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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 Senate12 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.
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
Model
Directional: count only breaks toward the other partyWhy do scores change?v3default (selected)v2 model swing-v2
How the Senate breaks down
- 12Swing 70–100
- 58Middle 30–70
- 30Entrenched 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-v3, directional: only movement toward the other party counts, so members who sit further from the center than their party no longer score as swing votes.
Bars show each input from 0 to 100: ideology gap, scorecard gap, , and the . is the seat’s partisan lean, and shows how much of the input data a score has.
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.
