Financial Innovation and Technology for the 21st Century Act
Policy Area: Finance and Financial Sector
Sponsor: Rep. Thompson, Glenn [R-PA-15] (R-PA)
Latest Action (2024-09-09): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.
Subjects: Administrative law and regulatory procedures, Advanced technology and technological innovations, Commodities markets, Commodity Futures Trading Commission, Computers and information technology, Currency, Digital media, Licensing and registrations
Filter by Yea, Nay, or Absent
How members voted on HR4763. 367 total positions across all roll calls for this bill.
| Member | Date | Question | Vote | Result |
|---|---|---|---|---|
| Robert B. Aderholt (R-Alabama) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Jake Auchincloss (D-Massachusetts) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Mark E. Amodei (R-Nevada) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Alma S. Adams (D-North Carolina) | 2024-05-22 | Recorded Vote | Nay | Passed |
| Pete Aguilar (D-California) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Rick W. Allen (R-Georgia) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Jodey C. Arrington (R-Texas) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Mark Alford (R-Missouri) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Gabe Amo (D-Rhode Island) | 2024-05-22 | Recorded Vote | Nay | Passed |
| Sanford D. Bishop (D-Georgia) | 2024-05-22 | Recorded Vote | Nay | Passed |
| Cliff Bentz (R-Oregon) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Stephanie I. Bice (R-Oklahoma) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Lauren Boebert (R-Colorado) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Gus M. Bilirakis (R-Florida) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Vern Buchanan (R-Florida) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Suzanne Bonamici (D-Oregon) | 2024-05-22 | Recorded Vote | Nay | Passed |
| Joyce Beatty (D-Ohio) | 2024-05-22 | Recorded Vote | Nay | Passed |
| Andy Barr (R-Kentucky) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Julia Brownley (D-California) | 2024-05-22 | Recorded Vote | Nay | Passed |
| Ami Bera (D-California) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Brian Babin (R-Texas) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Donald S. Beyer (D-Virginia) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Mike Bost (R-Illinois) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Brendan F. Boyle (D-Pennsylvania) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Don Bacon (R-Nebraska) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Jim Banks (R-Indiana) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Nanette Diaz Barragán (D-California) | 2024-05-22 | Recorded Vote | Nay | Passed |
| Jack Bergman (R-Michigan) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Andy Biggs (R-Arizona) | 2024-05-22 | Recorded Vote | Nay | Passed |
| Lisa Blunt Rochester (D-Delaware) | 2024-05-22 | Recorded Vote | Nay | Passed |
| Troy Balderson (R-Ohio) | 2024-05-22 | Recorded Vote | Yea | Passed |
| James R. Baird (R-Indiana) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Tim Burchett (R-Tennessee) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Shontel M. Brown (D-Ohio) | 2024-05-22 | Recorded Vote | Nay | Passed |
| Aaron Bean (R-Florida) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Nikki Budzinski (D-Illinois) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Eric Burlison (R-Missouri) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Josh Brecheen (R-Oklahoma) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Becca Balint (D-Vermont) | 2024-05-22 | Recorded Vote | Nay | Passed |
| Ken Calvert (R-California) | 2024-05-22 | Recorded Vote | Yea | Passed |
| James E. Clyburn (D-South Carolina) | 2024-05-22 | Recorded Vote | Nay | Passed |
| Kat Cammack (R-Florida) | 2024-05-22 | Recorded Vote | Yea | Passed |
| John R. Carter (R-Texas) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Tom Cole (R-Oklahoma) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Ed Case (D-Hawaii) | 2024-05-22 | Recorded Vote | Nay | Passed |
| Jim Costa (D-California) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Emanuel Cleaver (D-Missouri) | 2024-05-22 | Recorded Vote | Nay | Passed |
| Henry Cuellar (D-Texas) | 2024-05-22 | Recorded Vote | Yea | Passed |
| Kathy Castor (D-Florida) | 2024-05-22 | Recorded Vote | Nay | Passed |
| Yvette D. Clarke (D-New York) | 2024-05-22 | Recorded Vote | Nay | Passed |
Showing 50 of 367 positions. JavaScript-enabled view supports filter by Yea/Nay/Absent and pagination.
