HRES1243-118

Passed House

Providing for consideration of the bill (H.R. 4763) to provide for a system of regulation of digital assets by the Commodity Futures Trading Commission and the Securities and Exchange Commission, and for other purposes; providing for consideration of the bill (H.R. 5403) to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes; and providing for consideration of the bill (H.R. 192) to prohibit individuals who are not citizens of the United States from voting in elections in the District of Columbia.

118th Congress Introduced May 21, 2024

Summary

What This Bill Does

Providing for consideration of the bill (H.R. 4763) to provide for a system of regulation of digital assets by the Commodity Futures Trading Commission and the Securities and Exchange Commission, and for other purposes; providing for consideration of the bill (H.R. 5403) to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes; and providing for consideration of the bill (H.R. 192) to prohibit individuals who are not citizens of the United States from voting in elections in the District of Columbia.. The local Codex analysis identifies the main policy area as Technology, Finance, Agriculture, Government Operations and uses the stored bill text to provide context for clause-level classification.

Who Benefits and How

Program beneficiaries and regulated parties receiving clearer authority, Federal, state, local, or tribal implementers named in the bill may benefit where the bill creates funding, authority, exemptions, eligibility, or procedural clarity.

Who Bears the Burden and How

Agencies responsible for implementation and reporting, Regulated entities subject to new or modified requirements may bear new administrative, reporting, compliance, or implementation responsibilities.

Key Provisions

  • Establishes or modifies federal legal authority described in the bill text.
  • Directs agencies, regulated parties, or program participants to follow the updated statutory framework.
  • Provides bill-level context for downstream clause analysis.

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.

At a Glance

What This Bill Does

Providing for consideration of the bill (H.R. 4763) to provide for a system of regulation of digital assets by the Commodity Futures Trading Commission and the Securities and Exchange Commission, and for other purposes; providing for consideration of the bill (H.R. 5403) to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes; and providing for consideration of the bill (H.R. 192) to prohibit individuals who are not citizens of the United States from voting in elections in the District of Columbia..

Key Policy Areas

Technology, Finance, Agriculture, Government Operations

Primary Purpose

Providing for consideration of the bill (H.R. 4763) to provide for a system of regulation of digital assets by the Commodity Futures Trading Commission and the Securities and Exchange Commission, and for other purposes; providing for consideration of the bill (H.R. 5403) to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes; and providing for consideration of the bill (H.R. 192) to prohibit individuals who are not citizens of the United States from voting in elections in the District of Columbia..

Policy Domains

Technology Finance Agriculture Government Operations

Billwide scope

Identified Gains
Contextual inference, no direct clause citation
  • Program beneficiaries and regulated parties receiving clearer authority
  • Federal, state, local, or tribal implementers named in the bill
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: eh

Contextual inference, no direct clause citation

Identified Costs
Contextual inference, no direct clause citation
  • Agencies responsible for implementation and reporting
  • Regulated entities subject to new or modified requirements
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: eh

Contextual inference, no direct clause citation

Legislative Progress

Passed House
Introduced Committee Passed
May 22, 2024

May 22, 2024 (inferred)

Passed House (inferred from eh version)

May 21, 2024

Mrs. Houchin, from the Committee on Rules, reported the following …

Stakeholder Effects

cui bono?

How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.

Technology
2 mentions across 2 clauses
+2 positive

Online platforms and child online safety users

2/3
sections analyzed
Full impact breakdown

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Technology Finance Agriculture Government Operations

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