Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule

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 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.

VOTE BREAKDOWN

Final passage · 522 politicians tracked

356

YEA

157

NAY

PRESENT

NOT VOTING

Dem YEA 90Dem NAY 155Ind YEA 1Ind NAY 2Rep YEA 265

BY PARTY · ✕ NAY ← | → YEA ✓

REP

265

DEM

155

IND

MONEY ON THIS BILL

Which donor industries fund each side of the vote — total contributions from that industry to those members, all cycles · plus lobbying activity in affected industries

⬆ YEA voters — top donor industries

1. Lawyers & Lobbyists$241.5M
2. Securities & Investment$188.0M
3. Health Services$152.3M

⬇ NAY voters — top donor industries

1. Lawyers & Lobbyists$115.6M
2. Health Services$72.2M
3. Securities & Investment$65.0M

◎ Lobbying activity by issue area

securities1,000 filings

Dollar figures are each industry's total contributions to those members across all tracked cycles — not money given for this specific bill. Statistical patterns in public records; correlation, not causation.

LOBBYING ON THIS BILL

42 federal lobbying reports name this bill in their activity descriptions · LDA disclosures

BLOCKCHAIN ASSOCIATION8 reports

DIGITAL CURRENCY GROUP6 reports

OZONE NETWORKS, INC. D/B/A OPENSEA5 reports

AMERICANS FOR TAX REFORM4 reports

PARADIGM OPERATIONS LP3 reports

SOLANA POLICY INSTITUTE3 reports

FILECOIN FOUNDATION3 reports

AMERICAN FEDERATION OF STATE COUNTY AND MUNICIPAL EMPLOYEES2 reports

⟳ The revolving door — lobbyists on this bill with disclosed former government roles

Jessica MartinezEx. Director, U.S. Joint Economic Committee, Sen. Heinrich; Deputy Chief of Staff, Leg. Director, Rep. Veasey; Confidential Assistant and Special Advisor, FCC Comm. Rosenworcel; Coordinator, House Committee on Energy and Commerce, Rep. Pallonefor BLOCKCHAIN ASSOCIATION

Summer MersingerCommissioner, CFTC; Chief of Staff, CFTC Commissioner Stump; Director, Office of Legislative Affairs, CFTC; Executive Director, General Counsel, DC Chief of Staff, Senator Thunefor BLOCKCHAIN ASSOCIATION

Ryan EaganLegislative Aide, Office of Senate Majority Leader Charles Schumer; Legislative Correspondent, Office of the Senate Minority Leader Charles Schumer; Correspondent Assistant, Office of Senator Charles Schumer; March 2015 - Jan 2024for CRYPTO COUNCIL FOR INNOVATION

Ashok PintoCounselor; US Dept of Treasury; Chief Investigative Counsel, Senate Commerce, Science, and Trans Comm.; Counsel/ Deputy/ Chief Counsel, Investigations; House Oversight Comm.; Special Counsel; Senate Judiciary Comm.; Associate/ Deputy Counsel, WHfor BLOCKCHAIN ASSOCIATION

Jason MulvihillU.S. Senate Staffer (2005-2010)for LEDGER

Tiffany AnguloSr. Policy and Outreach Advisor- Joint Economic Committee; LD, Policy Advisor, LA, LC, Staff Assistant, Intern - US Housefor DIGITAL CURRENCY GROUP

“Covered position” is the former government job lobbyists must disclose by law (LDA §4). Prior service is stated on the filings; it carries no implication of wrongdoing. Full revolving-door board →