Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to "Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions".

HJRES 198 is a congressional disapproval resolution targeting a Treasury rule requiring brokers to report gross proceeds and transaction basis for digital asset trades. It would block the rule (published in the Federal Register on July 9, 2024) from taking effect, preventing brokers from having to comply with its reporting requirements for digital asset transactions. The resolution directly affects cryptocurrency exchanges and other brokers handling digital asset transactions, as it would nullify the rule’s mandate for them to track and report specific financial details. This is a procedural action to stop the rule’s implementation, not a new policy.