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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.

6/18/2024, 8:36 PM

Summary of Bill HRES 1243

Bill 118 HRES 1243 is a legislative proposal that outlines the procedures for considering three separate bills in the US Congress. The first bill, H.R. 4763, aims to establish a regulatory framework for digital assets under the oversight of the Commodity Futures Trading Commission and the Securities and Exchange Commission. This bill seeks to address the growing importance of digital assets in the financial sector and ensure that they are subject to appropriate regulations.

The second bill, H.R. 5403, proposes amendments to the Federal Reserve Act to restrict Federal Reserve banks from offering certain products or services directly to individuals. Additionally, this bill aims to prohibit the use of central bank digital currency for monetary policy purposes. The goal of this bill is to prevent potential conflicts of interest and maintain the integrity of the Federal Reserve system.

The third bill, H.R. 192, seeks to prohibit non-citizens of the United States from voting in elections in the District of Columbia. This bill aims to clarify the eligibility criteria for voting in local elections and ensure that only US citizens have the right to participate in the democratic process in the nation's capital. Overall, Bill 118 HRES 1243 provides a framework for considering these three bills, each of which addresses important issues related to financial regulation, central banking, and voting rights. The bill aims to facilitate the legislative process and ensure that these proposals are thoroughly debated and considered by Congress.

Current Status of Bill HRES 1243

Bill HRES 1243 is currently in the status of Passed in House since May 22, 2024. Bill HRES 1243 was introduced during Congress 118 and was introduced to the House on May 21, 2024.  Bill HRES 1243's most recent activity was Motion to reconsider laid on the table Agreed to without objection. as of May 22, 2024

Bipartisan Support of Bill HRES 1243

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HRES 1243

Primary Policy Focus

Alternate Title(s) of Bill HRES 1243

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.
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.

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