H.J.Res. 25 · 119th Congress · enacted
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".
Became Public Law No: 119-5.
Latest official action 2025-04-10 · Enacted
The bill, briefly
This joint resolution nullifies requirements for persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the Internal Revenue Service (IRS). Specifically, the joint resolution nullifies the requirements included in the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the IRS on December 30, 2024. Decentralized finance refers to the suite of financial activities and services that are facilitated by cryptocurrency and intended to be conducted without any sort of reliance on traditional financial tools or intermediaries.
Congressional Research Service · 2025-04-10
Who reported lobbying on this bill?
Amount spent specifically on this bill: not disclosed
The reports below name this bill and disclose an organization’s overall lobbying expenses or a firm’s client income for the period. They can cover many bills and issues. These amounts are not payments to the bill or its politicians.
No matching lobbying report is imported yet. This is not evidence that no lobbying occurred.
2,409 latest lobbying reports imported. Some source imports are still in progress.
Politicians behind the bill
Sponsors and cosponsors from the official source, limited to members currently in office. Campaign amounts are cycle-wide and are not payments for this bill.
Sponsor
Mike Carey
House · OH District 15 · Republican
$1,780,511PAC receipts · 2025–2026
Cosponsor
Tom Emmer
House · MN District 6 · Republican
$2,367,244PAC receipts · 2025–2026
Cosponsor
Warren Davidson
House · OH District 8 · Republican
$281,900PAC receipts · 2025–2026
Cosponsor
Jeff Crank
House · CO District 5 · Republican
$796,534PAC receipts · 2025–2026
Cosponsor
Claudia Tenney
House · NY District 24 · Republican
$1,153,058PAC receipts · 2025–2026
Cosponsor
Shri Thanedar
House · MI District 13 · Democratic
$67,994PAC receipts · 2025–2026
Cosponsor
Zachary Nunn
House · IA District 3 · Republican
$1,733,964PAC receipts · 2025–2026
Cosponsor
David Kustoff
House · TN District 8 · Republican
$1,055,244PAC receipts · 2025–2026
Cosponsor
William R. Timmons IV
House · SC District 4 · Republican
$659,994PAC receipts · 2025–2026
Cosponsor
Troy Downing
House · MT District 2 · Republican
$753,694PAC receipts · 2025–2026
9 of 9 source cosponsor records retrieved; only current officials and unwithdrawn sponsorships appear.
PAC donors to the listed sponsors
These are all-cycle contributions to the listed sponsors’ and cosponsors’ campaigns. FEC does not attribute them to this bill. A donation plus sponsorship does not establish why a politician acted.
AMERICAN BANKERS ASSOCIATION PAC (BANKPAC)$84,500
Mike Carey · Sponsor · $10,000
Tom Emmer · Cosponsor · $10,000
Warren Davidson · Cosponsor · $7,500
Jeff Crank · Cosponsor · $4,500
Claudia Tenney · Cosponsor · $10,000
Shri Thanedar · Cosponsor · $2,500
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $10,000
William R. Timmons IV · Cosponsor · $10,000
Troy Downing · Cosponsor · $10,000
Official PAC recordERNST & YOUNG POLITICAL ACTION COMMITTEE$80,000
Mike Carey · Sponsor · $10,000
Tom Emmer · Cosponsor · $10,000
Warren Davidson · Cosponsor · $5,000
Jeff Crank · Cosponsor · $5,000
Claudia Tenney · Cosponsor · $10,000
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $10,000
William R. Timmons IV · Cosponsor · $10,000
Troy Downing · Cosponsor · $10,000
Official PAC recordNEW YORK LIFE INSURANCE COMPANY POLITICAL ACTION COMMITTEE$65,000
Mike Carey · Sponsor · $10,000
Tom Emmer · Cosponsor · $10,000
Claudia Tenney · Cosponsor · $7,500
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $7,500
William R. Timmons IV · Cosponsor · $10,000
Troy Downing · Cosponsor · $10,000
Official PAC recordUBS AMERICAS INC. POLITICAL ACTION COMMITTEE (UBS PAC)$65,000
Mike Carey · Sponsor · $5,000
Tom Emmer · Cosponsor · $10,000
Warren Davidson · Cosponsor · $10,000
Claudia Tenney · Cosponsor · $5,000
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $10,000
William R. Timmons IV · Cosponsor · $10,000
Troy Downing · Cosponsor · $5,000
Official PAC recordNATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS POLITICAL ACTION COMM$64,000
Mike Carey · Sponsor · $10,000
Tom Emmer · Cosponsor · $10,000
Warren Davidson · Cosponsor · $5,000
Claudia Tenney · Cosponsor · $10,000
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $10,000
William R. Timmons IV · Cosponsor · $6,500
Troy Downing · Cosponsor · $2,500
Official PAC recordAMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS POLITICAL ACTION COMMITTEE$62,500
Mike Carey · Sponsor · $10,000
Tom Emmer · Cosponsor · $7,500
Warren Davidson · Cosponsor · $5,000
Jeff Crank · Cosponsor · $7,500
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $5,000
William R. Timmons IV · Cosponsor · $10,000
Troy Downing · Cosponsor · $7,500
Official PAC recordBUILD POLITICAL ACTION COMMITTEE OF THE NATIONAL ASSOCIATION OF HOME BUILDERS (BUILDPAC)$60,500
Mike Carey · Sponsor · $10,000
Tom Emmer · Cosponsor · $5,000
Warren Davidson · Cosponsor · $3,000
Jeff Crank · Cosponsor · $6,000
Claudia Tenney · Cosponsor · $7,000
Shri Thanedar · Cosponsor · $2,500
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $3,500
William R. Timmons IV · Cosponsor · $3,500
Troy Downing · Cosponsor · $10,000
Official PAC recordAMERICAN ISRAEL PUBLIC AFFAIRS COMMITTEE POLITICAL ACTION COMMITTEE$60,446
Mike Carey · Sponsor · $9,994
Tom Emmer · Cosponsor · $10,494
Jeff Crank · Cosponsor · $9,994
Claudia Tenney · Cosponsor · $4,994
Shri Thanedar · Cosponsor · $4,994
Zachary Nunn · Cosponsor · $4,994
David Kustoff · Cosponsor · $4,994
William R. Timmons IV · Cosponsor · $4,994
Troy Downing · Cosponsor · $4,994
Official PAC recordAMERICAN COUNCIL OF LIFE INSURERS POLITICAL ACTION COMMITTEE$60,000
Mike Carey · Sponsor · $8,500
Tom Emmer · Cosponsor · $8,500
Warren Davidson · Cosponsor · $1,000
Claudia Tenney · Cosponsor · $10,000
Zachary Nunn · Cosponsor · $9,000
David Kustoff · Cosponsor · $10,000
William R. Timmons IV · Cosponsor · $3,000
Troy Downing · Cosponsor · $10,000
Official PAC recordDELOITTE POLITICAL ACTION COMMITTEE$59,500
Mike Carey · Sponsor · $9,500
Tom Emmer · Cosponsor · $10,000
Warren Davidson · Cosponsor · $2,500
Jeff Crank · Cosponsor · $5,000
Claudia Tenney · Cosponsor · $5,000
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $2,500
William R. Timmons IV · Cosponsor · $7,500
Troy Downing · Cosponsor · $7,500
Official PAC recordMORTGAGE BANKERS ASSOCIATION POLITICAL ACTION COMMITTEE (MORPAC)$57,500
Mike Carey · Sponsor · $7,500
Tom Emmer · Cosponsor · $10,000
Warren Davidson · Cosponsor · $5,000
Claudia Tenney · Cosponsor · $5,000
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $10,000
William R. Timmons IV · Cosponsor · $7,000
Troy Downing · Cosponsor · $3,000
Official PAC recordPRICEWATERHOUSECOOPERS POLITICAL ACTION COMMITTEE I$57,000
Mike Carey · Sponsor · $6,500
Tom Emmer · Cosponsor · $5,000
Claudia Tenney · Cosponsor · $10,000
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $6,000
William R. Timmons IV · Cosponsor · $7,500
Troy Downing · Cosponsor · $12,000
Official PAC recordMR. SOUTHERN MISSOURIAN IN THE HOUSE PAC$55,000
Mike Carey · Sponsor · $10,000
Jeff Crank · Cosponsor · $10,000
Claudia Tenney · Cosponsor · $10,000
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $10,000
Troy Downing · Cosponsor · $5,000
Official PAC recordNATIONAL ASSOCIATION OF REALTORS POLITICAL ACTION COMMITTEE$55,000
Mike Carey · Sponsor · $5,000
Tom Emmer · Cosponsor · $5,000
Warren Davidson · Cosponsor · $5,000
Jeff Crank · Cosponsor · $10,000
Claudia Tenney · Cosponsor · $5,000
Shri Thanedar · Cosponsor · $5,000
Zachary Nunn · Cosponsor · $5,000
David Kustoff · Cosponsor · $5,000
William R. Timmons IV · Cosponsor · $5,000
Troy Downing · Cosponsor · $5,000
Official PAC recordNATIONAL MULTIFAMILY HOUSING COUNCIL AND REAL ESTATE TECHNOLOGY AND TRANSFORMATION CENTER POLITICAL ACTION COMMITTEE (NMHC PAC)$55,000
Mike Carey · Sponsor · $10,000
Tom Emmer · Cosponsor · $5,000
Warren Davidson · Cosponsor · $5,000
Claudia Tenney · Cosponsor · $10,000
Zachary Nunn · Cosponsor · $5,000
David Kustoff · Cosponsor · $10,000
William R. Timmons IV · Cosponsor · $5,000
Troy Downing · Cosponsor · $5,000
Official PAC recordTHE COUNCIL OF INSURANCE AGENTS & BROKERS POLITICAL ACTION COMMITTEE$55,000
Mike Carey · Sponsor · $5,000
Tom Emmer · Cosponsor · $5,000
Warren Davidson · Cosponsor · $5,000
Jeff Crank · Cosponsor · $2,500
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $10,000
William R. Timmons IV · Cosponsor · $7,500
Troy Downing · Cosponsor · $10,000
Official PAC recordINDEPENDENT INSURANCE AGENTS & BROKERS OF AMERICA, INC. POLITICAL ACTION COMMITTEE (INSURPAC)$52,500
Mike Carey · Sponsor · $9,000
Tom Emmer · Cosponsor · $5,000
Warren Davidson · Cosponsor · $1,000
Jeff Crank · Cosponsor · $2,500
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $10,000
William R. Timmons IV · Cosponsor · $6,500
Troy Downing · Cosponsor · $8,500
Official PAC recordREGIONS FINANCIAL CORPORATION POLITICAL ACTION COMMITTEE$52,500
Tom Emmer · Cosponsor · $10,000
Warren Davidson · Cosponsor · $10,000
Claudia Tenney · Cosponsor · $1,000
Zachary Nunn · Cosponsor · $7,000
David Kustoff · Cosponsor · $10,000
William R. Timmons IV · Cosponsor · $10,000
Troy Downing · Cosponsor · $4,500
Official PAC recordTHE HOME DEPOT INC. POLITICAL ACTION COMMITTEE$51,500
Mike Carey · Sponsor · $7,500
Tom Emmer · Cosponsor · $10,000
Jeff Crank · Cosponsor · $5,000
Claudia Tenney · Cosponsor · $5,000
Zachary Nunn · Cosponsor · $7,500
David Kustoff · Cosponsor · $5,000
William R. Timmons IV · Cosponsor · $9,000
Troy Downing · Cosponsor · $2,500
Official PAC recordUNITED SERVICES AUTOMOBILE ASSOCIATION EMPLOYEE PAC - USAA EMPLOYEE PAC$48,500
Mike Carey · Sponsor · $5,500
Tom Emmer · Cosponsor · $10,000
Claudia Tenney · Cosponsor · $2,500
Zachary Nunn · Cosponsor · $5,000
David Kustoff · Cosponsor · $10,000
William R. Timmons IV · Cosponsor · $5,500
Troy Downing · Cosponsor · $10,000
Official PAC recordIN THE ARENA PAC$47,500
Mike Carey · Sponsor · $2,500
Tom Emmer · Cosponsor · $5,000
Warren Davidson · Cosponsor · $5,000
Claudia Tenney · Cosponsor · $5,000
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $5,000
William R. Timmons IV · Cosponsor · $10,000
Troy Downing · Cosponsor · $5,000
Official PAC recordNATIONAL CATTLEMEN'S BEEF ASSOCIATION POLITICAL ACTION COMMITTEE (NCBA-PAC)$47,500
Mike Carey · Sponsor · $7,500
Tom Emmer · Cosponsor · $10,000
Jeff Crank · Cosponsor · $10,000
Zachary Nunn · Cosponsor · $10,000
Troy Downing · Cosponsor · $10,000
Official PAC recordCRH AMERICAS, INC. PAC$46,500
Mike Carey · Sponsor · $7,500
Tom Emmer · Cosponsor · $2,500
Claudia Tenney · Cosponsor · $5,000
David Kustoff · Cosponsor · $9,500
William R. Timmons IV · Cosponsor · $20,000
Troy Downing · Cosponsor · $2,000
Official PAC recordAMERICA'S CREDIT UNIONS PAC$45,500
Tom Emmer · Cosponsor · $5,000
Warren Davidson · Cosponsor · $7,000
Jeff Crank · Cosponsor · $5,000
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $10,000
William R. Timmons IV · Cosponsor · $5,000
Troy Downing · Cosponsor · $3,500
Official PAC recordAMERICAN REVIVAL PAC$45,000
Mike Carey · Sponsor · $10,000
Jeff Crank · Cosponsor · $10,000
Claudia Tenney · Cosponsor · $10,000
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $5,000
Official PAC recordAFLAC POLITICAL ACTION COMMITTEE (AFLAC PAC)$44,500
Mike Carey · Sponsor · $6,000
Tom Emmer · Cosponsor · $10,000
Jeff Crank · Cosponsor · $1,000
Claudia Tenney · Cosponsor · $7,500
Zachary Nunn · Cosponsor · $5,000
David Kustoff · Cosponsor · $5,000
William R. Timmons IV · Cosponsor · $5,000
Troy Downing · Cosponsor · $5,000
Official PAC recordNATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION AMERICA'S ELECTRIC COOPERATIVES PAC$42,500
Mike Carey · Sponsor · $8,000
Tom Emmer · Cosponsor · $3,000
Jeff Crank · Cosponsor · $5,000
Claudia Tenney · Cosponsor · $4,000
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $4,500
William R. Timmons IV · Cosponsor · $5,000
Troy Downing · Cosponsor · $3,000
Official PAC recordSPACE EXPLORATION TECHNOLOGIES CORP. PAC$42,500
Tom Emmer · Cosponsor · $10,000
Jeff Crank · Cosponsor · $10,000
Claudia Tenney · Cosponsor · $10,000
William R. Timmons IV · Cosponsor · $10,000
Troy Downing · Cosponsor · $2,500
Official PAC recordAMERICAN COUNCIL OF ENGINEERING COMPANIES (ACEC/PAC)$42,000
Mike Carey · Sponsor · $10,000
Tom Emmer · Cosponsor · $10,000
Claudia Tenney · Cosponsor · $5,000
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $7,500
William R. Timmons IV · Cosponsor · -$500
Official PAC recordNATIONAL APARTMENT ASSOCIATION POLITICAL ACTION COMMITTEE$42,000
Tom Emmer · Cosponsor · $10,000
Claudia Tenney · Cosponsor · $5,000
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $2,000
William R. Timmons IV · Cosponsor · $10,000
Troy Downing · Cosponsor · $5,000
Official PAC recordMORGAN STANLEY POLITICAL ACTION COMMITTEE$41,500
Mike Carey · Sponsor · $7,500
Tom Emmer · Cosponsor · $2,500
Warren Davidson · Cosponsor · $2,000
Claudia Tenney · Cosponsor · $5,000
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $2,500
William R. Timmons IV · Cosponsor · $5,000
Troy Downing · Cosponsor · $7,000
Official PAC recordAMERICAN CRYSTAL SUGAR COMPANY POLITICAL ACTION COMMITTEE$40,000
Mike Carey · Sponsor · $5,000
Tom Emmer · Cosponsor · $10,000
Jeff Crank · Cosponsor · $5,000
Zachary Nunn · Cosponsor · $5,000
William R. Timmons IV · Cosponsor · $10,000
Troy Downing · Cosponsor · $5,000
Official PAC recordELECTING MAJORITY MAKING EFFECTIVE REPUBLICANS PAC$40,000
Mike Carey · Sponsor · $5,000
Warren Davidson · Cosponsor · $5,000
Jeff Crank · Cosponsor · $5,000
Claudia Tenney · Cosponsor · $5,000
Zachary Nunn · Cosponsor · $5,000
David Kustoff · Cosponsor · $5,000
William R. Timmons IV · Cosponsor · $5,000
Troy Downing · Cosponsor · $5,000
Official PAC recordHONEYWELL INTERNATIONAL INC. TECHNOLOGIES PUBLIC AFFAIRS COUNCIL (HONPAC)$39,500
Mike Carey · Sponsor · $7,000
Tom Emmer · Cosponsor · $10,000
Claudia Tenney · Cosponsor · $6,000
Shri Thanedar · Cosponsor · $6,500
Zachary Nunn · Cosponsor · $2,000
David Kustoff · Cosponsor · $4,500
William R. Timmons IV · Cosponsor · $2,000
Troy Downing · Cosponsor · $1,500
Official PAC recordNATIONAL BEER WHOLESALERS ASSOCIATION POLITICAL ACTION COMMITTEE$39,500
Mike Carey · Sponsor · $5,000
Tom Emmer · Cosponsor · $5,000
Warren Davidson · Cosponsor · $2,500
Jeff Crank · Cosponsor · $8,500
Zachary Nunn · Cosponsor · $8,500
David Kustoff · Cosponsor · $5,000
William R. Timmons IV · Cosponsor · $2,500
Troy Downing · Cosponsor · $2,500
Official PAC recordAMERICAN FINANCIAL SERVICES ASSOCIATION PAC$39,000
Tom Emmer · Cosponsor · $7,500
Warren Davidson · Cosponsor · $3,000
Zachary Nunn · Cosponsor · $5,500
David Kustoff · Cosponsor · $5,500
William R. Timmons IV · Cosponsor · $10,000
Troy Downing · Cosponsor · $7,500
Official PAC recordCAPITAL ONE FINANCIAL CORP. ASSOC. POLITICAL FUND$38,500
Mike Carey · Sponsor · $10,000
Tom Emmer · Cosponsor · $5,000
Warren Davidson · Cosponsor · $2,500
Claudia Tenney · Cosponsor · $1,000
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $2,500
William R. Timmons IV · Cosponsor · $1,500
Troy Downing · Cosponsor · $6,000
Official PAC recordMANAGED FUNDS ASSOCIATION POLITICAL ACTION COMMITTEE$38,500
Mike Carey · Sponsor · $2,500
Tom Emmer · Cosponsor · $10,000
Warren Davidson · Cosponsor · $5,000
Zachary Nunn · Cosponsor · $10,000
William R. Timmons IV · Cosponsor · $5,000
Troy Downing · Cosponsor · $6,000
Official PAC recordKOCH, INC. POLITICAL ACTION COMMITTEE (KOCHPAC)$38,000
Mike Carey · Sponsor · $5,000
Tom Emmer · Cosponsor · $5,000
Jeff Crank · Cosponsor · $10,000
Claudia Tenney · Cosponsor · $5,500
Zachary Nunn · Cosponsor · $10,000
David Kustoff · Cosponsor · $2,500
Official PAC recordNATIONAL AUTOMOBILE DEALERS ASSOCIATION POLITICAL ACTION COMMITTEE$37,500
Mike Carey · Sponsor · $10,000
Tom Emmer · Cosponsor · $10,000
Jeff Crank · Cosponsor · $5,000
Claudia Tenney · Cosponsor · -$2,500
David Kustoff · Cosponsor · $0
William R. Timmons IV · Cosponsor · $5,000
Troy Downing · Cosponsor · $10,000
Official PAC recordThe largest 40 donor totals appear here. Open each politician for their complete, paginated PAC donor list.
What happened after enactment?
Dated agency-reported implementation and uptake measures are shown with their scope. They do not by themselves establish causal success. If no evidence is listed, the outcome is not established.
Measured outcome: not established
Enactment alone does not show whether a law improved its intended outcome. We need a dated evaluation, observed result or verified implementation record before claiming success or failure.