Markup of H.R. 2392; H.R. 2384; H.R. 976; H.R. 1919; H.R. 478 and H.Res. 259 (EventID=118093)

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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/USHouseFSC » Follow us on Twitter: https://x.com/USHouseFSC » Follow us on Instagram: https://www.instagram.com/ushousefsc/ » Follow us on Bluesky: https://bsky.app/profile/ushousefsc.bsky.social ___________________________________ » Subscribe: https://www.youtube.com/@USHouseFSC?sub_confirmation=1 ___________________________________ 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, March 5, 2025, and subsequent days if necessary, in room 2128 of the Rayburn House Office Building. ___________________________________ Legislation: 1. H.R. 2392, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act of 2025 (Rep. Steil) 2. H.R. 2384, the Financial Technology Protection Act (Rep. Nunn) 3. H.R. 976, the 1071 Repeal to Protect Small Business Lending Act (Rep. Williams) 4. H.R. 1919, the Anti-CBDC Surveillance State Act (Rep. Emmer) 5. H.R. 478, the Promoting New Bank Formation Act (Rep. Barr) 6. H.Res. 259, Of inquiry requesting the President to provide certain documents in the President's possession to the House of Representatives relating to the access provided to the staff and advisers of, including any individual working for or in conjunction with, the Department of Government Efficiency to the systems, applications, and accounts, and any information contained therein, of the Bureau of Consumer Financial Protection. (Rep. Waters) *** H.R. 2392, the Stablecoin Transparency and #Accountability for a Better Ledger Economy (STABLE) Act of 2025 H.R. 2392, the STABLE Act of 2025, was introduced on March 26, 2025, by Rep. Brian Steil (RWI). Chairman Hill and Whip Emmer, along with Reps. Torres, Huizenga, Meuser, Kim, Downing, Moore, Gottheimer, Haridopolos, and Liccardo are original cosponsors. This bill was attached to the February 11, 2025, hearing titled “A Golden Age of Digital Assets: Charting a Path Forward” and the March 11, 2025, hearing titled, “Navigating the Digital Payments Ecosystem: Examining a Federal Framework for Payment Stablecoins and Consequences of a U.S. Central Bank Digital Currency.” The STABLE Act is a modified version of H.R. 4766, the Clarity for Payment Stablecoins Act of 2023, which passed the Financial Services Committee with bipartisan support in the 118th Congress. H.R. 2392 establishes a clear regulatory framework for the issuance of payment stablecoins. The bill protects consumers by setting necessary federal guardrails for payment #stablecoin issuance, redemption, and reserves, while also promoting innovation in the U.S. through a tailored approach that supports new entrants into the marketplace. H.R. 2384, the Financial #Technology Protection Act H.R. 2384, the Financial Technology Protection Act, was introduced on March 26, 2025, by Rep. Zach Nunn (R-IA). Rep. Jim Himes (D-CT) is an original cosponsor. This bill was attached to the February 25, 2025, hearing titled “Examining Policies to Counter #China.” In the 115th Congress, a version of H.R. 2384 passed the House on motion to suspend the rules and was agreed to by voice vote. The bill was reintroduced in the 116th, 117th, and 118th Congresses, and during the 118th, a version of H.R. 2384 once again passed the House on motion to suspend the rules and was agreed to by voice vote. H.R. 2384 establishes the Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing. The working group must study and report on terrorist and illicit use of emerging technologies, including digital assets, and provide recommendations to improve antimoney laundering and counterterrorist financing efforts. H.R. 976, the 1071 Repeal to Protect Small Business Lending Act H.R. 976, the 1071 Repeal to Protect #SmallBusiness Lending Act, was introduced on February 4, 2025, by Rep. Roger Williams (R-TX). H.R. 976 has 29 original cosponsors. This bill was attached to the February 5, 2025, hearing titled “Make Community Banking Great Again.” In the 118th Congress, the Financial Services Committee passed a Congressional Review Act (#CRA) resolution to nullify the Consumer Financial Protection Bureau’s (#cfpb) rule implementing section 1071 by a recorded vote of 29-21. H.R. 976 would repeal Section 1071 of the Dodd-Frank Act to mandate the collection and reporting of demographic data on small business loan applicants. H.R. 1919, the Anti-CBDC Surveillance State Act H.R. 1919, the Anti-CBDC Surveillance State Act, was introduced on March 6, 2025, by Rep. Tom Emmer (R-MN). H.R. 1919 has 114 Republican cosponsors... #trump #oversight #crypto #digitalcurrency #cbdc ___________________________________ Markup page: https://democrats-financialservices.house.gov/events/eventsingle.aspx?EventID=413141