Technology

HRES 211 is a procedural resolution that allows the U.S. House of Representatives to debate and vote on three specific legislative measures. It enables consideration of H.J. Res. 25 (which would disapprove an IRS rule requiring brokers to report digital asset sales), H.R. 1156 (which would extend fraud statute of limitations for unemployment programs), and H.R. 1968 (which would fund government operations through September 2025). The resolution waives standard procedural objections and sets time limits for debate on each measure. This resolution itself does not change policy but facilitates the House’s review of these three bills.

This joint resolution nullifies requirements for persons effectuating decentralized financial (DeFi) transactions to report certain information regarding digital asset sales to the Internal Revenue Service (IRS). Specifically, the joint resolution nullifies the requirements included in the rule titled Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales and issued by the IRS on December 30, 2024. Decentralized finance refers to the suite of financial activities and services that are facilitated by cryptocurrency and intended to be conducted without any sort of reliance on traditional financial tools or intermediaries.

This bill requires the Department of Homeland Security (DHS) to create a new department-wide policy and process to protect sensitive research and development projects from unauthorized access or disclosure during acquisitions. It directly affects DHS research programs by mandating specific security safeguards for their work. Key provisions include requiring DHS to develop this policy within one year, submit a GAO report on compliance with existing national security guidelines (NSPM-33), and provide a congressional briefing on implementing the new security framework. The bill focuses on establishing concrete security protocols for DHS research, not on funding or broader policy changes.

HR 788 requires the Department of Energy (DOE) and Small Business Administration (SBA) to establish formal agreements for joint research and development (R&D) projects. This mandates that small businesses must be included in these collaborative efforts, aligning DOE and SBA missions to advance shared goals like clean energy innovation. The bill creates a two-year reporting requirement for the agencies to Congress, detailing coordination, research achievements, and future collaboration opportunities. It does not authorize new funding and ensures R&D activities comply with existing research security rules.

HR 152, the Federal Disaster Assistance Coordination Act, requires FEMA to study and streamline how disaster assistance applicants and agencies collect and share information. It directs FEMA to develop plans within two years to simplify paperwork for applicants, reduce duplication in damage assessments, and explore technologies like drones for faster assessments. The bill mandates a public report detailing these plans and findings, including recommendations for agencies like the Small Business Administration and HUD. It directly affects disaster applicants and federal agencies managing relief, aiming to make the process less burdensome and more efficient without creating new funding or benefits. The focus is strictly on procedural improvements to information handling.