1 Bill Became Law in April 2025
Trump’s completes first 100 days with few laws passed, despite Republican control of Congress.
In April, only one bill became law. Despite Republican control of both the House and Senate, Trump has chosen to govern primarily through executive orders, signing 143 in his first 100 days—compared to Biden’s 42. Historically, presidents with unified government use this early "honeymoon" period to push legislation through Congress. Trump, instead, has focused on expanding executive power and testing its limits in the courts.
-Mike
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".
Sponsor: Rep. Carey, Mike [R-OH-15]
Bill Introduced: 2025-01-21
Became Public Law on: 2025-04-10Bill Summary:
Nullifies the IRS rule requiring reporting of digital asset sales by brokers involved in decentralized financial (DeFi) transactions.
Affects compliance obligations for individuals and entities facilitating DeFi transactions.
Eliminates the requirement for detailed reporting of gross proceeds from digital asset sales to the IRS.
Potentially impacts tax transparency and regulatory oversight of digital asset markets.