Loading bill breakdown…
S.J.Res. 3119th CongressTaxation
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".
Sponsored by Sen. Ted Cruz (R-TX) · 14 active : 14 Republicans
Latest action: Message received in Senate: Returned to the Senate pursuant to the provisions of H.Res. 212.
Where it standsBefore the Senate6 senators score as swing votes
Passed Senate
- Senate: passedMar 4, 2025
- House: next
- President: not yet
Summary
, via Congress.govThis 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.
How the projections held up
Each member’s recorded vote compared with their swing projection from before the vote. A member by voting against most of their own party.
Senate
On the Joint ResolutionPassed70 yea, 27 nayMarch 4, 2025 · Roll call 102
| BandBand before the vote | VotedVoted yea or nay | BrokeBroke with party | Share |
|---|---|---|---|
| Swing | 4 | 3 | 75% |
| Middle | 56 | 14 | 25% |
| Entrenched | 35 | 2 | 6% |
| All |
Committees and subjects
Committees
- Senate Committee on Finance · SenateDischarged from · Referred to
Subjects
- Administrative law and regulatory procedures
- Congressional oversight
- Currency
- Digital media
- Financial services and investments
- Internal Revenue Service (IRS)
- Tax administration and collection, taxpayers
How the Senate breaks down
- 6Swing 70–100
- 56Middle 30–70
- 38Entrenched 0–30
Members fall into . All 100 senators have enough data to score.
Key players in the Senate
Ranked by swing score, 0–100 · swing-v2Bars show each input from 0 to 100: ideology gap, scorecard gap, . is the seat’s partisan lean, and shows how much of the input data a score has. Where the Senate has voted, each member’s appears with the projection made before it.
Similar past votes, Senate
Earlier behind swing-v3’s inputLoading similar votes
Cosponsors
14 activeShow all 14 cosponsors
- Bill Hagerty (R-TN)
- Cynthia M. Lummis (R-WY)
- Ted Budd (R-NC)
- Thomas Tillis (R-NC)
- Tim Sheehy (R-MT)
- Bernie Moreno (R-OH)
- John R. Curtis (R-UT)
- Mike Lee (R-UT)
- Tom Cotton (R-AR)
- Jim Banks (R-IN)
- Steve Daines (R-MT)
- Marsha Blackburn (R-TN)
- Tim Scott (R-SC)
- David McCormick (R-PA)
How the swing score works
Ideology gapHow far a member’s DW-NOMINATE voting score sits from their party’s median in the same chamber.
Scorecard gapHow far their Heritage Action and LCV ratings stray from their party’s average, using the groups’ votes on similar bills where available.
Cross-pressureHow strongly their district or state leans toward the other party, from our own computed partisan lean.
Similar votesHow often they voted against their own party on earlier roll calls about this bill or similar ones.
Committee bonusMembers of the committees handling the bill decide whether it moves, so they get a boost.
Cosponsor checkThe sponsor and active cosponsors have already committed, so they drop toward entrenched.
