To amend the securities laws to exclude investment contract assets from the definition of a security.
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
The bill expands a procurement, definition change provision: 2. Treatment of investment contract assets Section 2(a) of the Securities Act of 1933 (15 U.S.C. 77b(a)) is amended— in paragraph (1), by adding at the end. It relies on procurement rules and definition changes. The main policy areas are Finance.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Expands a procurement, definition change provision: 2. Treatment of investment contract assets Section 2(a) of the Securities Act of 1933 (15 U.S.C. 77b(a)) is amended— in paragraph (1), by adding at the end...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill expands a procurement, definition change provision: 2. Treatment of investment contract assets Section 2(a) of the Securities Act of 1933 (15 U.S.C. 77b(a)) is amended— in paragraph (1), by adding at the end.
Key Policy Areas
Finance
Primary Purpose
The bill expands a procurement, definition change provision: 2. Treatment of investment contract assets Section 2(a) of the Securities Act of 1933 (15 U.S.C. 77b(a)) is amended— in paragraph (1), by adding at the end.
Policy Domains
Sponsors
Tom Emmer
R-MN | Primary Sponsor
Legislative Progress
IntroducedMr. Emmer (for himself and Mr. Soto) introduced the following …
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
a fungible digital representation of value—(A)that can be exclusively possessed and transferred, person to person, without necessary reliance on an intermediary, and is recorded on a cryptographically secured public distributed ledger
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