Bill Sponsor
House Bill 4763
118th Congress(2023-2024)
Financial Innovation and Technology for the 21st Century Act
Active
Amendments
Active
Passed House on May 22, 2024
Overview
Text
Introduced
Jul 20, 2023
Latest Action
Sep 9, 2024
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
4763
Congress
118
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
Republican
Pennsylvania
Republican
Arkansas
Republican
Indiana
Republican
Minnesota
Republican
North Carolina
Democrat
North Carolina
Republican
South Dakota
House Votes (1)
Senate Votes (0)
checkPassed on May 22, 2024
Question
On Passage
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
Recorded Vote
Roll Number
226
House Roll Call Votes
Yes
Alabama
Alabama
Yes
Alabama
Alabama
Yes
Alabama
Alabama
Yes
Alabama
Alabama
Yes
Alabama
Alabama
Yes
Alabama
Alabama
No
Alabama
Alabama
Yes
Alaska
Alaska
No
Arizona
Arizona
Arizona
Yes
Arizona
Arizona
Yes
Arizona
Arizona
Yes
Arizona
Arizona
Yes
Arizona
Arizona
Yes
Arizona
Arizona
Didn't Vote
Arizona
Arizona
Yes
Arizona
Arizona
Yes
Arkansas
Arkansas
Yes
Arkansas
Arkansas
Yes
Arkansas
Arkansas
Yes
Arkansas
Arkansas
Yes
California
California
Yes
California
California
Yes
California
California
No
California
California
No
California
California
Yes
California
California
Yes
California
California
No
California
California
Yes
California
California
Yes
California
California
No
California
California
No
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
No
California
California
Yes
California
California
Yes
California
California
No
California
California
No
California
California
No
California
California
No
California
California
Yes
California
California
Yes
California
California
Yes
California
California
No
California
California
No
California
California
No
California
California
No
California
California
No
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
Yes
California
California
California
No
California
California
Yes
California
California
No
California
California
Yes
California
California
Yes
California
California
No
California
California
No
California
California
Yes
California
California
California
Yes
California
California
Yes
California
California
No
California
California
Yes
California
California
Yes
California
California
Colorado
No
Colorado
Colorado
Yes
Colorado
Colorado
No
Colorado
Colorado
No
Colorado
Colorado
Yes
Colorado
Colorado
Yes
Colorado
Colorado
No
Connecticut
Connecticut
Yes
Connecticut
Connecticut
No
Connecticut
Connecticut
No
Connecticut
Connecticut
No
Connecticut
Connecticut
Delaware
Yes
Florida
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
No
Florida
Florida
Yes
Florida
Florida
No
Florida
Florida
Florida
Florida
Yes
Florida
Florida
No
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
Yes
Florida
Florida
Yes
Georgia
Georgia
Yes
Georgia
Georgia
Didn't Vote
Georgia
Georgia
Yes
Georgia
Georgia
No
Georgia
Georgia
Yes
Georgia
Georgia
No
Georgia
Georgia
Yes
Georgia
Georgia
Georgia
Yes
Georgia
Georgia
Georgia
Georgia
Yes
Georgia
Georgia
Georgia
No
Hawaii
Hawaii
Hawaii
Yes
Idaho
Idaho
Yes
Idaho
Idaho
No
Illinois
Illinois
Yes
Illinois
Illinois
No
Illinois
Illinois
Yes
Illinois
Illinois
Illinois
Yes
Illinois
Illinois
No
Illinois
Illinois
Illinois
Illinois
Illinois
Yes
Illinois
Illinois
Yes
Illinois
Illinois
Yes
Illinois
Illinois
Yes
Illinois
Illinois
Illinois
No
Illinois
Illinois
No
Illinois
Illinois
No
Indiana
Indiana
Yes
Indiana
Indiana
Indiana
Yes
Indiana
Indiana
Yes
Indiana
Indiana
Yes
Indiana
Indiana
Yes
Indiana
Indiana
Yes
Indiana
Indiana
Yes
Indiana
Indiana
Iowa
Iowa
Didn't Vote
Iowa
Iowa
Yes
Kansas
Kansas
Yes
Kansas
Kansas
Kansas
Yes
Kansas
Kansas
Yes
Kentucky
Kentucky
Yes
Kentucky
Kentucky
Yes
Kentucky
Kentucky
Yes
Kentucky
Kentucky
No
Kentucky
Kentucky
Didn't Vote
Kentucky
Kentucky
Yes
Louisiana
Louisiana
Yes
Louisiana
Louisiana
Yes
Louisiana
Louisiana
Yes
Louisiana
Louisiana
Didn't Vote
Louisiana
Louisiana
No
Louisiana
Louisiana
Maine
Maine
Yes
Maryland
Maryland
No
Maryland
Maryland
Maryland
No
Maryland
Maryland
No
Maryland
Maryland
No
Maryland
Maryland
No
Maryland
Maryland
No
Maryland
Maryland
No
Massachusetts
Massachusetts
No
Massachusetts
Massachusetts
Yes
Massachusetts
Massachusetts
No
Massachusetts
Massachusetts
Yes
Massachusetts
Massachusetts
No
Massachusetts
Massachusetts
No
Massachusetts
Massachusetts
Yes
Massachusetts
Massachusetts
No
Massachusetts
Massachusetts
Yes
Michigan
Michigan
No
Michigan
Michigan
No
Michigan
Michigan
Yes
Michigan
Michigan
Yes
Michigan
Michigan
Michigan
Yes
Michigan
Michigan
Yes
Michigan
Michigan
Yes
Michigan
Michigan
Yes
Michigan
Michigan
No
Michigan
Michigan
Yes
Michigan
Michigan
Yes
Michigan
Michigan
Yes
Minnesota
Minnesota
No
Minnesota
Minnesota
Yes
Minnesota
Minnesota
Yes
Minnesota
Minnesota
No
Minnesota
Minnesota
Yes
Minnesota
Minnesota
Yes
Minnesota
Minnesota
Yes
Minnesota
Minnesota
No
Mississippi
Mississippi
Yes
Mississippi
Mississippi
Yes
Mississippi
Mississippi
Yes
Mississippi
Mississippi
Yes
Missouri
Missouri
Missouri
No
Missouri
Missouri
No
Missouri
Missouri
Yes
Missouri
Missouri
Yes
Missouri
Missouri
Yes
Missouri
Missouri
Yes
Missouri
Missouri
Montana
Yes
Montana
Montana
Yes
Nebraska
Nebraska
Yes
Nebraska
Nebraska
Yes
Nebraska
Nebraska
Yes
Nevada
Nevada
Yes
Nevada
Nevada
Nevada
Yes
Nevada
Nevada
Yes
New Hampshire
New Hampshire
No
New Hampshire
New Hampshire
Yes
New Jersey
New Jersey
No
New Jersey
New Jersey
New Jersey
Yes
New Jersey
New Jersey
No
New Jersey
New Jersey
No
New Jersey
New Jersey
Yes
New Jersey
New Jersey
Yes
New Jersey
New Jersey
Yes
New Jersey
New Jersey
Yes
New Jersey
New Jersey
Yes
New Jersey
New Jersey
No
New Mexico
New Mexico
Didn't Vote
New Mexico
New Mexico
New Mexico
New York
New York
Yes
New York
New York
New York
Yes
New York
New York
Yes
New York
New York
New York
Yes
New York
New York
No
New York
New York
No
New York
New York
No
New York
New York
No
New York
New York
No
New York
New York
No
New York
New York
New York
Yes
New York
New York
New York
No
New York
New York
New York
Didn't Vote
New York
New York
Yes
New York
New York
No
New York
New York
Yes
New York
New York
Yes
New York
New York
Yes
New York
New York
No
New York
New York
No
North Carolina
North Carolina
Yes
North Carolina
North Carolina
Yes
North Carolina
North Carolina
Yes
North Carolina
North Carolina
No
North Carolina
North Carolina
Yes
North Carolina
North Carolina
Didn't Vote
North Carolina
North Carolina
Yes
North Carolina
North Carolina
No
North Carolina
North Carolina
Yes
North Carolina
North Carolina
Yes
North Carolina
North Carolina
No
North Carolina
North Carolina
Yes
North Carolina
North Carolina
Yes
North Carolina
North Carolina
Yes
North Dakota
North Dakota
Yes
Ohio
Ohio
Ohio
Yes
Ohio
Ohio
Didn't Vote
Ohio
Ohio
Yes
Ohio
Ohio
Ohio
Ohio
Ohio
Yes
Ohio
Ohio
Ohio
Ohio
Ohio
Ohio
Yes
Oklahoma
Oklahoma
Yes
Oklahoma
Oklahoma
Yes
Oklahoma
Oklahoma
Yes
Oklahoma
Oklahoma
Yes
Oklahoma
Oklahoma
Oregon
Yes
Oregon
Oregon
Didn't Vote
Oregon
Oregon
Oregon
Oregon
No
Oregon
Oregon
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Didn't Vote
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
No
Pennsylvania
Pennsylvania
No
Pennsylvania
Pennsylvania
No
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
No
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
No
Rhode Island
Rhode Island
Didn't Vote
Rhode Island
Rhode Island
No
South Carolina
South Carolina
Yes
South Carolina
South Carolina
Yes
South Carolina
South Carolina
Yes
South Carolina
South Carolina
Yes
South Carolina
South Carolina
Yes
South Carolina
South Carolina
Yes
South Carolina
South Carolina
Yes
South Dakota
South Dakota
Yes
Tennessee
Tennessee
Yes
Tennessee
Tennessee
Yes
Tennessee
Tennessee
Yes
Tennessee
Tennessee
Yes
Tennessee
Tennessee
Yes
Tennessee
Tennessee
Yes
Tennessee
Tennessee
No
Tennessee
Tennessee
Yes
Tennessee
Tennessee
No
Texas
Texas
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
No
Texas
Texas
Texas
Yes
Texas
Texas
Texas
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
Yes
Texas
Texas
Texas
Texas
Yes
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Texas
Yes
Texas
Texas
Texas
Yes
Texas
Texas
Texas
Texas
Didn't Vote
Texas
Texas
Texas
Texas
Yes
Texas
Texas
Texas
Texas
Didn't Vote
Texas
Texas
Utah
Utah
Utah
Utah
No
Vermont
Vermont
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
No
Virginia
Virginia
Yes
Virginia
Virginia
No
Virginia
Virginia
Virginia
Virginia
No
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
No
Washington
Washington
Washington
Yes
Washington
Washington
No
Washington
Washington
No
Washington
Washington
Washington
Yes
Washington
Washington
No
Washington
Washington
No
Washington
Washington
Yes
Washington
Washington
Yes
West Virginia
West Virginia
Yes
West Virginia
West Virginia
Yes
Wisconsin
Wisconsin
Yes
Wisconsin
Wisconsin
Yes
Wisconsin
Wisconsin
Didn't Vote
Wisconsin
Wisconsin
No
Wisconsin
Wisconsin
Yes
Wisconsin
Wisconsin
Yes
Wisconsin
Wisconsin
Wyoming
Summary

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.

Text (4)
September 9, 2024
May 22, 2024
July 20, 2023
Amendments (4)
Displaying only amendments with a detailed public record (2)
May 22, 2024
Agreed to in House
1
Sponsorship
House Amendment 921
Amendment requires a study on the impact of digital asset registrants owned by foreign adversaries.
Agreed To
May 22, 2024
Not Agreed to in House
1
Sponsorship
House Amendment 919
Amendment sought to change the new crowdfunding exemption from $75 million to $5 million.
Active