# 119-hr-7732: Promoting Innovation in Blockchain Development Act

119-hr-7732, Promoting Innovation in Blockchain Development Act, is a 119th Congress bill sponsored by Rep. Fitzgerald, Scott [R-WI-5] (R-WI); status introduced (as of 2026-10-31).

- Canonical: https://policyrisk.com/legislation/119-hr-7732
- As of: 2026-10-31
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7732
- Congress: 119
- Title: Promoting Innovation in Blockchain Development Act
- Status: introduced
- Introduced: 2026-02-26
- Sponsor: Rep. Fitzgerald, Scott [R-WI-5] (R-WI)
- Cosponsors: 22
- Policy area: Crime and Law Enforcement
- Touches household money: no
- Last recorded action: 2026-10-31

## 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.

## Cosponsors (22)

- Rep. Steil, Bryan [R-WI-1] (R-WI), 2026-10-29T00:00:00.000Z
- Rep. Meuser, Daniel [R-PA-9] (R-PA), 2026-10-29T00:00:00.000Z
- Rep. Emmer, Tom [R-MN-6] (R-MN), 2026-10-29T00:00:00.000Z
- Rep. Letlow, Julia [R-LA-5] (R-LA), 2026-10-22T00:00:00.000Z
- Rep. Lofgren, Zoe [D-CA-18] (D-CA), 2026-02-26T00:00:00.000Z
- Rep. Cline, Ben [R-VA-6] (R-VA), 2026-02-26T00:00:00.000Z
- Rep. Moore, Barry [R-AL-1] (R-AL), 2026-03-03T00:00:00.000Z
- Rep. Landsman, Greg [D-OH-1] (D-OH), 2026-03-26T00:00:00.000Z
- Rep. Nehls, Troy E. [R-TX-22] (R-TX), 2026-04-14T00:00:00.000Z
- Rep. Carey, Mike [R-OH-15] (R-OH), 2026-04-22T00:00:00.000Z
- Rep. Grothman, Glenn [R-WI-6] (R-WI), 2026-04-27T00:00:00.000Z
- Rep. Thanedar, Shri [D-MI-13] (D-MI), 2026-04-27T00:00:00.000Z
- Rep. Davidson, Warren [R-OH-8] (R-OH), 2026-05-12T00:00:00.000Z
- Rep. Veasey, Marc A. [D-TX-33] (D-TX), 2026-06-09T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2026-06-23T00:00:00.000Z
- Rep. Figures, Shomari [D-AL-2] (D-AL), 2026-06-24T00:00:00.000Z
- Rep. Garbarino, Andrew R. [R-NY-2] (R-NY), 2026-06-30T00:00:00.000Z
- Rep. Torres, Ritchie [D-NY-15] (D-NY), 2026-08-03T00:00:00.000Z
- Rep. Carter, Earl L. "Buddy" [R-GA-1] (R-GA), 2026-08-03T00:00:00.000Z
- Rep. Sorensen, Eric [D-IL-17] (D-IL), 2026-09-14T00:00:00.000Z
- Rep. Huizenga, Bill [R-MI-4] (R-MI), 2026-09-14T00:00:00.000Z
- Rep. Moore, Riley M. [R-WV-2] (R-WV), 2026-09-14T00:00:00.000Z

## Provisions PRIA read

- New penalties for unlicensed money handlers: cost, low. 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 v…

## Related bills

- 119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act
- 119-hr-1422: Enhanced Iran Sanctions Act of 2025
- 119-hr-1502: North Platte Canteen Congressional Gold Medal Act
- 119-hr-452: Miracle on Ice Congressional Gold Medal Act
- 119-hr-979: AM Radio for Every Vehicle Act of 2025
- 119-hr-1628: 761st Tank Battalion Congressional Gold Medal Act

## Sources
- [119-hr-7732 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7732)

## Related
- [119-hr-4382: America’s Olympic and Paralympic Games Commemorative Coins Act](https://policyrisk.com/legislation/119-hr-4382)
- [119-hr-1422: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-hr-1422)
- [119-hr-1502: North Platte Canteen Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-1502)
- [119-hr-452: Miracle on Ice Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-452)
- [119-hr-979: AM Radio for Every Vehicle Act of 2025](https://policyrisk.com/legislation/119-hr-979)
- [119-hr-1628: 761st Tank Battalion Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-1628)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7732 (as of 2026-10-31).