To specify the treatment of covered non-fungible tokens under the securities laws, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To specify the treatment of covered non-fungible tokens under the securities laws, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Technology, Transportation.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HD0995736571E49E08B816E65A19EA422: 1. Short title This Act may be cited as the New Frontiers in Technology Act.
- Section H53E6891EF9AF438FA071A6B717E86AD0: 2. Treatment of covered non-fungible tokens under the securities laws For purposes of the securities laws— a covered non-fungible token is not an investment...
- Section H2B598AB3B3644E70AAE5E3D2A560AB10: 3. Study on non-fungible tokens The Comptroller General of the United States shall carry out a study of non-fungible tokens that analyzes— the nature, size,...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To specify the treatment of covered non-fungible tokens under the securities laws, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Technology, Transportation
Primary Purpose
This bill, To specify the treatment of covered non-fungible tokens under the securities laws, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Timmons (for himself and Mr. Torres of New York) …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
Key Definitions
Terms defined in this bill
any asset— which is of such uniqueness or limited production that it can be independently assessed or identified
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology