Markup of H.R. 4763; H.R. 1747; H.R. 3244; H.R. 4768, H.R. 4765 and H.R. 2969 (EventID=116291)

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Connect with the House Financial Services Committee Get the latest news: https://democrats-financialservices.house.gov/ Follow us on Facebook: https://www.facebook.com/HouseFinancialCmte Follow us on Twitter: https://twitter.com/FSCDems ___________________________________ The full Committee will convene to mark up the following measures, in an order to be determined by the Chairman at 10:00 am E.T. on Wednesday, July 26, 2023, and subsequent days if necessary, in room 2128 of the Rayburn House Office Building. ___________________________________ Legislation: • H.R. 4763, the "Financial Innovation and Technology for the 21st Century Act."​ An amendment in the nature of a substitute, no 1, offered by Mr. Hill. • H.R. 1747, the "Blockchain Regulatory Certainty Act." An amendment in the nature of a substitute, no 2, offered by Mr. Emmer. • H.R. 3244, the "Stop Fentanyl Money Laundering Act of 2023." An amendment in the nature of a substitute, no 3, offered by Mr. Luetkemeyer. • H.R. 4768, the "No Russian Agriculture Act." An amendment in the nature of a substitute, no 4, offered by Mr. Waters. • H.R. 4765, the "Exposing China’s Support for the Taliban Act." An amendment in the nature of a substitute, no 5, offered by Mr. Lynch and Mr. Nunn. • H.R. 2969, the "Financial Technology Protection Act of 2023." An amendment in the nature of a substitute, no 6, offered by Mr. Nunn. *** 1. H.R. 4763, the Financial Innovation and Technology for the 21st Century Act (Thompson/Hill/Johnson) H.R. 4763, the Financial Innovation and Technology for the 21st Century Act, was introduced on July 20, 2023, by Rep. GT Thompson (R-PA). H.R. 4763 has four cosponsors including Reps. Hill (R-AR), Johnson (R-SD), Davidson (R-OH), and Emmer (R-MN). 1. H.R. 4763, the Financial Innovation and Technology for the 21st Century Act (Thompson/Hill/Johnson) H.R. 4763, the Financial Innovation and Technology for the 21st Century Act, was introduced on July 20, 2023, by Rep. GT Thompson (R-PA). H.R. 4763 has four cosponsors including Reps. Hill (R-AR), Johnson (R-SD), Davidson (R-OH), and Emmer (R-MN). H.R. 4763 establishes a digital asset market structure framework appropriate for the unique characteristics of digital assets. This functional framework will provide clear rules of the road for market participants as well as protect investors and consumers. 2. H.R. 1747, the Blockchain Regulatory Certainty Act (Emmer) H.R. 1747, the Blockchain Regulatory Certainty Act, was introduced on March 23, 2023, by Rep. Tom Emmer (R-MN). It has one cosponsor, Rep. Soto (D-FL). H.R. 1747 provides blockchain developers and service providers with a safe harbor from licensing and registration as long as they do not exercise control over digital assets. 3. H.R. 3244, the Stop Fentanyl Money Laundering Act of 2023 (Luetkemeyer)H.R. 3244, the Stop Fentanyl Money Laundering Act of 2023, was introduced on May 11, 2023, by Rep. Blaine Luetkemeyer (R-MO). The bill has three cosponsors including Reps Nunn (RIA), Barr (R-KY), and Kim (R-CA). H.R. 3244 provides authority to the Secretary of the Treasury to take special measures against certain entities outside of the United States of primary money laundering concern in connection with illicit fentanyl and narcotics financing. 4. H.R. 4768, the No Russian Agriculture Act (Waters) H.R. 4768, the No Russian Agriculture Act, introduced on July 20, 2023, by Rep. Maxine Waters (D-CA). The bill has one cosponsor, Rep. Nunn (R-IA). H.R. 4768 was attached to the May 25, 2023, hearing titled, “International Financial Institutions in an Era of Great Power Competition.” H.R. 4768 states that the U.S. Executive Directors of the International Financial Institutions shall use voice, vote, and influence of the US to encourage the International Financial Institutions to invest in projects that decrease reliance that countries have on Russia for agricultural commodities, particularly fertilizer and grain, and to stimulate private investment in such projects. 5. H.R. 4765, the Exposing China’s Support for the Taliban Act (Lynch) H.R. 4765, the Exposing China’s Support for the Taliban Act, was introduced on July 20, 2023, by Rep. Stephen Lynch (D-MA). The bill has one cosponsor, Rep. Nunn (R-IA). H.R. 4765 requires Treasury to carry out a study and brief Congress on the financial activities of China and Chinese entities in connection with the finances of Afghanistan and the Taliban, including activities that support illicit financial networks. This bill was introduced in the 117th Congress as an amendment to the FY2023 NDAA and the America COMPETES Act, and as H.R. 6524. 6. H.R. 2969, the Financial Technology Protection Act of 2023 (Nunn) H.R. 2969, the Financial Technology Protection Act of 2023, was introduced on April 27, 2023, by Rep. Zach Nunn (R-IA). The bill has four... ___________________________________ Markup page: https://democrats-financialservices.house.gov/events/eventsingle.aspx?EventID=410689