H.R.es212 - Returning Senate Joint Resolution 3 to the Senate. (119th Congress)
Summary
H.Res.212 addresses a disagreement between the House and Senate regarding Senate Joint Resolution 3, which concerns an IRS rule on digital asset sales reporting. The House believes the Senate resolution infringes upon its privileges under Article I, Section 7 of the Constitution, which deals with revenue-raising bills. The House is returning the resolution to the Senate with a message explaining its position.
Expected Effects
The immediate effect is that Senate Joint Resolution 3 is sent back to the Senate. This action signals a legislative impasse on the IRS rule concerning digital asset sales reporting. Further negotiation or compromise will be required to resolve the disagreement between the two chambers of Congress.
Potential Benefits
- Potentially protects the House's constitutional authority over revenue-related matters.
- Could lead to a more thorough review of the IRS rule on digital asset sales reporting.
- May force a compromise that better addresses concerns about the rule's impact.
- Upholds the principle of checks and balances between the legislative chambers.
- Could prevent the implementation of a rule deemed detrimental by the House.
Potential Disadvantages
- Creates legislative gridlock on the issue of digital asset sales reporting.
- Delays or prevents a resolution regarding the IRS rule, creating uncertainty for businesses and individuals.
- May escalate tensions between the House and Senate, hindering cooperation on other legislative matters.
- Could lead to the IRS rule remaining in effect without congressional disapproval, if no compromise is reached.
- Increases the risk of future disputes over similar revenue-related matters.
Constitutional Alignment
The House's action is based on its interpretation of Article I, Section 7 of the Constitution, which grants the House primary authority over revenue bills. The House argues that the Senate resolution infringes upon this authority. The constitutional alignment depends on the validity of the House's interpretation of Article I, Section 7 in this specific context. The action itself is a procedural step within the legislative process, which is constitutionally permissible.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).