Bill Sponsor
House Bill 8989
116th Congress(2019-2020)
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
Introduced
Introduced in House on Dec 16, 2020
Overview
Text
Introduced
Dec 16, 2020
Latest Action
Dec 16, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
8989
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
Massachusetts
Republican
Minnesota
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

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.

Text (1)
December 16, 2020
Actions (2)
12/16/2020
Referred to the House Committee on Financial Services.
12/16/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:43:58 PM