
R-PA
Yeasenate #102 · Official roll call
McConnell, Mitch
R-KY
Yeasenate #102 · Official roll call
Marshall, Roger
R-KS
Yeasenate #102 · Official roll call
Markey, Edward J.
D-MA
Naysenate #102 · Official roll call
Lummis, Cynthia M.
R-WY
Not Votingsenate #102 · Official roll call
Luján, Ben Ray
D-NM
Yeasenate #102 · Official roll call
Lee, Mike
R-UT
Yeasenate #102 · Official roll call
Lankford, James
R-OK
Yeasenate #102 · Official roll call
Klobuchar, Amy
D-MN
Naysenate #102 · Official roll call
King, Angus S., Jr.
I-ME
Yeasenate #102 · Official roll call
Kim, Andy
D-NJ
Yeasenate #102 · Official roll call
Kennedy, John
R-LA
Yeasenate #102 · Official roll call
Kelly, Mark
D-AZ
Naysenate #102 · Official roll call
Kaine, Tim
D-VA
Naysenate #102 · Official roll call
Justice, James C.
R-WV
Not Votingsenate #102 · Official roll call
Johnson, Ron
R-WI
Yeasenate #102 · Official roll call
Hyde-Smith, Cindy
R-MS
Yeasenate #102 · Official roll call
Husted, Jon
R-OH
Yeasenate #102 · Official roll call
Hoeven, John
R-ND
Yeasenate #102 · Official roll call
Hirono, Mazie K.
D-HI
Naysenate #102 · Official roll call
Hickenlooper, John W.
D-CO
Yeasenate #102 · Official roll call
Heinrich, Martin
D-NM
Yeasenate #102 · Official roll call
Hawley, Josh
R-MO
Yeasenate #102 · Official roll call
Hassan, Margaret Wood
D-NH
Naysenate #102 · Official roll call
Hagerty, Bill
R-TN
Yeasenate #102 · Official roll call
Gillibrand, Kirsten E.
D-NY
Yeasenate #102 · Official roll call
Gallego, Ruben
D-AZ
Yeasenate #102 · Official roll call
Fischer, Deb
R-NE
Yeasenate #102 · Official roll call
Fetterman, John
D-PA
Yeasenate #102 · Official roll call
Ernst, Joni
R-IA
Yeasenate #102 · Official roll call
Durbin, Richard J.
D-IL
Naysenate #102 · Official roll call
Duckworth, Tammy
D-IL
Naysenate #102 · Official roll call
Daines, Steve
R-MT
Yeasenate #102 · Official roll call
Curtis, John R.
R-UT
Yeasenate #102 · Official roll call
Crapo, Mike
R-ID
Yeasenate #102 · Official roll call
Cramer, Kevin
R-ND
Yeasenate #102 · Official roll call
Cotton, Tom
R-AR
Yeasenate #102 · Official roll call
Cortez Masto, Catherine
D-NV
Yeasenate #102 · Official roll call
Cornyn, John
R-TX
Yeasenate #102 · Official roll call
Coons, Christopher A.
D-DE
Naysenate #102 · Official roll call
Collins, Susan M.
R-ME
Yeasenate #102 · Official roll call
Capito, Shelley Moore
R-WV
Yeasenate #102 · Official roll call
Cantwell, Maria
D-WA
Naysenate #102 · Official roll call
Budd, Ted
R-NC
Yeasenate #102 · Official roll call
Boozman, John
R-AR
Yeasenate #102 · Official roll call
Blunt Rochester, Lisa
D-DE
Naysenate #102 · Official roll call
Blumenthal, Richard
D-CT
Naysenate #102 · Official roll call
Blackburn, Marsha
R-TN
Yeasenate #102 · Official roll call
Bennet, Michael F.
D-CO
Naysenate #102 · Official roll call
Barrasso, John
R-WY
Yeasenate #102 · Official roll call
Banks, Jim
R-IN
Yeasenate #102 · Official roll call
Alsobrooks, Angela D.
D-MD
Yeasenate #102 · Official roll call
Graham, Lindsey
R-SC
Yeasenate #102 · Official roll call
Moody, Ashley
R-FL
Yeasenate #102 · Official roll call