3.0.0
4763
2025-05-27T14:16:53Z
2025-05-27T14:16:53Z
House
H
HR
2023-07-20
118
[Congressional Record Volume 169, Number 125 (Thursday, July 20, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. THOMPSON of Pennsylvania:H.R. 4763.Congress has the power to enact this legislation pursuantto the following:Regulations with an Effect on Interstate Commerce ArticleI, Section 8, clause 3 (Commerce Clause)The single subject of this legislation is:Comprehensive digital asset market structure regulation.[Page H3889]
- ssbk00
Banking, Housing, and Urban Affairs Committee
Senate
Standing
  - Referred To
2024-09-09T21:37:33Z
- hsba00
Financial Services Committee
House
Standing
  - Reported By
2024-05-06T23:14:51Z
  - Markup By
2023-07-26T20:02:00Z
  - Referred To
2023-07-20T13:04:25Z
- hsag00
Agriculture Committee
House
Standing
  - Reported By
2024-05-06T21:04:53Z
  - Markup By
2023-07-27T20:13:53Z
  - Referred To
2023-07-20T13:04:30Z
H. Rept. 118-484
H. Rept. 118-484,Part 2

- Providing for consideration of the bill (H.R. 4763) to provide for a system of regulation of digital assets by the Commodity Futures Trading Commission and the Securities and Exchange Commission, and for other purposes; providing for consideration of the bill (H.R. 5403) to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes; and providing for consideration of the bill (H.R. 192) to prohibit individuals who are not citizens of the United States from voting in elections in the District of Columbia.
118
1243
HRES
2024-05-22
Motion to reconsider laid on the table Agreed to without objection.
14:45:37
  - Related bill
House
  - Procedurally-related
House

- BRIDGE Digital Assets Act
118
9579
HR
2024-10-08
Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
  - Related bill
CRS
- 2024-09-09
  - ssbk00
Banking, Housing, and Urban Affairs Committee
Senate
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
IntroReferral
- 2024-05-22
17:41:14
Motion to reconsider laid on the table Agreed to without objection.
Floor
H38310
2
House floor actions
- 2024-05-22
17:41:12
On passage Passed by recorded vote: 279 - 136 (Roll no. 226). (text: CR H3432-3455)
Floor
H37100
2
House floor actions
226
https://clerk.house.gov/evs/2024/roll226.xml
House
118
2024-05-22T21:41:12Z
2
- 2024-05-22
17:41:12
Passed/agreed to in House: On passage Passed by recorded vote: 279 - 136 (Roll no. 226). (text: CR H3432-3455)
Floor
8000
9
Library of Congress
226
https://clerk.house.gov/evs/2024/roll226.xml
House
118
2024-05-22T21:41:12Z
2
- 2024-05-22
17:34:31
The House adopted the amendments en gros as agreed to by the Committee of the Whole House on the state of the Union.
Floor
H34400
2
House floor actions
- 2024-05-22
17:34:20
The previous question was ordered pursuant to the rule.
Floor
H35000
2
House floor actions
- 2024-05-22
17:33:24
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 4763.
Floor
H32600
2
House floor actions
- 2024-05-22
16:47:01
POSTPONED PROCEEDINGS - At the conclusion of debate on the Perry amendment No. 4, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
Floor
H8D000
2
House floor actions
- 2024-05-22
16:35:16
DEBATE - Pursuant to the provisions of H. Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Perry amendment No. 4.
Floor
H8D000
2
House floor actions
- 2024-05-22
16:34:43
POSTPONED PROCEEDINGS - At the conclusion of debate on the Norman amendment No. 3, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
Floor
H8D000
2
House floor actions
- 2024-05-22
16:23:26
DEBATE - Pursuant to the provisions of H. Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Norman amendment No. 3.
Floor
H8D000
2
House floor actions
- 2024-05-22
16:16:03
DEBATE - Pursuant to the provisions of H. Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Pettersen amendment No. 2.
Floor
H8D000
2
House floor actions
- 2024-05-22
16:15:20
POSTPONED PROCEEDINGS - At the conclusion of debate on the Casar amendment No. 1, the Chair put the question on agreeing to the amendment and by voice vote, announced that the noes prevailed. Mr. Casar demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
Floor
H8D000
2
House floor actions
- 2024-05-22
16:06:15
DEBATE - Pursuant to the provisions of H. Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Casar amendment No. 1.
Floor
H8D000
2
House floor actions
- 2024-05-22
14:49:55
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 4763.
Floor
H8D000
2
House floor actions
- 2024-05-22
14:49:07
The Speaker designated the Honorable Michael Guest to act as Chairman of the Committee.
Floor
H32400
2
House floor actions
- 2024-05-22
14:49:06
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 1243 and Rule XVIII.
Floor
H32020
2
House floor actions
- 2024-05-22
14:48:20
Rule provides for consideration of H.R. 4763, H.R. 5403 and H.R. 192. The resolution provides for one hour of debate on each bill. H.R. 4763 and H.R. 5403 are considered under a structured rule and H.R. 192 is considered under a closed rule. The resolution provides for one motion to recommit on each bill.
Floor
H8D000
2
House floor actions
- 2024-05-22
14:48:15
Considered under the provisions of rule H. Res. 1243. (consideration: H3419–3463)
Floor
H30000
2
House floor actions
- 2024-05-21
20:01:03
Rules Committee Resolution H. Res. 1243 Reported to House. Rule provides for consideration of H.R. 4763, H.R. 5403 and H.R. 192. The resolution provides for one hour of debate on each bill. H.R. 4763 and H.R. 5403 are considered under a structured rule and H.R. 192 is considered under a closed rule. The resolution provides for one motion to recommit on each bill.
Floor
H1L210
2
House floor actions
- 2024-05-06
Placed on the Union Calendar, Calendar No. 401.
Calendars
H12410
2
House floor actions
- 2024-05-06
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-484, Part II.
Committee
H12200
2
House floor actions
  - hsba00
Financial Services Committee
- 2024-05-06
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-484, Part II.
Committee
5000
9
Library of Congress
  - hsba00
Financial Services Committee
- 2024-05-06
Reported (Amended) by the Committee on Agriculture. H. Rept. 118-484, Part I.
Committee
H12200
2
House floor actions
  - hsag00
Agriculture Committee
- 2024-05-06
Reported (Amended) by the Committee on Agriculture. H. Rept. 118-484, Part I.
Committee
5000
9
Library of Congress
  - hsag00
Agriculture Committee
- 2023-07-27
  - hsag00
Agriculture Committee
1
House committee actions
Ordered to be Reported (Amended) by Voice Vote.
Committee
- 2023-07-27
  - hsag00
Agriculture Committee
1
House committee actions
Committee Consideration and Mark-up Session Held
Committee
- 2023-07-26
  - hsba00
Financial Services Committee
1
House committee actions
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 15.
Committee
- 2023-07-26
  - hsba00
Financial Services Committee
1
House committee actions
Committee Consideration and Mark-up Session Held
Committee
- 2023-07-20
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
H11100
2
House floor actions
  - hsag00
Agriculture Committee
- 2023-07-20
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
IntroReferral
H11100
2
House floor actions
  - hsba00
Financial Services Committee
- 2023-07-20
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-07-20
Introduced in House
IntroReferral
1000
9
Library of Congress
- T000467
Rep. Thompson, Glenn [R-PA-15]
Glenn
Thompson
R
PA
15
N
- H001072
Rep. Hill, J. French [R-AR-2]
J.
Hill
R
AR
French
2
2023-07-20
True
- J000301
Rep. Johnson, Dusty [R-SD-At Large]
Dusty
Johnson
R
SD
0
2023-07-20
True
- D000626
Rep. Davidson, Warren [R-OH-8]
Warren
Davidson
R
OH
8
2023-07-20
True
- E000294
Rep. Emmer, Tom [R-MN-6]
Tom
Emmer
R
MN
6
2023-07-20
True
- M001221
Rep. Molinaro, Marcus J. [R-NY-19]
Marcus
Molinaro
R
NY
J.
19
2023-07-27
False
- C001063
Rep. Cuellar, Henry [D-TX-28]
Henry
Cuellar
D
TX
28
2023-10-17
False
- N000194
Rep. Nickel, Wiley [D-NC-13]
Wiley
Nickel
D
NC
13
2023-10-17
False
- C001114
Rep. Curtis, John R. [R-UT-3]
John
Curtis
R
UT
R.
3
2023-12-05
False
- B001299
Rep. Banks, Jim [R-IN-3]
Jim
Banks
R
IN
3
2024-02-06
False
- M001156
Rep. McHenry, Patrick T. [R-NC-10]
Patrick
McHenry
R
NC
T.
10
2024-04-30
False
- T000486
Rep. Torres, Ritchie [D-NY-15]
Ritchie
Torres
D
NY
15
2024-05-01
False
- 2024-05-21T16:05:06Z

H.R. 4763, Financial Innovation and Technology for the 21st Century Act
https://www.cbo.gov/publication/60320
As posted on the website of the House Committee on Rules on May 10, 2024, and amended by Manager’s Amendment 30
Finance and Financial Sector
- Administrative law and regulatory procedures
2024-05-29T12:52:46Z
- Advanced technology and technological innovations
2024-05-29T12:52:17Z
- Commodities markets
2024-05-29T12:52:51Z
- Commodity Futures Trading Commission
2024-05-29T12:52:10Z
- Computers and information technology
2024-05-29T12:52:27Z
- Currency
2024-05-29T12:52:37Z
- Digital media
2024-05-29T12:52:32Z
- Licensing and registrations
2024-05-29T12:52:56Z
- Securities
2024-05-29T12:52:40Z
- Securities and Exchange Commission (SEC)
2024-05-29T12:52:22Z
Finance and Financial Sector
2023-07-25T18:00:31Z
00
2023-07-20
Introduced in House
2023-10-31T15:51:28Z
Financial Innovation and Technology for the 21st Century Act
This bill establishes a regulatory framework for digital assets.
The Commodity Futures Trading Commission (CFTC) must regulate a digital asset as a commodity if the blockchain, or digital ledger, on which it runs is functional and decentralized. The bill classifies a blockchain as decentralized if, among other requirements, no person has unilateral authority to control the blockchain or its usage, and no issuer or affiliated person has control of 20% or more of the digital asset or the voting power of the digital asset. In addition, the bill provides the CFTC with exclusive regulatory authority over cash or spot markets for digital commodities.
The Securities and Exchange Commission (SEC) must regulate a digital asset as a security if its associated blockchain is functional but not decentralized. However, the bill establishes certain exceptions to SEC regulation for digital assets that limit annual sales, restrict nonaccredited investor access, and satisfy disclosure and compliance requirements. The bill also sets forth requirements for primary and secondary market transactions.
The CFTC and SEC must jointly issue rules to define terms and exempt dually registered exchanges from duplicative rules.
The bill excludes permitted stablecoins from CFTC and SEC regulation, except regarding anti-fraud authority and specified transactions on registered entities.
07
2024-05-06
Reported to House
2024-05-20T19:44:06Z
Financial Innovation and Technology for the 21st Century Act
This bill establishes a regulatory framework for digital assets.
The Commodity Futures Trading Commission (CFTC) must regulate a digital asset as a commodity if the blockchain, or digital ledger, on which it runs is functional and decentralized. The bill classifies a blockchain as decentralized if, among other requirements, no person has unilateral authority to control the blockchain or its usage, and no issuer or affiliated person has control of 20% or more of the digital asset or the voting power of the digital asset. In addition, the bill provides the CFTC with exclusive regulatory authority over cash or spot markets for digital commodities.
The Securities and Exchange Commission (SEC) must regulate a digital asset as a security if its associated blockchain is functional but not decentralized. However, the bill establishes certain exceptions to SEC regulation for digital assets that limit annual sales, restrict nonaccredited investor access, and satisfy disclosure and compliance requirements. The bill also sets forth requirements for primary and secondary market transactions.
The CFTC and SEC must jointly issue rules to define terms and exempt dually registered exchanges from duplicative rules.

Financial Innovation and Technology for the 21st Century Act
- Short Titles from RFS (Referred to Senate) bill text
255

Financial Innovation and Technology for the 21st Century Act
2024-09-12T00:08:17Z
S
Senate
Referred in Senate
RFS
- Display Title
45

Financial Innovation and Technology for the 21st Century Act
2024-06-11T15:59:37Z
- Short Title(s) as Introduced
101

Financial Innovation and Technology for the 21st Century Act
2024-05-24T13:38:26Z
Introduced in House
IH
- Short Title(s) as Reported to House
102

Financial Innovation and Technology for the 21st Century Act
2024-05-24T13:32:54Z
H
House
Reported in House
RH
- Short Title(s) as Passed House
104

Financial Innovation and Technology for the 21st Century Act
2024-05-24T13:32:42Z
H
House
Engrossed in House
EH
- Official Title as Introduced
6

To provide for a system of regulation of digital assets by the Commodity Futures Trading Commission and the Securities and Exchange Commission, and for other purposes.
2024-03-18T21:12:13Z
Introduced in House
IH
922
118
HAMDT
An amendment numbered 4 printed in Part B of House Report 118-516 to add a sense of Congress to the end of title V that nothing in this Act or any amendment made by this Act should be interpreted to authorize any entity to regulate any commodity, other than a digital commodity, on any spot market.
2024-07-19T13:04:31Z
2024-05-22
On agreeing to the Perry amendment (A004) Agreed to by recorded vote: 225 - 191 (Roll no. 225).
17:33:17
Roll no. 225
https://clerk.house.gov/evs/2024/roll225.xml
- P000605
Rep. Perry, Scott [R-PA-10]
Scott
Perry
R
PA
10
2024-05-22T04:00:00Z
House of Representatives
118
HR
House
H
4763

Financial Innovation and Technology for the 21st Century Act
2025-05-27
6
- 2024-05-22
17:33:17
Floor
75000
9
Library of Congress
225
House
118
2024-05-22T21:33:17Z
2
https://clerk.house.gov/evs/2024/roll225.xml
- 2024-05-22
17:33:17
On agreeing to the Perry amendment (A004) Agreed to by recorded vote: 225 - 191 (Roll no. 225).
Floor
72000
9
Library of Congress
225
House
118
2024-05-22T21:33:17Z
2
https://clerk.house.gov/evs/2024/roll225.xml
- 2024-05-22
16:35:03
Amendment (A004) offered by Mr. Perry. (consideration: CR H3459-3460, H3462; text: CR H3459)
Floor
71000
9
Library of Congress
- 2024-05-22
16:35:03
House Amendment Offered
Floor
71000
9
Library of Congress
- 2024-05-22
17:33:17
Roll call votes on amendments in House
Floor
75000
9
Library of Congress
225
House
118
2024-05-22T21:33:17Z
2
https://clerk.house.gov/evs/2024/roll225.xml
- 2024-05-22
17:33:17
House amendment agreed to: On agreeing to the Perry amendment (A004) Agreed to by recorded vote: 225 - 191 (Roll no. 225).
Floor
72000
9
Library of Congress
225
House
118
2024-05-22T21:33:17Z
2
https://clerk.house.gov/evs/2024/roll225.xml
921
118
HAMDT
An amendment numbered 3 printed in Part B of House Report 118-516 to require a study on the impact of digital asset registrants owned by foreign adversaries.
Amendment requires a study on the impact of digital asset registrants owned by foreign adversaries.
2024-05-24T08:09:11Z
2024-05-22
On agreeing to the Norman amendment (A003) Agreed to by recorded vote: 411 - 0 (Roll no. 224).
17:28:39
Roll no. 224
https://clerk.house.gov/evs/2024/roll224.xml
- N000190
Rep. Norman, Ralph [R-SC-5]
Ralph
Norman
R
SC
5
2024-05-22T04:00:00Z
House of Representatives
118
HR
House
H
4763

Financial Innovation and Technology for the 21st Century Act
2025-05-27
6
- 2024-05-22
17:28:39
On agreeing to the Norman amendment (A003) Agreed to by recorded vote: 411 - 0 (Roll no. 224).
Floor
72000
9
Library of Congress
224
House
118
2024-05-22T21:28:39Z
2
https://clerk.house.gov/evs/2024/roll224.xml
- 2024-05-22
17:28:39
Floor
75000
9
Library of Congress
224
House
118
2024-05-22T21:28:39Z
2
https://clerk.house.gov/evs/2024/roll224.xml
- 2024-05-22
16:23:16
Amendment (A003) offered by Mr. Norman. (consideration: CR H3457-3459, H3461-3462; text: CR H3457-3458)
Floor
71000
9
Library of Congress
- 2024-05-22
16:23:16
House Amendment Offered
Floor
71000
9
Library of Congress
- 2024-05-22
17:28:39
House amendment agreed to: On agreeing to the Norman amendment (A003) Agreed to by recorded vote: 411 - 0 (Roll no. 224).
Floor
72000
9
Library of Congress
224
House
118
2024-05-22T21:28:39Z
2
https://clerk.house.gov/evs/2024/roll224.xml
- 2024-05-22
17:28:39
Roll call votes on amendments in House
Floor
75000
9
Library of Congress
224
House
118
2024-05-22T21:28:39Z
2
https://clerk.house.gov/evs/2024/roll224.xml
920
118
HAMDT
An amendment numbered 2 printed in Part B of House Report 118-516 to clarify the application of the Bank Secrecy Act to digital asset and digital commodity entities and to require a Government Accountability Office study on risks posed by centralized intermediaries that are primarily located in foreign jurisdictions without regulatory requirements similar to those of the Bank Secrecy Act.
2024-05-23T15:24:13Z
2024-05-22
On agreeing to the Pettersen amendment (A002) Agreed to by voice vote.
16:22:59
- P000620
Rep. Pettersen, Brittany [D-CO-7]
Brittany
Pettersen
D
CO
7
2024-05-22T04:00:00Z
House of Representatives
118
HR
House
H
4763

Financial Innovation and Technology for the 21st Century Act
2025-05-27
4
- 2024-05-22
16:22:59
On agreeing to the Pettersen amendment (A002) Agreed to by voice vote.
Floor
72000
9
Library of Congress
- 2024-05-22
16:15:46
Amendment (A002) offered by Ms. Pettersen. (consideration: CR H3456-3457; text: CR H3456-3457)
Floor
71000
9
Library of Congress
- 2024-05-22
16:22:59
House amendment agreed to: On agreeing to the Pettersen amendment (A002) Agreed to by voice vote.
Floor
72000
9
Library of Congress
- 2024-05-22
16:15:46
House Amendment Offered
Floor
71000
9
Library of Congress
919
118
HAMDT
An amendment numbered 1 printed in Part B of House Report 118-516 to change the new crowdfunding exemption from $75 million to $5 million.
Amendment sought to change the new crowdfunding exemption from $75 million to $5 million.
2024-07-19T13:05:33Z
2024-05-22
On agreeing to the Casar amendment (A001) Failed by recorded vote: 204 - 209 (Roll no. 223).
17:23:46
Roll no. 223
https://clerk.house.gov/evs/2024/roll223.xml
- C001131
Rep. Casar, Greg [D-TX-35]
Greg
Casar
D
TX
35
2024-05-22T04:00:00Z
House of Representatives
118
HR
House
H
4763

Financial Innovation and Technology for the 21st Century Act
2025-05-27
6
- 2024-05-22
17:23:46
On agreeing to the Casar amendment (A001) Failed by recorded vote: 204 - 209 (Roll no. 223).
Floor
73000
9
Library of Congress
223
House
118
2024-05-22T21:23:46Z
2
https://clerk.house.gov/evs/2024/roll223.xml
- 2024-05-22
17:23:46
Floor
75000
9
Library of Congress
223
House
118
2024-05-22T21:23:46Z
2
https://clerk.house.gov/evs/2024/roll223.xml
- 2024-05-22
16:06:02
Amendment (A001) offered by Mr. Casar. (consideration: CR H3455-3456, H3460-3461; text: CR H3455)
Floor
71000
9
Library of Congress
- 2024-05-22
16:06:02
House Amendment Offered
Floor
71000
9
Library of Congress
- 2024-05-22
17:23:46
House amendment not agreed to: On agreeing to the Casar amendment (A001) Failed by recorded vote: 204 - 209 (Roll no. 223).
Floor
73000
9
Library of Congress
223
House
118
2024-05-22T21:23:46Z
2
https://clerk.house.gov/evs/2024/roll223.xml
- 2024-05-22
17:23:46
Roll call votes on amendments in House
Floor
75000
9
Library of Congress
223
House
118
2024-05-22T21:23:46Z
2
https://clerk.house.gov/evs/2024/roll223.xml
- Referred in Senate
2024-09-09T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr4763rfs/xml/BILLS-118hr4763rfs.xml
- Engrossed in House
2024-05-22T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr4763eh/xml/BILLS-118hr4763eh.xml
- Reported in House
2024-05-06T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr4763rh/xml/BILLS-118hr4763rh.xml
- Introduced in House
2023-07-20T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr4763ih/xml/BILLS-118hr4763ih.xml
2024-09-09
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.