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    <number>5197</number>
    <updateDate>2022-10-28T02:00:25Z</updateDate>
    <updateDateIncludingText>2022-10-28T02:00:25Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2019-11-20</introducedDate>
    <congress>116</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 165, Number 186 (Wednesday, November 20, 2019)][House]From the Congressional Record Online through the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]By Ms. GARCIA of Texas:H.R. 5197.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8, Clause 3 of the UnitedStates Constitution.=========================== NOTE ===========================November 20, 2019, on page H9122, the following appeared: By Ms.GARCIA: H.R. 5197. Congress has the power to enact thislegislation pursuant to the following: This bill is enactedpursuant to the power granted to Congress under Article I, Section8, Clause 3 of the United States Constitution.The online version has been corrected to read: By Ms. GARCIA ofTexas: H.R. 5197. Congress has the power to enact this legislationpursuant to the following: This bill is enacted pursuant to thepower granted to Congress under Article I, Section 8, Clause 3 ofthe United States Constitution.========================= END NOTE =========================[Page H9122]</pre>]]></constitutionalAuthorityStatementText>
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        <name>Financial Services Committee</name>
        <chamber>House</chamber>
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            <name>Referred to</name>
            <date>2019-11-20T15:03:20Z</date>
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        <actionDate>2019-11-20</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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        <bioguideId>G000587</bioguideId>
        <fullName>Rep. Garcia, Sylvia R. [D-TX-29]</fullName>
        <firstName>Sylvia</firstName>
        <lastName>Garcia</lastName>
        <party>D</party>
        <state>TX</state>
        <middleName>R.</middleName>
        <district>29</district>
        <isByRequest>N</isByRequest>
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    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>G000589</bioguideId>
        <fullName>Rep. Gooden, Lance [R-TX-5]</fullName>
        <firstName>Lance</firstName>
        <lastName>Gooden</lastName>
        <party>R</party>
        <state>TX</state>
        <district>5</district>
        <sponsorshipDate>2019-11-20</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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    <policyArea>
      <name>Finance and Financial Sector</name>
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          <name>Broadcasting, cable, digital technologies</name>
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          <name>Currency</name>
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      <summary>
        <versionCode>00</versionCode>
        <actionDate>2019-11-20</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2020-05-07T18:55:37Z</updateDate>
        <text><![CDATA[ <p><b>Managed Stablecoins are Securities Act of 2019 </b></p> <p>This bill establishes managed stablecoins&#8212;a type of digital currency the value of which is linked to another asset or group of assets&#8212;as a type of security for regulatory purposes. </p>]]></text>
      </summary>
    </summaries>
    <title>Managed Stablecoins are Securities Act of 2019</title>
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        <titleType>Display Title</titleType>
        <title>Managed Stablecoins are Securities Act of 2019</title>
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        <titleType>Official Title as Introduced</titleType>
        <title>To add establish the treatment of managed stablecoins under the securities laws, and for other purposes.</title>
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        <title>Managed Stablecoins are Securities Act of 2019</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <type>Introduced in House</type>
        <date>2019-11-20T05:00:00Z</date>
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    <latestAction>
      <actionDate>2019-11-20</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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