S.J.Res. 3 · 119th Congress · Taxation
Overturning the IRS Digital Asset Broker Rule
How the Senate voted
Yea from the left, nay from the right, each side by party
Senate · Mar 4, 2025
Roll call ↗70
27
Passed the Senate.
Passed the Senate on March 4, 2025.
Latest action: Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212
- IntroducedJan 21, 2025
- CommitteeJan 21, 2025
- Passed SenateMar 4, 2025
- Passed House
- Became law
On the record
- Cosponsors
- 14
- all Republicans
- Senate committee
- Finance
- Lobbying
- At least 9
- organizations named it2025 Q1 to 2026 Q3
What it does
This resolution overturns an Internal Revenue Service rule on digital asset reporting.
How each member voted
The Senate roll call, passed the Senate, March 4, 2025
Yea unless marked
D · Sen · MD
R · Sen · IN
R · Sen · WY
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".
This resolution overturns an Internal Revenue Service rule on digital asset reporting. Using the Congressional Review Act, it disapproves the IRS rule titled 'Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales,' published at 89 Fed. Reg. 106928 on December 30, 2024. Once enacted, the rule has no force or effect. The rule had extended broker reporting requirements to certain participants in decentralized digital asset trading.
Each stop is a step the bill’s own record states, with the date it happened. A ring is a step not yet taken. A bill becomes law when the President signs it or Congress overrides a veto.
At least 9 organizations named this measure in a lobbying filing. A floor, not a total: they were counted by the client name on 27 quarterly reports filed by 2 lobbying firms and by 7 organizations lobbying for themselves in 2025 Q1, 2025 Q2, 2025 Q3, 2025 Q4, 2026 Q1, 2026 Q2 and 2026 Q3. An organization that lobbied this measure without naming it is not counted here.
The filings record that lobbying was reported on the measure. The form has no per-bill dollar figure and no field for a position, so nothing here says how much was spent or which side an organization took.
5 of them, in no ranking: Exodus Movement, Inc.; Uniswap Labs; Anchor Labs, Inc.; Digital Currency Group; Ledger. Listed as filed, in the order the filings were read, and 4 others are not shown. These are not the largest, the earliest or the most active: we keep five names per measure, and the filings give no ranking.
From the LD-2 quarterly lobbying filings published at lda.gov by the Senate Office of Public Records. Read for 2025 Q1, 2025 Q2, 2025 Q3, 2025 Q4, 2026 Q1, 2026 Q2 and 2026 Q3. Our copy holds 24 fewer filings for 2025 Q1, 39 fewer filings for 2025 Q2, 42 fewer filings for 2025 Q3, 33 fewer filings for 2025 Q4, 28 fewer filings for 2026 Q1, 48 fewer filings for 2026 Q2 and 218 fewer filings for 2026 Q3 than the Senate's register counts, so those quarters are the filings we could read rather than every one filed. 2026 Q4 is still inside its filing window, so that quarter is only the filings posted so far.
Congress.gov bill status and cosponsor records; the House Clerk and Senate roll calls; lobbying reports filed under the Lobbying Disclosure Act (lda.gov); the plain summary and provisions are read from the bill text, each with its section.