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119-hr-7732119th Congress

Promoting Innovation in Blockchain Development Act

Sponsored By: Representative Fitzgerald, Scott [R-WI-5]

Introduced

Summary

Expands criminal liability to people who exercise control over currency, funds, or substitute value. This bill would amend 18 U.S.C. §1960(a) by inserting the phrase "exercises control over currency, funds, or other value that substitutes for currency, and" immediately after the words "Whoever knowingly." The rest of §1960(a) remains unchanged. The change would broaden the elements of the offense to cover persons who exercise control over those assets. The bill includes no new funding, programs, or eligibility changes.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

New penalties for unlicensed money handlers

This bill would broaden criminal rules on unlicensed money transmission. It would insert the phrase "exercises control over currency, funds, or other value that substitutes for currency, and" into 18 U.S.C. §1960(a). If enacted, people or businesses that knowingly control others' money or digital value while moving it without a license would face criminal liability. The change would take effect upon enactment and is aimed at strengthening law enforcement and market integrity.

Sponsors & CoSponsors

Sponsor

Fitzgerald, Scott [R-WI-5]

WI • R

Cosponsors

  • Rep. Steil, Bryan [R-WI-1]

    WI • R

    Sponsored 10/29/2026

  • Rep. Meuser, Daniel [R-PA-9]

    PA • R

    Sponsored 10/29/2026

  • Rep. Emmer, Tom [R-MN-6]

    MN • R

    Sponsored 10/29/2026

  • Rep. Letlow, Julia [R-LA-5]

    LA • R

    Sponsored 10/22/2026

  • Rep. Lofgren, Zoe [D-CA-18]

    CA • D

    Sponsored 2/26/2026

  • Rep. Cline, Ben [R-VA-6]

    VA • R

    Sponsored 2/26/2026

  • Rep. Moore, Barry [R-AL-1]

    AL • R

    Sponsored 3/3/2026

  • Rep. Landsman, Greg [D-OH-1]

    OH • D

    Sponsored 3/26/2026

  • Rep. Nehls, Troy E. [R-TX-22]

    TX • R

    Sponsored 4/14/2026

  • Rep. Carey, Mike [R-OH-15]

    OH • R

    Sponsored 4/22/2026

  • Rep. Grothman, Glenn [R-WI-6]

    WI • R

    Sponsored 4/27/2026

  • Rep. Thanedar, Shri [D-MI-13]

    MI • D

    Sponsored 4/27/2026

  • Rep. Davidson, Warren [R-OH-8]

    OH • R

    Sponsored 5/12/2026

  • Rep. Veasey, Marc A. [D-TX-33]

    TX • D

    Sponsored 6/9/2026

  • Rep. Lawler, Michael [R-NY-17]

    NY • R

    Sponsored 6/23/2026

  • Rep. Figures, Shomari [D-AL-2]

    AL • D

    Sponsored 6/24/2026

  • Rep. Garbarino, Andrew R. [R-NY-2]

    NY • R

    Sponsored 6/30/2026

  • Rep. Torres, Ritchie [D-NY-15]

    NY • D

    Sponsored 8/3/2026

  • Rep. Carter, Earl L. "Buddy" [R-GA-1]

    GA • R

    Sponsored 8/3/2026

  • Rep. Sorensen, Eric [D-IL-17]

    IL • D

    Sponsored 9/14/2026

  • Rep. Huizenga, Bill [R-MI-4]

    MI • R

    Sponsored 9/14/2026

  • Rep. Moore, Riley M. [R-WV-2]

    WV • R

    Sponsored 9/14/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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