Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to "Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions".

[Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.J. Res. 198 Introduced in House (IH)]

118th CONGRESS 2d Session H. J. RES. 198

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to "Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions".

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IN THE HOUSE OF REPRESENTATIVES

August 2, 2024

Mr. Palmer submitted the following joint resolution; which was referred to the Committee on Ways and Means

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JOINT RESOLUTION

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to "Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions".

Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That Congress disapproves the rule submitted by the Department of the Treasury relating to "Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions" (89 Fed. Reg. 56480 (July 9, 2024)), and such rule shall have no force or effect.