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House Returns Senate Resolution on Digital Asset Reporting.

The House of Representatives resolved to return Senate Joint Resolution 3 to the Senate. The Senate resolution sought to disapprove an IRS rule regarding gross proceeds reporting by digital asset brokers. The House determined that the measure violates the Origination Clause of the Constitution and infringes on the privileges of the House.
Key points
The House is returning Senate Joint Resolution 3, which related to disapproving an IRS rule on digital asset reporting.
The House cites that the Senate resolution contravenes the first clause of the seventh section of the first article of the Constitution.
The resolution is declared an infringement of the privileges of the House of Representatives.
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Adopted
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Additional Information
Print number: 119_HRES_212
Sponsor: Rep. Smith, Jason [R-MO-8]
Process start date: 2025-03-11