S.J.Res. 3 — A joint resolution 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".

S.J.Res. 3 — A joint resolution 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". | JustPolicyThe main purpose of this legislative text is to express Congress's disapproval of a specific rule proposed by the Internal Revenue Service (IRS). This rule pertains to the reporting of gross proceeds by brokers who facilitate the sale of digital assets, such as cryptocurrencies. The objective is to prevent this rule from taking effect, which Congress believes may not be in the best interest of the public or the economy. Key provisions of this resolution include a formal statement of disapproval regarding the IRS rule on gross proceeds reporting.