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Digital asset and disaster tax bills

Members consider three bills to cancel an IRS digital-asset reporting rule and change tax deadlines and refund calculations after disasters.

Wed, Feb 26, 2025 · 10:00 AM – 1:10 PM ET · Longworth 1100Longworth House Office Building, Room 1100Chair Jason Smith R-MO-8Ranking Richard E. Neal D-MA-1
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Bill by bill

H.J.Res. 25 · SPONSOR MIKE CAREY R-OH-15

Overturning the IRS rule on digital asset broker reporting

  • Nullifies the DeFi reporting rule: The law disapproves the IRS rule titled "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales," so the rule has no force or effect. The rule would have required persons effectuating decentralized finance transactions to report certain information about digital asset sales to the IRS
  1. Introduced
  2. In committee
  3. Reported
  4. Passed House
  5. Passed Senate
  6. Law

What’s next: Became law on Apr 10.

RESULTS NOT POSTED YET
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What happens now

  1. Markup noticed, not yet
  2. Markup held, doneFEB 26, 2025
  3. Committee vote, not yetRESULTS NOT POSTED YET

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Data: Congress.gov committee meetings and bill actions · House Committee Repository · senate.gov · committee roll-call sheets