This resolution would wipe out a specific IRS rule on reporting gross proceeds from digital asset sales. It does not create a new tax system or replacement rule. The Senate passed it on March 4, 2025, but it still needs more action to become law.
Modern Action explains what the legislation does, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
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". is a House bill awaiting final action. The latest recorded action: Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
Latest action on S.J.Res. 3: Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
Who this affects: The resolution mainly affects digital asset brokers, taxpayers who buy and sell digital assets, and the IRS. Its practical effect would depend on whether the resolution becomes law and whether anything later replaces the blocked rule.
Why this matters: This matters because it could change what transaction information the IRS receives about digital asset sales and how that information gets reported. That affects tax enforcement, taxpayer recordkeeping, and compliance costs for brokers. The full real-world effect is uncertain because the resolution does not create a replacement system, and some older rules or interpretations could still stay in place.
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Officially: 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 would wipe out a specific IRS rule on reporting gross proceeds from digital asset sales. It does not create a new tax system or replacement rule. The Senate passed it on March 4, 2025, but it still needs more action to become law.
Use this page to support, oppose, or ask Congress to amend S.J.RES.3. Modern Action explains what the bill does, helps identify the right senators or representative, and drafts a bill-specific message you can edit and send.
Where it stands
Passed Senate. Now before the House.
This is the moment to act.
↓ Why your message matters here
This bill passed the Senate and is now before the House — this is the moment to act.
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Where this bill is in the process
Introduced
Introduced in Senate
Senate Committee
Under Senate committee consideration
Senate Floor Vote
Voted on by Senate
Passed Senate
Approved by Senate
House Review
Sent to House for consideration
Latest: Held at the Desk (3/10/2025)
Passed Both Chambers
Approved by both House and Senate
Signed into Law
Signed by the President
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This page gives you an opportunity to support, oppose, or ask for changes to 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"., then contact the elected officials who can act. Modern Action drafts the message from your position and the reasons you select.
Modern Action keeps the action tied to the bill itself: what it does, where it is in the process (desk), which office can still act, and what ask belongs in the message.
You are not starting from a blank form. Modern Action drafts the message around S.J.RES.3, your stance, and the reasons you choose, then lets you edit and send when ready.