# 119-s-4157: No Bailout for Crypto Act

119-s-4157, No Bailout for Crypto Act, is a 119th Congress bill sponsored by Sen. Durbin, Richard J. [D-IL] (D-IL); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-4157
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4157
- Congress: 119
- Title: No Bailout for Crypto Act
- Status: introduced
- Introduced: 2026-03-19
- Sponsor: Sen. Durbin, Richard J. [D-IL] (D-IL)
- Cosponsors: 6
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Prohibits federal bailouts for crypto and related entities.** This bill would bar federal financial assistance, emergency Federal Reserve liquidity facilities, and Exchange Stabilization Fund support for defined digital asset intermediaries, decentralized finance protocols, and related service providers, while preserving the Fed's authority to lend to depository institutions. - Digital asset market participants: Digital asset intermediaries, digital asset service providers, distributed ledger protocols, and decentralized finance trading protocols would be explicitly excluded from federal financial assistance, emergency liquidity under section 13(3) of the Federal Reserve Act, and Exchange Stabilization Fund support. - Regulated banks and financial service providers: Covered financial service providers cannot receive federal support for their digital asset activities, but the bill preserves the Federal Reserve's ability to lend to depository institutions under section 10B of the Federal Reserve Act. - Scope and legal alignment: Definitions borrow terms from the GENIUS Act and reference the Bank Holding Company Act and Federal Deposit Insurance Act to harmonize interpretations. The text focuses on cutting off federal backstops rather than creating new regulatory programs.

## Cosponsors (6)

- Sen. Warren, Elizabeth [D-MA] (D-MA), 2026-03-19T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2026-03-19T00:00:00.000Z
- Sen. Sanders, Bernard [I-VT] (I-VT), 2026-03-19T00:00:00.000Z
- Sen. Smith, Tina [D-MN] (D-MN), 2026-03-19T00:00:00.000Z
- Sen. Hirono, Mazie K. [D-HI] (D-HI), 2026-03-19T00:00:00.000Z
- Sen. Merkley, Jeff [D-OR] (D-OR), 2026-03-20T00:00:00.000Z

## Provisions PRIA read

- Ban federal bailouts for crypto: cost, medium. This bill would bar many federal bailouts and emergency support for crypto-related firms and services. Federal agencies would be prohibited from giving financial assistance to digital asset intermediaries, digital asset service providers, distributed ledger protocols, and DeFi trading protocols to…
- New crypto definitions and Fed carve-out: mixed, medium. This bill would add statutory definitions for blockchain, decentralized finance trading protocols, digital asset intermediaries, and financial service providers. It would adopt the GENIUS Act meanings for digital asset, digital asset service provider, and distributed ledger protocol and tie "digita…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-5071: Children's Safe Welcome Act of 2026
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2823: FAMILY Act
- 119-s-2763: Keep Billionaires Out of Social Security Act
- 119-s-3869: Healthy Families Act

## Sources
- [119-s-4157 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4157)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-5071: Children's Safe Welcome Act of 2026](https://policyrisk.com/legislation/119-s-5071)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [119-s-2763: Keep Billionaires Out of Social Security Act](https://policyrisk.com/legislation/119-s-2763)
- [119-s-3869: Healthy Families Act](https://policyrisk.com/legislation/119-s-3869)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4157 (as of 2026-04-21).