All Roll Calls
Yes: 294 • No: 134
Sponsored By: Representative Hill (AR)
Passed House
Would create a comprehensive federal framework to regulate digital assets, stablecoins, exchanges, and custody across the SEC and CFTC. It would set rules for issuer disclosures and a maturity test for blockchains, register digital-commodity exchanges and brokers, require qualified custodians, protect individual self-custody, and prohibit a retail Federal Reserve CBDC.
24 provisions identified: 12 benefits, 0 costs, 12 mixed.
If enacted, exchanges would have to keep your funds and coins separate from the firm’s money. Customer assets would be treated as your property in bankruptcy, with only narrow exceptions and limited, approved investments. The bill would also create “qualified digital asset custodians” with rules on supervision, capital, audits, AML, cybersecurity, and business continuity. The Commission could set details and pause custodian requirements in special cases.
If enacted, the Federal Reserve would be barred from offering accounts to individuals or issuing a central bank digital currency (CBDC) for the public. The Fed could not test, study, develop, or use a CBDC to run monetary policy. An exception remains for private, dollar‑denominated, open and permissionless systems that keep cash‑like privacy protections.
The bill would set detailed legal definitions for digital assets, affiliated and related persons, and mature blockchain systems. It would also say that many DeFi and blockchain infrastructure tasks—like running nodes, relaying transactions, building interfaces, or self‑custody software—do not by themselves trigger regulation under this Act or the Exchange Act. Anti‑fraud and anti‑manipulation powers would still apply. Key terms would be harmonized across laws for consistency.
If enacted, digital commodities and permitted payment stablecoins would not be treated as securities. Anti-fraud and anti-manipulation rules would still apply when trades go through brokers or exchanges. The CFTC would oversee spot digital-asset trades on registered platforms, with limits for banking custody and securities sales. SIPA would not treat permitted payment stablecoins as cash. For stablecoins on registered venues, agency rules would cover trading conduct, not how issuers run their coins.
Brokers and dealers would need to give you written warnings before holding your digital assets, explaining how they could be treated in bankruptcy and how that differs from cash and securities. Registered platforms would have to provide plain‑language education on how blockchain works, common risks, reporting duties, and how to spot fraud. Exchanges would need certifications or public disclosures before listing a token, with most reviews done in 20 business days (1 business day if previously certified). The SEC would set simple, standardized, plain‑English disclosures about code, supply and governance, verification steps, trading volume, and volatility. Brokers and dealers would also face fair‑communication and anti‑fraud conduct rules toward retail customers.
If enacted, firms that hold your digital assets would not be allowed to use them as their own. 'Use' would include staking, validation, or governance unless you direct it. Exchanges could use your tokens for blockchain services only if you give clear written permission and they meet set conditions. The ban would start right away; the consent rule would follow the bill’s default start date.
If enacted, digital‑asset exchanges and their affiliates would be barred from proprietary trading on their own platforms. Narrow exceptions would allow customer‑directed, risk‑management, operational, or functional blockchain‑use trades, with notice to the Commission. The Commission could add conditions to protect customers and market integrity.
If enacted, the SEC could not block a trading platform from using certain exchange‑registration exemptions just because it lists digital commodities or payment stablecoins. An ATS mainly trading those assets would not be treated as a national exchange facility. This could open more compliant places to trade.
Issuers could raise up to $50,000,000 in 12 months (inflation‑adjusted) without full registration if they follow new disclosure and reporting rules. No buyer could own more than 10% after a sale. Projects would have up to 4 years to reach a “mature blockchain system,” with semiannual reports until maturity. The SEC must write rules within 360 days and extra failure‑to‑mature rules within 270 days. Intermediaries must register as brokers or dealers and join a national securities association.
If enacted, permitted payment stablecoin issuers would need monthly examinations by a registered accounting firm and monthly CEO/CFO certifications, with criminal penalties for knowing false statements. They would need internal controls and an annual independent attestation. Non‑financial companies could not control nonbank qualified stablecoin issuers, and the Federal Reserve Board must clarify what counts as financial activities within 180 days of a related act.
If enacted, most changes would start 360 days after the bill is signed. Rules that need regulations would start later: the later of 360 days or 60 days after the final rule is published. Some items use other deadlines, like 180 or 270 days.
Digital‑asset brokers, dealers, and certain exchanges would be added to Bank Secrecy Act rules. Treasury (FinCEN), with the CFTC, would tailor AML requirements to firm size and complexity. Firms would need programs for risk assessment, policies and controls, a compliance officer, training, independent audits, records, suspicious activity reporting (including blockchain analytics), customer identification, and OFAC sanctions compliance.
Projects, exchanges, or other eligible filers could certify a blockchain as a “mature blockchain system” if no one controls it. The Commission could rebut within 60 days or extend review once (with a public comment period). Separately, control persons of a certified mature system would face sale limits and public‑disclosure rules, and may need to use a broker. These steps aim to add clarity and reduce manipulation risk.
If enacted, some blockchain tokens would not count as “investment contracts,” and many secondary sales and end‑user distributions would not be treated like securities offerings. The bill would treat digital commodities as “covered securities,” limiting duplicative state rules, and let the SEC grant exemptions by order. These moves could lower compliance in some areas while changing which regulators lead.
If enacted, acting as a digital‑asset exchange, broker, or dealer without CFTC registration would be unlawful. Firms would face daily trade‑record and communication retention rules, and exchanges would need emergency powers to move or close positions or pause trading when needed. The CFTC must create an expedited registration in 180 days; some firms could operate in provisional status for a limited time. Provisional registrants would pay initial and annual fees, with a late penalty of 5% of the fee for each full 30‑day period late; schedules must be published in advance and small or medium filers can get reductions.
If enacted, regulated firms could use blockchain records to meet books‑and‑records rules, subject to SEC standards issued within 180 days. Agencies could not force firms to book customer‑custodied assets as liabilities or hold capital against those assets or reserves, except as needed for operational risk. This could lower costs while keeping safety checks.
If enacted, the Commission would set minimum capital rules for digital commodity brokers and dealers. Exchanges would need funds equal to one year of operating costs plus customer obligations. The Commission would also set rules for margin loans and rehypothecation for digital assets, including disclosures, capital, and supervision. These changes aim to cut risk but could raise firm costs.
Some contracts of sale—when offered or traded on registered entities—would be treated as digital commodities and brought under CFTC tools and protections. The Commission could set rules on disclosure, recordkeeping, capital, conduct, and segregation to protect customers and market integrity. One part would take effect 270 days after enactment; another would take effect upon enactment.
If enacted, securities brokers and dealers could also register with the CFTC as digital-commodity brokers or dealers. Stock exchanges and some alternative trading systems could register as digital-commodity exchanges. Applicants would have to give the SEC notice in the form it requires. Most changes would start about 360 days after enactment.
If enacted, firms registered with both the SEC and CFTC would need written policies to find and fix conflicts of interest. The CFTC would set conflict‑mitigation rules, including for vertically integrated firms. The SEC would create exemptions to avoid duplicative rules while protecting investors, and the agencies would coordinate supervision via a memorandum of understanding.
If enacted, you would have the right to hold digital assets in your own wallet for personal use. You could send assets directly to another person if the counterparty is not a financial institution and the transfer does not involve blocked or sanctioned property. This right would not apply when you act as a custodian or fiduciary for others. Agencies would still enforce anti‑money‑laundering and sanctions laws.
If enacted, existing ethics laws would be read to bar Members of Congress and senior executive officials from issuing digital commodities while in office. The bill also clarifies how certain federal ethics rules apply to covered employees. This aims to reduce conflicts of interest.
If enacted, the CFTC would codify LabCFTC and the SEC would launch a Strategic Hub for Innovation and Financial Technology (FinHub). These offices would engage with innovators, advise on rules, and report annually by October 31 after 2025. This aims to support clearer, up‑to‑date oversight.
If enacted, a Federal Reserve statutory surplus amount would drop by $15 million. The change would take effect on September 30, 2035. This is an accounting change and would not directly raise household taxes or fees.
Hill (AR)
AR • R
Thompson (PA)
PA • R
Sponsored 5/29/2025
Craig
MN • D
Sponsored 5/29/2025
Emmer
MN • R
Sponsored 5/29/2025
Johnson (SD)
SD • R
Sponsored 5/29/2025
Davis (NC)
NC • D
Sponsored 5/29/2025
Steil
WI • R
Sponsored 5/29/2025
Torres (NY)
NY • D
Sponsored 5/29/2025
Davidson
OH • R
Sponsored 5/29/2025
Gottheimer
NJ • D
Sponsored 6/2/2025
Huizenga
MI • R
Sponsored 6/5/2025
Nunn (IA)
IA • R
Sponsored 6/20/2025
Lawler
NY • R
Sponsored 6/20/2025
Meuser
PA • R
Sponsored 6/20/2025
Carter (GA)
GA • R
Sponsored 6/20/2025
Moore (WV)
WV • R
Sponsored 6/20/2025
Begich
AK • R
Sponsored 6/20/2025
McDonald Rivet
MI • D
Sponsored 6/20/2025
Thanedar
MI • D
Sponsored 6/20/2025
Messmer
IN • R
Sponsored 6/20/2025
Bresnahan
PA • R
Sponsored 6/20/2025
Stevens
MI • D
Sponsored 6/23/2025
All Roll Calls
Yes: 294 • No: 134
house vote • 7/17/2025
On Passage
Yes: 294 • No: 134
HR1422 — Enhanced Iran Sanctions Act of 2025
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HR909 — Crime Victims Fund Stabilization Act of 2025
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HCONRES12 — Supporting the Local Radio Freedom Act.
Blocks any new performance fee on local radio broadcasts. This concurrent resolution would state that Congress should not impose any new performance fee, tax, royalty, or other charge for the public performance of sound recordings by local radio stations or businesses that play recorded music. - Local radio stations would be protected from new charges that supporters say could threaten local news, emergency alerts, and community programming. - Small businesses that play music — bars, restaurants, retail stores, venues, and transit centers — would avoid added fees for recorded music. - Performers and record companies are affirmed as benefiting from radio airplay and related promotion for sales and careers. - Listeners and communities would keep free access to local news, weather, public affairs, public service announcements, and charity fundraisers supported by broadcasters.
HR452 — Miracle on Ice Congressional Gold Medal Act
This law awards Congressional Gold Medals to the 1980 U.S. Olympic Men's Ice Hockey Team as a formal recognition of their Lake Placid victory and its lasting effect on American morale and the sport of hockey. It directs the Treasury to strike the medals and sets rules for duplicates, display, and funding. - Team legacy and public recognition: The Act honors the 1980 team with a symbolic national award that reinforces their historical and cultural significance for fans, players, and communities connected to the game. - Museum displays and research access: One gold medal goes to the Lake Placid Olympic Center, one to the United States Hockey Hall of Fame Museum in Eveleth, Minnesota, and one to the United States Olympic & Paralympic Museum in Colorado Springs for display and research. - Mint operations and collectibles: The Secretary of the Treasury will strike the medals, may sell bronze duplicates at prices that cover costs, and classifies the medals as national and numismatic items. The U.S. Mint Public Enterprise Fund pays for production and receives proceeds from duplicate sales.
HR2102 — Major Richard Star Act
Establishes concurrent receipt for retirees with combat-related disabilities. This bill would let eligible retirees receive both military retired pay and veterans' disability compensation for the same months without the offset rules that currently reduce payments. - Families of disabled retirees: Veterans with combat-related disabilities would receive both retired pay and VA disability compensation for the same months, increasing their monthly household income. - Defense and VA payment rules: The bill would amend 10 U.S.C. 1413a and 10 U.S.C. 1414 to exempt retired pay from reductions under 38 U.S.C. 5304 and 5305 and add a clear monthly no-offset rule. - Implementation and technical changes: It renames and updates chapter sections, adjusts cross-references, and applies to payments beginning the first month after enactment.
HR842 — Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
Would expand Medicare to cover multi-cancer early detection screening tests. It defines eligible tests as certain FDA-cleared or approved genomic blood tests or comparable biological-sample tests and directs the Secretary to use the national coverage determinations process to decide when they are covered.
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