Legislation· Sep 2024Sponsored by Glenn Thompson (R)
Financial Innovation and Technology for the 21st Century Act
Would have created a federal framework splitting digital asset oversight between the CFTC and SEC.
Tradeoff
Would have let the CFTC regulate some digital assets as commodities and the SEC regulate others as securities. Would have set sales limits and disclosure rules for digital asset issuers.
What's in it
The House passed this 279-136 on May 22, 2024. The Senate never voted on it before the Congress ended, so the bill expired.
House
Introduced
(Jul 20, 2023)
House
Committee on Financial Services(Jul 20, 2023)
The bill went to more than one committee at the same time.
House
The Committee on Agriculture voted to send it to the floor
Reported(Jul 26, 2023)
Committee report H. Rept. 118-484, Part I.
House
The Committee on Financial Services voted to send it to the floor
Reported(Jul 27, 2023)
Committee report H. Rept. 118-484, Part II.
House
Passage of the bill
Passed(Roll #226 · May 22, 2024)
279 yeanay 136Senate
Received from the House
on Banking, Housing, and Urban Affairs(Sep 9, 2024)
- J. French Hill (R-AR)
- Dusty Johnson (R-SD)
- Warren Davidson (R-OH)
- Tom Emmer (R-MN)
- Marcus J. Molinaro (R-NY)
- Henry Cuellar (D-TX)
- Wiley Nickel (D-NC)
- John R. Curtis (R-UT)
- Jim Banks (R-IN)
- Patrick T. McHenry (R-NC)
- Ritchie Torres (D-NY)
Passage votes· May 22, 2024· 118th Congress · 2023–2025