Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule… — Senate Roll Call 150

Motion to Proceed Agreed to in the Senate on March 26, 2025 · 70 Yea, 28 Nay, 2 Not Voting

Question: On the Motion to Proceed H.J.Res. 25

In plain English: Congress is voting to block a new IRS rule that would require brokers to report information about digital asset sales, specifically those involving decentralized finance (DeFi) transactions. This action would prevent the IRS from collecting that specific data from these brokers.

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 by Party

• Republican: 52 Yea, 0 Nay, 1 not voting/present.
• Democrat: 18 Yea, 26 Nay, 1 not voting/present.
• Independent: 0 Yea, 2 Nay.

Members Who Voted Against Their Party

• Angela Alsobrooks (D-MD) voted Yea while most Democrats voted No.
• Cory Booker (D-NJ) voted Yea while most Democrats voted No.
• John Fetterman (D-PA) voted Yea while most Democrats voted No.
• Kirsten Gillibrand (D-NY) voted Yea while most Democrats voted No.
• Martin Heinrich (D-NM) voted Yea while most Democrats voted No.
• John Hickenlooper (D-CO) voted Yea while most Democrats voted No.
• Andy Kim (D-NJ) voted Yea while most Democrats voted No.
• Ben Luján (D-NM) voted Yea while most Democrats voted No.
• Catherine Cortez Masto (D-NV) voted Yea while most Democrats voted No.
• Jon Ossoff (D-GA) voted Yea while most Democrats voted No.
• …and 8 more — see the full breakdown below.

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