119th Congress · introduced in the House · Jan 21, 2025
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 title from Congress.gov
Latest action (Apr 10, 2025): Became Public Law No: 119-5.
View on Congress.govPolicy area: Taxation
Congressional Research Service summary, version: Public Law (Apr 10, 2025) · 2 versions published
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.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
Senate · Mar 26, 2025 · Roll call 151 · Joint Resolution Passed
Senate · Mar 26, 2025 · Roll call 150 · Motion to Proceed Agreed to
House · Mar 11, 2025 · Roll call 71 · Passed
Became Public Law No: 119-5.
Became Public Law No: 119-5.
Signed by President.
Signed by President.
Presented to President.
Presented to President.
Message on Senate action sent to the House.
Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151. Roll call details
Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151. Roll call details
Measure laid before Senate by motion. (consideration: CR S1856-1864)
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150. Roll call details
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.
Motion to reconsider laid on the table Agreed to without objection.
On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099) Roll call details
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099) Roll call details
Administrative law and regulatory procedures · Congressional oversight · Currency · Digital media · Financial services and investments · Internal Revenue Service (IRS) · Tax administration and collection, taxpayers
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsConsidered as unfinished business. (consideration: CR H1126)
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 a time to be announced.
The previous question was ordered pursuant to the rule.
DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.
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.
Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)
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 of general debate and one motion to recommit on each measure.
Placed on the Union Calendar, Calendar No. 3.
Reported by the Committee on Ways and Means. H. Rept. 119-7.
Reported by the Committee on Ways and Means. H. Rept. 119-7.
Ordered to be Reported by the Yeas and Nays: 26 - 16.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Actions from Congress.gov, newest first.
Coverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 23, 2026.
37 citations; showing the 25 most recently posted.
OZONE NETWORKS, INC. D/B/A OPENSEA · lobbying firm or registrant: FRANKLIN SQUARE GROUP, LLC
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Taxation/Internal Revenue Code
$30,000
Paid to lobbying firm
…S Notice 2023-27 on the tax treatment of nonfungible tokens; Monitor tax regulations as they relate to cryptocurrency and digital asset reporting requirements; H.J. Res. 25, Providing for congressional disapproval of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICANS FOR TAX REFORM · lobbying firm or registrant: AMERICANS FOR TAX REFORM
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Feb 4, 2026 · issue area: Banking
$60,000
Spent on own lobbying
…itted by the Bureau of Consumer Financial Protection relating to Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications 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 to Gros…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
BLOCKCHAIN ASSOCIATION · lobbying firm or registrant: BLOCKCHAIN ASSOCIATION
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · amended · posted Jan 20, 2026 · issue area: Banking
$470,000
Spent on own lobbying
…es and related assets, digital rights, and decentralized web applications using blockchain and related distributed ledger technologies, including: S.J. Res. 3/ H.J. Res. 25 Resolution Disapproving Broker Rule; S. 401Fair Access to Banking Act; H.R. 987 Fair Access to Banking Act; H.R. 148 Keep Your Coins Act of 2025; S. 919GENIUS…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
BLOCKCHAIN ASSOCIATION · lobbying firm or registrant: BLOCKCHAIN ASSOCIATION
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · amended · posted Jan 20, 2026 · issue area: Financial Institutions/Investments/Securities
$470,000
Spent on own lobbying
…es and related assets, digital rights, and decentralized web applications using blockchain and related distributed ledger technologies, including: S.J. Res. 3/ H.J. Res. 25 Resolution Disapproving Broker Rule; S. 37 Venezuela Advancing Liberty, Opportunity, and Rights Act (VALOR Act); S. 401Fair Access to Banking Act; H.R. 987 Fai…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
BLOCKCHAIN ASSOCIATION · lobbying firm or registrant: BLOCKCHAIN ASSOCIATION
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · amended · posted Jan 20, 2026 · issue area: Taxation/Internal Revenue Code
$470,000
Spent on own lobbying
…es and related assets, digital rights, and decentralized web applications using blockchain and related distributed ledger technologies, including: S.J. Res. 3/ H.J. Res. 25 Resolution Disapproving Broker Rule; H.R. 148 To prohibit Federal agencies from restricting the use of convertible virtual currency by a person to purchase goo…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
BLOCKCHAIN ASSOCIATION · lobbying firm or registrant: BLOCKCHAIN ASSOCIATION
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · amended · posted Jan 20, 2026 · issue area: Banking
$490,000
Spent on own lobbying
…es and related assets, digital rights, and decentralized web applications using blockchain and related distributed ledger technologies, including: S.J. Res. 3/ H.J. Res. 25 Resolution Disapproving Broker Rule; S. 401Fair Access to Banking Act; H.R. 987 Fair Access to Banking Act; H.R. 148 Keep Your Coins Act of 2025; S. 919GENIUS…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
BLOCKCHAIN ASSOCIATION · lobbying firm or registrant: BLOCKCHAIN ASSOCIATION
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · amended · posted Jan 20, 2026 · issue area: Banking
$490,000
Spent on own lobbying
…es and related assets, digital rights, and decentralized web applications using blockchain and related distributed ledger technologies, including: S.J. Res. 3/ H.J. Res. 25 Resolution Disapproving Broker Rule; S. 401Fair Access to Banking Act; H.R. 987 Fair Access to Banking Act; H.R. 148 Keep Your Coins Act of 2025; S. 919GENIUS…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
SOLANA POLICY INSTITUTE · lobbying firm or registrant: SOLANA POLICY INSTITUTE
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · amended · posted Jan 20, 2026 · issue area: Financial Institutions/Investments/Securities
$560,000
Spent on own lobbying
…tal rights, regulatory framework for stablecoins, and central bank digital currency regulations and proposals (S.J. Res. 3 Resolution Disapproving Broker Rule; H.J. Res. 25 Resolution Disapproving Broker Rule; H.R. 1 The One Big Beautiful Bill Act; H.R. 148 Keep Your Coins Act of 2025; S. 401/ H.R. 987 Fair Access to Banking Act;…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
SOLANA POLICY INSTITUTE · lobbying firm or registrant: SOLANA POLICY INSTITUTE
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · amended · posted Jan 20, 2026 · issue area: Banking
$560,000
Spent on own lobbying
…tal rights, regulatory framework for stablecoins, and central bank digital currency regulations and proposals (S.J. Res. 3 Resolution Disapproving Broker Rule; H.J. Res. 25 Resolution Disapproving Broker Rule; H.R. 1 The One Big Beautiful Bill Act; H.R. 148 Keep Your Coins Act of 2025; S. 401/ H.R. 987 Fair Access to Banking Act;…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
SOLANA POLICY INSTITUTE · lobbying firm or registrant: SOLANA POLICY INSTITUTE
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · amended · posted Jan 20, 2026 · issue area: Taxation/Internal Revenue Code
$560,000
Spent on own lobbying
…rencies, decentralized finance, digital rights, regulatory framework for stablecoins, and central bank digital currency regulations and proposals (S.J.Res. 3 / H.J. Res. 25 Resolution Disapproving Broker Rule; H.R. 1 The One Big Beautiful Bill Act; S.2207 Lummis Tax Package).
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
SOLANA POLICY INSTITUTE · lobbying firm or registrant: SOLANA POLICY INSTITUTE
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Taxation/Internal Revenue Code
$590,000
Spent on own lobbying
…rencies, decentralized finance, digital rights, regulatory framework for stablecoins, and central bank digital currency regulations and proposals (S.J.Res. 3 / H.J. Res. 25 Resolution Disapproving Broker Rule; H.R. 1 The One Big Beautiful Bill Act; S.2207 Lummis Tax Package).
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
OZONE NETWORKS, INC. D/B/A OPENSEA · lobbying firm or registrant: FRANKLIN SQUARE GROUP, LLC
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Taxation/Internal Revenue Code
$40,000
Paid to lobbying firm
…S Notice 2023-27 on the tax treatment of nonfungible tokens; Monitor tax regulations as they relate to cryptocurrency and digital asset reporting requirements; H.J. Res. 25, Providing for congressional disapproval of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICANS FOR TAX REFORM · lobbying firm or registrant: AMERICANS FOR TAX REFORM
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 21, 2025 · issue area: Banking
$60,000
Spent on own lobbying
…itted by the Bureau of Consumer Financial Protection relating to Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications 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 to Gros…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
OZONE NETWORKS, INC. D/B/A OPENSEA · lobbying firm or registrant: FRANKLIN SQUARE GROUP, LLC
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 21, 2025 · issue area: Taxation/Internal Revenue Code
$40,000
Paid to lobbying firm
…S Notice 2023-27 on the tax treatment of nonfungible tokens; Monitor tax regulations as they relate to cryptocurrency and digital asset reporting requirements; H.J. Res. 25, Providing for congressional disapproval of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICANS FOR TAX REFORM · lobbying firm or registrant: AMERICANS FOR TAX REFORM
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 22, 2025 · issue area: Banking
$60,000
Spent on own lobbying
…itted by the Bureau of Consumer Financial Protection relating to Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications 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 to Gros…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FILECOIN FOUNDATION · lobbying firm or registrant: FILECOIN FOUNDATION
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · amended · posted Jul 21, 2025 · issue area: Taxation/Internal Revenue Code
$150,000
Spent on own lobbying
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 to "Gro…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
PARADIGM OPERATIONS LP · lobbying firm or registrant: PARADIGM OPERATIONS LP
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Financial Institutions/Investments/Securities
$370,000
Spent on own lobbying
…H.R. 3633, Digital Asset Market Clarity Act of 2025 S. 919, Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (GENIUS Act of 2025) H.J.Res. 25, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal RevenueService relating to "Gros…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
OZONE NETWORKS, INC. D/B/A OPENSEA · lobbying firm or registrant: FRANKLIN SQUARE GROUP, LLC
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 20, 2025 · issue area: Taxation/Internal Revenue Code
$40,000
Paid to lobbying firm
…S Notice 2023-27 on the tax treatment of nonfungible tokens; Monitor tax regulations as they relate to cryptocurrency and digital asset reporting requirements; H.J. Res. 25, Providing for congressional disapproval of the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CRYPTO COUNCIL FOR INNOVATION · lobbying firm or registrant: CRYPTO COUNCIL FOR INNOVATION
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 17, 2025 · issue area: Banking
$330,000
Spent on own lobbying
…ial Technology Protection Act of 2025; Issues related to market structure: H.R. 2365 Securities Clarity Act, H.R.3633 - Digital Asset Market Clarity Act; CRAs: HJ Res. 25, CRA on IRS DeFi Reporting Rule
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICANS FOR TAX REFORM · lobbying firm or registrant: AMERICANS FOR TAX REFORM
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 28, 2025 · issue area: Banking
$60,000
Spent on own lobbying
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 to Gros…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICANS FOR FINANCIAL REFORM · lobbying firm or registrant: AMERICANS FOR FINANCIAL REFORM
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 25, 2025 · issue area: Financial Institutions/Investments/Securities
$150,000
Spent on own lobbying
…ts regulation (stablecoins; banking standards for crypto) Private Markets Transparency and Accountability H.J. Resolution 109 (Rescinding SEC SAB 121 Guidance) 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 to "Gros…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMERICANS FOR FINANCIAL REFORM · lobbying firm or registrant: AMERICANS FOR FINANCIAL REFORM
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 25, 2025 · issue area: Banking
$150,000
Spent on own lobbying
…ts regulation (stablecoins; banking standards for crypto) Private Markets Transparency and Accountability H.J. Resolution 109 (Rescinding SEC SAB 121 Guidance) 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 to "Gros…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
PARADIGM OPERATIONS LP · lobbying firm or registrant: PHRONESISDC, LLC
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 22, 2025 · issue area: Taxation/Internal Revenue Code
$60,000
Paid to lobbying firm
H.J. Res 25 - IRS DeFi Broker Dealer Rule.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
PARADIGM OPERATIONS LP · lobbying firm or registrant: PARADIGM OPERATIONS LP
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Financial Institutions/Investments/Securities
$270,000
Spent on own lobbying
…tter Ledger Economy Act of 2025 (STABLE Act of 2025) S. 919, Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (GENIUS Act of 2025) 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 to "Gro…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FILECOIN FOUNDATION · lobbying firm or registrant: GOLDSTEIN POLICY SOLUTIONS LLC
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Taxation/Internal Revenue Code
$20,000
Paid to lobbying firm
H.J. Res. 25/S.J. Res. 3, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal R…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing