Floor SpeechNeutral2025-03-26

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...

Foreign Policy

Context

On 2025-03-26, Senator Mike Crapo (R-ID) delivered a floor speech titled "PROVIDING FOR CONGRESSIONAL DISAPPROVAL UNDER CHAPTER 8 OF TITLE 5, UNITED STATES CODE, OF THE RULE SUBMITTED BY THE INT" in the Senate. The speech addressed foreign policy. It referenced legislation including S1856, HJRES25.

Full Text

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...

Congressional Record, Volume 171 Issue 55 (Wednesday, March 26, 2025) [Congressional Record Volume 171, Number 55 (Wednesday, March 26, 2025)] [Senate] [Page S1856] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] 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''--Motion to Proceed Mr. THUNE. I move to proceed to Calendar No. 27, H.J. Res. 25. The PRESIDING OFFICER. The clerk will report the motion. The senior assistant executive clerk read as follows: Motion to proceed to Calendar No. 27, H.J. Res. 25, 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''. Vote on Motion The PRESIDING OFFICER. The question is on agreeing to the motion. Mr. CRAPO. I ask for the yeas and nays. The PRESIDING OFFICER. Is there a sufficient second? There appears to be a sufficient second. The clerk will call the roll. The bill clerk called the roll. Mr. BARRASSO. The following Senator is necessarily absent: the Senator from Louisiana (Mr. Cassidy). Mr. DURBIN. I announce that the Senator from Arizona (Mr. Gallego) is necessarily absent. The result was announced--yeas 70, nays 28, as follows: [Rollcall Vote No. 150 Leg.] YEAS--70 Alsobrooks Banks Barrasso Blackburn Booker Boozman Britt Budd Capito Collins Cornyn Cortez Masto Cotton Cramer Crapo Cruz Curtis Daines Ernst Fetterman Fischer Gillibrand Graham Grassley Hagerty Hawley Heinrich Hickenlooper Hoeven Husted Hyde-Smith Johnson Justice Kennedy Kim Lankford Lee Lujan Lummis Marshall McConnell McCormick Moody Moran Moreno Mullin Murkowski Ossoff Padilla Paul Ricketts Risch Rosen Rounds Schatz Schiff Schmitt Schumer Scott (FL) Scott (SC) Sheehy Slotkin Sullivan Thune Tillis Tuberville Warner Warnock Wicker Young NAYS--28 Baldwin Bennet Blumenthal Blunt Rochester Cantwell Coons Duckworth Durbin Hassan Hirono Kaine Kelly King Klobuchar Markey Merkley Murphy Murray Peters Reed Sanders Shaheen Smith Van Hollen Warren Welch Whitehouse Wyden NOT VOTING--2 Cassidy Gallego The motion was agreed to. ____________________

Referenced legislation: HJRES25, HJRES25

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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... Congressional Record, Volume 171 Issue 55 (Wednesday, March 26, 2025) [Congressional Record Volume 171, Number 55 (Wednesday, March 26, 2025)] [Senate] [Page S1856] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] 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''--Motion to Proceed Mr. THUNE. I move to proceed to Calendar No. 27, H.J. Res. 25. The PRESIDING OFFICER. The clerk will report the motion. The senior assistant executive clerk read as follows: Motion to proceed to Calendar No. 27, H.J. Res. 25, 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''. Vote on Motion The PRESIDING OFFICER. The question is on agreeing to the motion. Mr. CRAPO. I ask for the yeas and nays. The PRESIDING OFFICER. Is there a sufficient second? There appears to be a sufficient second. The clerk will call the roll. The bill clerk called the roll. Mr. BARRASSO. The following Senator is necessarily absent: the Senator from Louisiana (Mr. Cassidy). Mr. DURBIN. I announce that the Senator from Arizona (Mr. Gallego) is necessarily absent. The result was announced--yeas 70, nays 28, as follows: [Rollcall Vote No. 150 Leg.] YEAS--70 Alsobrooks Banks Barrasso Blackburn Booker Boozman Britt Budd Capito Collins Cornyn Cortez Masto Cotton Cramer Crapo Cruz Curtis Daines Ernst Fetterman Fischer Gillibrand Graham Grassley Hagerty Hawley Heinrich Hickenlooper Hoeven Husted Hyde-Smith Johnson Justice Kennedy Kim Lankford Lee Lujan Lummis Marshall McConnell McCormick Moody Moran Moreno Mullin Murkowski Ossoff Padilla Paul Ricketts Risch Rosen Rounds Schatz Schiff Schmitt Schumer Scott (FL) Scott (SC) Sheehy Slotkin Sullivan Thune Tillis Tuberville Warner Warnock Wicker Young NAYS--28 Baldwin Bennet Blumenthal Blunt Rochester Cantwell Coons Duckworth Durbin Hassan Hirono Kaine Kelly King Klobuchar Markey Merkley Murphy Murray Peters Reed Sanders Shaheen Smith Van Hollen Warren Welch Whitehouse Wyden NOT VOTING--2 Cassidy Gallego The motion was agreed to. ____________________ Referenced legislation: HJRES25, HJRES25