[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 835 Engrossed in House (EH)]

<DOC>
H. Res. 835

                In the House of Representatives, U. S.,

                                                    September 12, 2016.
Whereas technology solutions have the potential to improve consumers' ability to 
        control their economic well-being, to encourage their financial 
        literacy, and improve their knowledge base and increase their options to 
        manage their finances and engage in commerce;
Whereas new payment methods and new payment strategies reflect new commercial 
        opportunities;
Whereas the United States is the world leader in software development and 
        technology creation;
Whereas financial technology is creating new opportunities for the 24,800,000 
        underbanked households in the United States;
Whereas the growth of consumers' use of mobile devices and the deployment of 
        broadband access has supported the growth of financial technology 
        products and services outside of traditional products and services 
        offered by banks and other financial institutions in the United States 
        increasing commerce and job growth;
Whereas identity theft is a rising concern for people in the United States as 
        their personal information is targeted by criminal enterprises for 
        monetization on the black market;
Whereas cyberattacks against domestic and international financial institutions 
        and cooperatives continue;
Whereas emerging payment options, including alternative non-fiat currencies, are 
        leveraging technology to improve security through increased transparency 
        and verifiable trust mechanisms to supplant decades old payment 
        technology deployed by traditional financial institutions; and
Whereas blockchain technology with the appropriate protections has the potential 
        to fundamentally change the manner in which trust and security are 
        established in online transactions through various potential 
        applications in sectors including financial services, payments, health 
        care, energy, property management, and intellectual property management: 
        Now, therefore, be it
    Resolved, That it is the sense of the House of Representatives that--
            (1) the United States should develop a national policy to encourage 
        the development of tools for consumers to learn and protect their assets 
        in a way that maximizes the promise customized, connected devices hold 
        to empower consumers, foster future economic growth, create new commerce 
        and new markets;
            (2) the United States should prioritize accelerating the development 
        of alternative technologies that support transparency, security, and 
        authentication in a way that recognizes their benefits, allows for 
        future innovation, and responsibly protects consumers' personal 
        information;
            (3) the United States should recognize that technology experts can 
        play an important role in the future development of consumer-facing 
        technology applications for manufacturing, automobiles, 
        telecommunications, tourism, health care, energy, and general commerce;
            (4) the United States should support further innovation, and 
        economic growth, and ensure cybersecurity, and the protection of 
        consumer privacy; and
            (5) innovators in technology, manufacturing, automobiles, 
        telecommunications, tourism, health care, and energy industries should 
        commit to improving the quality of life for future generations by 
        developing safe and consumer protective, new technology aimed at 
        improving consumers' access to commerce.
            Attest:

                                                                          Clerk.