VoterlyS.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 Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales".
119th Congress · Sponsored from Texas · In progress
What this bill does
This joint resolution nullifies the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the Internal Revenue Service (IRS) on December 30, 2024. The rule generally requires persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the IRS.
Key facts
- Status In progress
- Introduced 2025-01-21
- Policy area Taxation
- Cosponsors 14
- Latest action Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
Sponsor
Who funds the sponsor?
Sen. Cruz, Ted [R-TX] introduced S.J.Res. 3. On Voterly you can see their top campaign donors from public Federal Election Commission records — individuals, PACs, and industry groups (follow the money) — and compare that with how they vote.
See Sen. Cruz, Ted [R-TX]'s donors & voting record →
Campaign donations show who helps fund the sponsor's election; they are not the same as who drafted or lobbied for the bill text. Lobbying disclosures are separate public records.
Take a position & compare alignment
Agree or disagree with S.J.Res. 3? Go to the homepage to record your view and compare your stance with how your representatives vote. See Sen. Cruz, Ted [R-TX]'s profile to vote on their bills and check your alignment % with the sponsor.
Read the official text on Congress.gov →
Frequently asked questions
What does S.J.Res. 3 do?
This joint resolution nullifies the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the Internal Revenue Service (IRS) on December 30, 2024. The rule generally requires persons effectuating decentraliz…
Who sponsored S.J.Res. 3?
Sen. Cruz, Ted [R-TX] (R) of Texas is the lead sponsor.
How do I find out who funds or lobbies for S.J.Res. 3?
Campaign-finance records (Federal Election Commission) show who funds the bill's sponsor. Separately, federal lobbying disclosures filed under the Lobbying Disclosure Act list the companies and lobbyists who reported lobbying on specific bills. Voterly links the sponsor's donors; lobbying records are public at the U.S. Senate and House lobbying databases.
Is S.J.Res. 3 now law?
Not yet. The current status is "In progress." See the latest action above for details.