Zoe Lofgren: “There are concerns with the IRS Final Rule, in that it may exceed the scope provided for in the Infrastructure…”

“There are concerns with the IRS Final Rule, in that it may exceed the scope provided for in the Infrastructure Investment and Jobs Act. The rule also raises important issues that warrant further scrutiny, including its potential impact on innovation and privacy. However, as the Congressional Review Act (CRA) would not only repeal the current rule but also prohibits the agency from issuing any similar regulation in the future without explicit congressional authorization, I think a ``Yes'' vote goes too far. While I acknowledge flaws in the current rule, I believe that additional study could be useful. It is impossible that a more tailored rule aimed at appropriate tax compliance in the digital assets space could be appropriate. At a minimum, we should not completely forgo that possibility, without further study. For these reasons, I will be voting ``Present'' on H.J. Res 25. The SPEAKER pro tempore. All time for debate has expired. Pursuant to House Resolution 211, the previous question is ordered on the joint resolution. The question is on the engrossment and third reading of the joint resolution. The joint resolution was ordered to be engrossed and read a third time, and was read the third time. The SPEAKER pro tempore (Mr. Moore of North Carolina). The question is on passage of the joint resolution. The question was taken; and the Speaker pro tempore announced that the ayes appeared to have it.”