Us Congress House Bill HR211

Us Congress 2025-2026 Regular Session

• Introduced: 3/11/25

Caption

Providing for consideration of the joint resolution (H.J. Res. 25) 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"; providing for consideration of the bill (H.R. 1156) to amend the CARES Act to extend the statute of limitations for fraud under certain unemployment programs, and for other purposes; providing for consideration of the bill (H.R. 1968) making further continuing appropriations and other extensions for the fiscal year ending September 30, 2025, and for other purposes; and for other purposes.

Impact

In addition to addressing IRS regulations, HR211 also paves the way for further discussion of H.R. 1156, a bill aimed at amending the CARES Act to extend the statute of limitations for certain unemployment fraud cases. This provision reflects ongoing legislative efforts to strengthen oversight and accountability in the management of unemployment benefits, especially in light of the fraud that has been reported during the COVID-19 pandemic. The resolution waives points of order to facilitate both measures' passage, indicating a concerted effort to streamline legislation during an increasingly complex economic recovery.

Summary

House Resolution 211, adopted by the House of Representatives on March 11, 2025, facilitates the consideration of multiple legislative measures, including a joint resolution aimed at disapproving a rule set forth by the Internal Revenue Service (IRS) concerning gross proceeds reporting by brokers involved in digital asset sales. This legislative action highlights a growing concern among lawmakers regarding the regulatory landscape surrounding digital currencies and the IRS's role in overseeing these transactions. Proponents of the resolution argue that the IRS’s reporting requirements could impose undue burdens on businesses and individual investors navigating the evolving digital asset market.

Contention

The consideration of HR211 reflects notable divisions among lawmakers. Critics of the IRS rule contend that it lacks clarity and may lead to increased compliance costs for investors and financial institutions. Moreover, discussions around the CARES Act amendments reveal tensions regarding the adequacy of state response measures in combating unemployment fraud. Some legislators question whether extending the statute of limitations is enough to curb the issue effectively or if more systemic reforms are necessary. This highlights the ongoing debate over the role of federal intervention in state unemployment systems and the balance between regulation and support for the workforce.

Last_action

The measure's last action involved a motion to reconsider being laid on the table, signifying that while there was a narrow agreement on the resolution—215 yeas to 214 nays—disputes could still arise as the bill continues through Congress. This razor-thin margin illustrates the partisan tensions that underlie many of the current legislative debates, particularly those related to economic and regulatory reforms.