Expressing the sense of the House of Representatives regarding the importance of Proof-of-Work mining, used for certain cryptocurrencies such as Bitcoin, to the United States ability to achieve its energy goals and grow its economy.

12/15/2023, 3:51 PM

Summary of Bill HRES 238

Bill 118 HRES 238, titled "Expressing the sense of the House of Representatives regarding the importance of Proof-of-Work mining," highlights the significance of Proof-of-Work mining, specifically in the context of certain cryptocurrencies like Bitcoin, to the United States' energy goals and economic growth.

The bill emphasizes the role of Proof-of-Work mining in supporting the energy sector and boosting the economy. It acknowledges the potential benefits of this mining method in terms of energy efficiency and economic development. The House of Representatives recognizes the importance of maintaining a competitive edge in the global market by leveraging Proof-of-Work mining for cryptocurrencies.

Furthermore, the bill underscores the need for the United States to prioritize and support Proof-of-Work mining as a key component of its energy strategy. It calls for policies and initiatives that promote the growth of this mining method to ensure the country's energy goals are met and its economy continues to thrive. Overall, Bill 118 HRES 238 serves as a statement of support for Proof-of-Work mining and its role in advancing the United States' energy objectives and economic prosperity. It highlights the importance of embracing this technology to stay competitive in the global landscape and achieve sustainable growth.

Congressional Summary of HRES 238

This resolution expresses the belief that the United States should invest in the digital asset industry and Proof-of-Work mining to improve U.S. energy independence through associated innovations.

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Current Status of Bill HRES 238

Bill HRES 238 is currently in the status of Bill Introduced since March 21, 2023. Bill HRES 238 was introduced during Congress 118 and was introduced to the House on March 21, 2023. Bill HRES 238's most recent activity was Referred to the Committee on Energy and Commerce, and in addition to the Committees on Foreign Affairs, Financial Services, and Science, Space, and Technology, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of March 21, 2023

Bipartisan Support of Bill HRES 238

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HRES 238

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HRES 238

Expressing the sense of the House of Representatives regarding the importance of Proof-of-Work mining, used for certain cryptocurrencies such as Bitcoin, to the United States ability to achieve its energy goals and grow its economy.Expressing the sense of the House of Representatives regarding the importance of Proof-of-Work mining, used for certain cryptocurrencies such as Bitcoin, to the United States ability to achieve its energy goals and grow its economy.

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Sponsors and Cosponsors of HRES 238

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