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".

Official summary by the Congressional Research Service (Public Law, Apr 10, 2025).

Our plain-language breakdown, with what it means for you and the case for and against, is written once a bill starts to move.

1. 2025-04-10Became Public Law No: 119-5.Library of Congress
2. 2025-04-10Became Public Law No: 119-5.Library of Congress
3. 2025-04-10Signed by President.Library of Congress
4. 2025-04-10Signed by President.Library of Congress
5. 2025-04-01Presented to President.House floor actions
6. 2025-04-01Presented to President.Library of Congress
7. 2025-03-27Message on Senate action sent to the House.Senate
8. 2025-03-26Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151. Roll call recordSenate
9. 2025-03-26Passed/agreed to in Senate: Passed Senate without amendment by Yea-Nay Vote. 70 - 28. Record Vote Number: 151. Roll call recordLibrary of Congress
10. 2025-03-26Measure laid before Senate by motion. (consideration: CR S1856-1864)Senate
11. 2025-03-26Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 70 - 28. Record Vote Number: 150. Roll call recordSenate
12. 2025-03-12Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 27.Senate
13. 2025-03-11Motion to reconsider laid on the table Agreed to without objection.House floor actions
14. 2025-03-11On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099) Roll call recordHouse floor actions
15. 2025-03-11Passed/agreed to in House: On passage Passed by the Yeas and Nays: 292 - 132, 1 Present (Roll no. 71). (text: CR H1099) Roll call recordLibrary of Congress
16. 2025-03-11Considered as unfinished business. (consideration: CR H1126)House floor actions
17. 2025-03-11POSTPONED PROCEEDINGS - At the conclusion of debate on H.J. Res. 25, the Chair put the question on passage of the joint resolution and by voice vote announced that the ayes had prevailed. Mr. Davis (IL) demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.House floor actions
18. 2025-03-11The previous question was ordered pursuant to the rule.House floor actions
19. 2025-03-11DEBATE - The House proceeded with one hour of debate on H.J. Res. 25.House floor actions
20. 2025-03-11Rule provides for consideration of H.J. Res. 25, H.R. 1156 and H.R. 1968. The resolution provides for consideration of H.J. Res. 25, H.R. 1156, and H.R. 1968 under a closed rule. Also, the resolution provides for one hour of general debate and one motion to recommit on each measure.House floor actions
21. 2025-03-11Considered under the provisions of rule H. Res. 211. (consideration: CR H1099-1102)House floor actions
22. 2025-03-11Rules Committee Resolution H. Res. 211 Reported to House. Rule provides for consideration of H.J. Res. 25, H.R. 1156 and H.R. 1968. The resolution provides for consideration of H.J. Res. 25, H.R. 1156, and H.R. 1968 under a closed rule. Also, the resolution provides for one hour of general debate and one motion to recommit on each measure.House floor actions
23. 2025-02-28Placed on the Union Calendar, Calendar No. 3.House floor actions
24. 2025-02-28Reported by the Committee on Ways and Means. H. Rept. 119-7.House floor actions
25. 2025-02-28Reported by the Committee on Ways and Means. H. Rept. 119-7.Library of Congress
26. 2025-02-26Ordered to be Reported by the Yeas and Nays: 26 - 16.House committee actions
27. 2025-02-26Committee Consideration and Mark-up Session HeldHouse committee actions
28. 2025-01-21Referred to the House Committee on Ways and Means.House floor actions
29. 2025-01-21Introduced in HouseLibrary of Congress
30. 2025-01-21Introduced in HouseLibrary of Congress

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Since it became law on Apr 10, 2025, the Federal Register, the government's daily record of rules and notices, has published 2 documents that name it: 1 final rule and 1 notice.

Named in the body of the document

The quote shows how each one uses the law: as the reason for a change, as background, or in passing.

1. NoticeJan 28, 2026Management and Budget Office
   Notice; 2025 Statutory Pay-As-You-Go Act Annual Report

   …Emissions Charge for Petroleum and Natural Gas Systems: Procedures for Facilitating Compliance, Including Netting and Exemptions." Public Law 119-4, Full-Year Continuing Appropriations and Extensions Act, 2025; Public Law 119-5, 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…

2. Final ruleJul 11, 2025Internal Revenue Service, Treasury Department
   Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales

   The President signed the joint resolution of disapproval into law as Public Law 119-5 on April 10, 2025.

   In effect since Jul 11, 2025 · Changes 26 CFR part 1

Found by searching the Federal Register for Public Law 119-5 and the law's names, then reading each document: every one listed contains them, and the quote is its own words. An agency can carry out a law without naming it, so this list can miss some. Checked Oct 27, 2026. Every new law's rules

Cosponsors

• Jeff Crank R-CO-5
• Warren Davidson R-OH-8
• Troy Downing R-MT-2
• Tom Emmer R-MN-6
• David Kustoff R-TN-8
• Zachary Nunn R-IA-3
• Claudia Tenney R-NY-24
• Shri Thanedar D-MI-13
• William R. Timmons IV R-SC-4