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IRS rule disapproved: Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating… › Provision 1

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”

Provision 1 ·  1 ·

What this chapter is about

This law kills a rule. The IRS made the rule. It was about reports on digital asset sales. The rule no longer applies.

1 proposal indexed from this chapter.

The document says “shall not”Who acts: CongressHow: statute 1 in the PDF
What the document says

“Congress disapproves the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales" (89 Fed. Reg. 106928 (December 30, 2024)), and such rule shall have no force or effect.”

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”,  1

A resolution of disapproval under chapter 8 of title 5 of the United States Code, the Congressional Review Act. It names the rule by the title the agency gave it and by where the rule was published, and it states no reason. What the rule itself required is not described here, because that rule is not one of the documents this site has indexed.

What the document actually says

“Congress disapproves the rule submitted by the Internal Revenue Service relating to "Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales" (89 Fed. Reg. 106928 (December 30, 2024)), and such rule shall have no force or effect.”

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”,  1
That sentence, in plain words

Congress votes down a rule about reports on digital asset sales. The rule now has no force.

What this is about

The IRS wrote a rule about reports on digital asset sales. Congress voted to undo it. The rule is dead. It binds no one now. Congress used a law that lets it undo a new rule within a set time.

No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.

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How to cite this
  1. The document itself

    IRS rule disapproved: Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating…, Public Law 119-5, sec. 1, 139 Stat. 48 (2025).
    https://www.govinfo.gov/content/pkg/PLAW-119publ5/html/PLAW-119publ5.htm

  2. This page

    “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”,” IRS rule disapproved: Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating…, provision 1. Read the Mandate, https://readthemandate.org/pl-119-5/provision-1/ (retrieved October 10, 2026).

Cite the document when the claim is about what the document says. Cite this page when the indexing, the wording or the record of what has happened is what is being relied on.

What This Page Covers, and What It Leaves Out

The one thing the resolution does: it names a rule and deprives it of force.

The rule being disapproved. It is an agency rule published in the Federal Register, not this law, and it is named here rather than summarized.

The resolution gives no reason for the disapproval, so none is recorded. Members' reasons, where they gave any, are in their floor remarks rather than in the law.