Returning Senate Joint Resolution 3 to the Senate.
House Resolution 212 is a formal objection by the U.S. House of Representatives to Senate Joint Resolution 3. SJR 3 would use the Congressional Review Act to disapprove an Internal Revenue Service rule about gross proceeds reporting by brokers that facilitate digital asset sales. The House resolution states that SJR 3 contravenes the Constitution’s Origination Clause (Article I, Section 7, Clause 1) and infringes the privileges of the House. Accordingly, H.Res. 212 resolves that the House respectfully returns SJR 3 to the Senate with this message, signaling opposition to that Senate action without directly altering the rule or the underlying policy. In short, this is a procedural, symbolic rebuke from the House arguing constitutional and procedural flaws in the Senate’s use of a disapproval resolution to block the IRS rule. It does not itself change tax policy or the IRS rule, but it frames the House’s stance on the issue and the proper legislative process.
Key Points
- 1The resolution objects to Senate Joint Resolution 3, which would disapprove an IRS rule under the Congressional Review Act aimed at digital asset tax reporting (gross proceeds reporting by brokers that facilitate digital asset sales).
- 2It asserts that SJR 3 contravenes the Origination Clause of the Constitution (the rule that revenue-raising bills originate in the House) and therefore is unconstitutional or improper.
- 3It characterizes SJR 3 as an infringement of the privileges of the House, i.e., a violation of the House’s constitutional rights in the legislative process.
- 4The House resolution orders that SJR 3 be returned to the Senate with a message conveying the House’s opposition and constitutional concerns.
- 5The action is primarily procedural and rhetorical; it does not revoke or modify the IRS rule or the underlying Congressional Review Act process, but it signals a strong House position on the matter.