Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to "Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions".

Bill 118 hjres 198 is a piece of legislation that aims to disapprove of a rule submitted by the Department of the Treasury regarding the reporting of gross proceeds and basis by brokers, as well as the determination of amount realized and basis for digital asset transactions. The rule in question falls under chapter 8 of title 5, United States Code.

The bill seeks to challenge the Department of the Treasury's rule, arguing that it may have negative implications for brokers and individuals involved in digital asset transactions. By disapproving of this rule, Congress is signaling its disagreement with the Department of the Treasury's approach to regulating these types of transactions.

Overall, Bill 118 hjres 198 is a significant piece of legislation that highlights the ongoing debate surrounding the regulation of digital asset transactions and the role of government agencies such as the Department of the Treasury in overseeing these transactions.