Declares that Senate Joint Resolution 3, which seeks to overturn an IRS rule on broker reporting of digital asset sales, violates the Constitution's revenue-origination clause and infringes House privileges, and sends it back to the Senate.

Official title: Returning Senate Joint Resolution 3 to the Senate.

Outcome Agreed to by the House

Timeline each lane is a chamber; dates pull from congress.gov actions

House

Passed 11-MAR-2025

Key points

Finds that Senate Joint Resolution 3, a congressional disapproval of an IRS rule on gross proceeds reporting by brokers of digital asset sales, contravenes the first clause of Article I, Section 7 of the Constitution.
States that the Senate joint resolution is an infringement of the privileges of the House.
Directs that the Senate joint resolution be returned to the Senate with a message communicating this resolution.

AI-generated from the Engrossed in House text of 11-MAR-2025 · verify · report an error

Official CRS summary

No CRS summary yet. CRS writes one for most bills, often months after they move.

CRS is the Library of Congress's nonpartisan research office. Check on congress.gov

Committee referrals (0)

No committee referrals on file.

Policy area

Taxation

Sponsor Jason Smith (R-MO) Cosponsors · 0

No cosponsors.

congress.gov page Engrossed in House (11-MAR-2025)