To require the Securities and Exchange Commission to conduct a study on the feasibility, benefits, and costs of using a distributed ledger system in the post-trade clearing and settlement process, and for other purposes.

3.0.0 8989 2023-01-11T13:43:58Z 2023-01-11T13:43:58Z House HR 2020-12-16 116 [Congressional Record Volume 166, Number 213 (Wednesday, December 16, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LYNCH:H.R. 8989.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the U.S. Constitution[Page H7229]]]> hsba00 Financial Services Committee House Standing Referred to 2020-12-16T17:01:35Z 2020-12-16 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2020-12-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-12-16 Introduced in House IntroReferral 1000 9 Library of Congress L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 N E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 2020-12-16 True Finance and Financial Sector Accounting and auditing Advanced technology and technological innovations Banking and financial institutions regulation Computers and information technology Congressional oversight Government information and archives Government studies and investigations Finance and Financial Sector

00 2020-12-16 Introduced in House 2021-02-02T19:07:13Z This bill requires the Securities and Exchange Commission to report on the feasibility, benefits, and costs of using a distributed ledger system (such as blockchain technology) in the clearing and settlement process after a securities trade is complete.

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To require the Securities and Exchange Commission to conduct a study on the feasibility, benefits, and costs of using a distributed ledger system in the post-trade clearing and settlement process, and for other purposes. Display Title To require the Securities and Exchange Commission to conduct a study on the feasibility, benefits, and costs of using a distributed ledger system in the post-trade clearing and settlement process, and for other purposes. Official Title as Introduced To require the Securities and Exchange Commission to conduct a study on the feasibility, benefits, and costs of using a distributed ledger system in the post-trade clearing and settlement process, and for other purposes. Introduced in House IH Introduced in House 2020-12-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr8989ih/xml/BILLS-116hr8989ih.xml 2020-12-16 Referred to the House Committee on Financial Services. text/xml EN 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. Congressional Research Service, Library of Congress 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.