$763,772 in Banking & Financial PAC money was in the room for the vote on S.J.Res. 3
44 members who voted on S.J.Res. 3 also banked banking & financial PAC money in the 2024 cycle. Who got what, and how they voted.
· U.S. Wealth Watcher
55 members who cast a yes or no vote took banking & financial PAC money in the 2024 cycle. The biggest recipients are shown; the full list is on the bill page.
This bill cancels a new IRS rule that would have required brokers of digital assets, such as cryptocurrency, to report customers' gross proceeds to the IRS. The rule was set to take effect in 2025. By disapproving the rule, the bill stops the IRS from enforcing this reporting requirement.
The bill affects anyone who buys or sells digital assets like Bitcoin or Ethereum. If the rule had stayed, brokers would have had to send reports to the IRS about customers' transactions, which could have led to more tax enforcement. Without the rule, those reports are not required.
- Coinbase GlobalCOIN
- PayPal HoldingsPYPL
- BlockSQ
How the chamber split
What each side says
- The rule would impose heavy paperwork and costs on digital asset brokers, especially smaller ones, making it harder for them to operate.bill
- The rule could drive digital asset trading away from regulated brokers to unregulated platforms, reducing transparency.report
- The rule was issued too quickly without enough input from the public and industry, so it should be reconsidered.report
- Without the rule, the IRS will have less information to track digital asset transactions, making it easier for people to avoid paying taxes on gains.report
- The rule was designed to close a gap in tax reporting for digital assets, similar to how stocks and bonds are reported, and canceling it creates an unfair advantage for digital asset investors.report
Each point links to its source. The views are attributed to those sources, not stated as ours.
Banking & Financial money, split by party
Banking & Financial PAC receipts$634K▸
- UBS AMERICAS INC. POLITICAL ACTION COMMITTEE (UBS PAC)$55K
- CADENCE BANK PAC$55K
- AMERICAN BANKERS ASSOCIATION PAC (BANKPAC)$50K
- SMALL BUSINESS INVESTOR ALLIANCE PAC$40K
- AMERICA'S CREDIT UNIONS PAC OF CREDIT UNION NATIONAL ASSOCIATION, INC.$38K
- THE CAPITAL GROUP COMPANIES INC POLITICAL ACTION COMMITTEE$38K
- REGIONS FINANCIAL CORPORATION POLITICAL ACTION COMMITTEE$36K
- DELOITTE POLITICAL ACTION COMMITTEE$30K
- MORTGAGE BANKERS ASSOCIATION POLITICAL ACTION COMMITTEE (MORPAC)$20K
- STRUCTURED FINANCE COALITION POLITICAL ACTION COMMITTEE (STRUCTURED FINANCE PAC)$18K
- FINANCIAL SERVICES INSTITUTE PAC$18K
- BLACKROCK FUNDS SERVICES GROUP LLC POLITICAL ACTION COMMITTEE (BLACKROCK PAC)$15K
- INVESTMENT COMPANY INSTITUTE POLITICAL ACTION COMMITTEE (ICI PAC)$15K
- CITIGROUP INC. PAC - FEDERAL (CITI PAC - FEDERAL)$15K
- MORGAN STANLEY POLITICAL ACTION COMMITTEE$11K
- TRUIST FINANCIAL CORPORATION FEDERAL PAC (FORMERLY SUNTRUST BANKS, INC. POLITICAL ACTION COMMITTEE)$10K
- INTERCONTINENTAL EXCHANGE INC PAC$10K
- BANK OF AMERICA CORPORATION FEDERAL PAC$10K
- FLAGSTAR BANK FEDERAL PAC$10K
- VISA, INC. POLITICAL ACTION COMMITTEE$10K
- PRICEWATERHOUSECOOPERS POLITICAL ACTION COMMITTEE I$10K
- AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS POLITICAL ACTION COMMITTEE$10K
- THE FARM CREDIT COUNCIL POLITICAL ACTION COMMITTEE$10K
- ERNST & YOUNG POLITICAL ACTION COMMITTEE$10K
- AMERICAN INVESTMENT COUNCIL POLITICAL ACTION COMMITTEE$10K
- COMMUNITY BANCSHARES OF MISSISSIPPI INC. POLITICAL ACTION COMMITTEE$10K
- BEYOND FINANCE EMPLOYEE POLITICAL ACTION COMMITTEE$9K
- PURPOSE FINANCIAL INC., PAC$8K
- HUNTINGTON BANCSHARES INC. POLITICAL ACTION COMMITTEE (HBI-PAC)$8K
- BREAD FINANCIAL HOLDINGS, INC. PAC (AKA BREAD FINANCIAL PAC)$8K
- SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION POLITICAL ACTION COMMITTEE$6K
- WELLS FARGO AND COMPANY EMPLOYEE PAC (AKA WELLS FARGO EMPLOYEE PAC)$5K
- FIDELITY NATIONAL FINANCIAL INC PAC 2001$5K
- CITIZENS FINANCIAL GROUP, INC. POLITICAL ACTION COMMITTEE (CITIZENS PAC)$5K
- FEDERAL BIPARTISAN VOLUNTARY PUBLIC AFFAIRS COMMITTEE OF THE PNC FINANCIAL SERVICES GROUP, INC. (PNC$5K
- NAFCU PAC OF CREDIT UNION NATIONAL ASSOCIATION, INC.$5K
- SCHOOLSFIRST FEDERAL CREDIT UNION EMPLOYEES FEDERAL PAC$5K
- SECURITY SERVICE FEDERAL CREDIT UNION PAC$3K
- THRIVENT FINANCIAL FOR LUTHERANS POLITICAL ACTION COMMITTEE$2K
- U.S. VENTURE INC. PAC$1K
Banking & Financial PAC receipts$190K▸
- FINANCIAL SERVICES INSTITUTE PAC$18K
- SMALL BUSINESS INVESTOR ALLIANCE PAC$16K
- CAPITAL ONE FINANCIAL CORP. ASSOC. POLITICAL FUND$15K
- AMERICA'S CREDIT UNIONS PAC OF CREDIT UNION NATIONAL ASSOCIATION, INC.$15K
- THE CAPITAL GROUP COMPANIES INC POLITICAL ACTION COMMITTEE$13K
- REGIONS FINANCIAL CORPORATION POLITICAL ACTION COMMITTEE$13K
- THE FARM CREDIT COUNCIL POLITICAL ACTION COMMITTEE$10K
- MORTGAGE BANKERS ASSOCIATION POLITICAL ACTION COMMITTEE (MORPAC)$10K
- AMERICAN BANKERS ASSOCIATION PAC (BANKPAC)$10K
- VISA, INC. POLITICAL ACTION COMMITTEE$10K
- CITIGROUP INC. PAC - FEDERAL (CITI PAC - FEDERAL)$10K
- SANTANDER HOLDINGS USA INC. PAC (SANTANDER US PAC)$6K
- BARCLAYS GROUP US INC. POLITICAL ACTION COMMITTEE$6K
- NAFCU PAC OF CREDIT UNION NATIONAL ASSOCIATION, INC.$5K
- BLACKROCK FUNDS SERVICES GROUP LLC POLITICAL ACTION COMMITTEE (BLACKROCK PAC)$5K
- CITIZENS FINANCIAL GROUP, INC. POLITICAL ACTION COMMITTEE (CITIZENS PAC)$5K
- THE GOLDMAN SACHS GROUP, INC. POLITICAL ACTION COMMITTEE$5K
- TRUIST FINANCIAL CORPORATION FEDERAL PAC (FORMERLY SUNTRUST BANKS, INC. POLITICAL ACTION COMMITTEE)$5K
- EQUIPMENT LEASING AND FINANCE ASSN PAC (LEASEPAC)$4K
- CONNECTICUT BANKERS ASSOCIATION POLITICAL ACTION COMMITTEE (CBA FED PAC)$3K
- SECURITY SERVICE FEDERAL CREDIT UNION PAC$3K
- THE SURETY & FIDELITY ASSOCIATION OF AMERICA POLITICAL ACTION COMMITTEE$3K
- NATIONAL ASSOCIATION OF MORTGAGE BROKERS PAC$3K
See all 55 members and the full breakdown on the S.J.Res. 3 bill page →
This is an automatically generated timeline of dated public records. It states facts and implies nothing about any decision or motive. Correlation is not causation.
We report from public records and published reporting. Appearing here is not an allegation of wrongdoing.