# 116-hr-8989: 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.

116-hr-8989, 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., is a 116th Congress bill sponsored by Rep. Lynch, Stephen F. [D-MA-8] (D-MA); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-8989
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-8989
- Congress: 116
- Title: 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.
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2020-12-16
- Sponsor: Rep. Lynch, Stephen F. [D-MA-8] (D-MA)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Cosponsors (1)

- Rep. Emmer, Tom [R-MN-6] (R-MN), 2020-12-16T00:00:00.000Z

## Related bills

- 116-hr-7642: Coronavirus Economic Relief for Transportation Services Act
- 116-hr-5957: K2 Veterans Toxic Exposure Accountability Act of 2020
- 116-hr-4634: Terrorism Risk Insurance Program Reauthorization Act of 2019
- 116-hr-4194: National Suicide Hotline Designation Act of 2019
- 116-hr-4104: Negro Leagues Baseball Centennial Commemorative Coin Act
- 116-hr-3632: Fair and Open Skies Act

## Sources
- [116-hr-8989 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/8989)

## Related
- [116-hr-7642: Coronavirus Economic Relief for Transportation Services Act](https://policyrisk.com/legislation/116-hr-7642)
- [116-hr-5957: K2 Veterans Toxic Exposure Accountability Act of 2020](https://policyrisk.com/legislation/116-hr-5957)
- [116-hr-4634: Terrorism Risk Insurance Program Reauthorization Act of 2019](https://policyrisk.com/legislation/116-hr-4634)
- [116-hr-4194: National Suicide Hotline Designation Act of 2019](https://policyrisk.com/legislation/116-hr-4194)
- [116-hr-4104: Negro Leagues Baseball Centennial Commemorative Coin Act](https://policyrisk.com/legislation/116-hr-4104)
- [116-hr-3632: Fair and Open Skies Act](https://policyrisk.com/legislation/116-hr-3632)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-8989 (as of 2025-11-18).