Federal · H.R. 4763 · 118th Congress
H.R. 4763
This bill establishes a regulatory framework for digital assets. The Commodity Futures Trading Commission (CFTC) must regulate a digital asset as a commodity if the blockchain, or digital ledger, on which it runs is functional and decentralized.
First two sentences of the Congressional Research Service's summary · Congress.gov ↗
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Latest final vote: Passed · U.S. House · May 22, 2024
Official record ↗Constitution
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All votes
By party
| Party | Yes | No | Present | Not voting |
|---|---|---|---|---|
| Republican | 178 | 2 | 0 | 6 |
| Democratic | 59 | 115 | 0 | 6 |
| Democrat | 2 | 4 | 0 | 0 |
| Independent | 1 | 0 | 0 | 0 |
By state (48)
| State | Yes | No | Present | Not voting |
|---|---|---|---|---|
| AL | 5 | 1 | 0 | 0 |
| AR | 4 | 0 | 0 | 0 |
| AZ | 6 | 1 | 0 | 0 |
| CA | 30 | 21 | 0 | 0 |
| CO | 2 | 3 | 0 | 0 |
| CT | 1 | 4 | 0 | 0 |
| DE | 0 | 1 | 0 | 0 |
| FL | 19 | 5 | 0 | 0 |
| GA | 7 | 3 | 0 | 1 |
| HI | 0 | 2 | 0 | 0 |
| IA | 3 | 0 | 0 | 1 |
| ID | 2 | 0 | 0 | 0 |
| IL | 9 | 8 | 0 | 0 |
| IN | 5 | 2 | 0 | 0 |
| KS | 2 | 1 | 0 | 0 |
| KY | 4 | 1 | 0 | 1 |
| LA | 3 | 1 | 0 | 1 |
| MA | 3 | 6 | 0 | 0 |
| MD | 1 | 4 | 0 | 0 |
| ME | 0 | 2 | 0 | 0 |
| MI | 10 | 2 | 0 | 0 |
| MN | 5 | 2 | 0 | 0 |
| MO | 5 | 1 | 0 | 0 |
| MS | 3 | 1 | 0 | 0 |
| MT | 1 | 0 | 0 | 0 |
| NC | 5 | 3 | 0 | 1 |
| NE | 3 | 0 | 0 | 0 |
| NH | 0 | 1 | 0 | 0 |
| NJ | 6 | 3 | 0 | 0 |
| NM | 0 | 2 | 0 | 1 |
| NV | 4 | 0 | 0 | 0 |
| NY | 11 | 10 | 0 | 1 |
| OH | 8 | 4 | 0 | 1 |
| OK | 5 | 0 | 0 | 0 |
| OR | 1 | 3 | 0 | 0 |
| PA | 10 | 4 | 0 | 1 |
| RI | 0 | 1 | 0 | 1 |
| SC | 5 | 1 | 0 | 0 |
| SD | 1 | 0 | 0 | 0 |
| TN | 7 | 1 | 0 | 0 |
| TX | 25 | 7 | 0 | 1 |
| UT | 4 | 0 | 0 | 0 |
| VA | 5 | 2 | 0 | 0 |
| VT | 0 | 1 | 0 | 0 |
| WA | 3 | 5 | 0 | 0 |
| WI | 5 | 1 | 0 | 1 |
| WV | 1 | 0 | 0 | 0 |
| WY | 1 | 0 | 0 | 0 |
The breakdown counts the 373 members whose positions are loaded; the totals above are the official record's.
Party is as each member's record lists it. Counts are of recorded positions, nothing more.
Every member's vote
373 members, by last name.
From the official record of each vote. A member who left office keeps their recorded position; their page shows the years they served.
Money
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History
- May 22, 2024U.S. House: On Passage · Passed ↗
- May 22, 2024U.S. House: On Agreeing to the Amendment · Agreed to ↗
- May 22, 2024U.S. House: On Agreeing to the Amendment · Agreed to ↗
- May 22, 2024U.S. House: On Agreeing to the Amendment · Failed ↗
Recorded votes on this bill and the final action, as their sources record them. Committee and other steps without a recorded vote aren't listed; the official page has every action.
Final action
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From Congress.gov's record of the bill's actions.
Full text
Official summary (Congressional Research Service)
Financial Innovation and Technology for the 21st Century Act This bill establishes a regulatory framework for digital assets. The Commodity Futures Trading Commission (CFTC) must regulate a digital asset as a commodity if the blockchain, or digital ledger, on which it runs is functional and decentralized. The bill classifies a blockchain as decentralized if, among other requirements, no person has unilateral authority to control the blockchain or its usage, and no issuer or affiliated person has control of 20% or more of the digital asset or the voting power of the digital asset. In addition, the bill provides the CFTC with exclusive regulatory authority over cash or spot markets for digital commodities. The Securities and Exchange Commission (SEC) must regulate a digital asset as a security if its associated blockchain is functional but not decentralized. However, the bill establishes certain exceptions to SEC regulation for digital assets that limit annual sales, restrict nonaccredited investor access, and satisfy disclosure and compliance requirements. The bill also sets forth requirements for primary and secondary market transactions. The CFTC and SEC must jointly issue rules to define terms and exempt dually registered exchanges from duplicative rules.
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