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S 4760 117th Congress Senate Finance and Financial Sector Banking and financial institutions regulation Commodities markets Commodity Futures Trading Commission Computers and information technology Consumer affairs Currency Digital media

Digital Commodities Consumer Protection Act of 2022

Introduced: August 3, 2022 See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 15, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Sep 15, 2022
Committee on Agriculture, Nutrition, and Forestry. Hearings held. Hearings printed: S.Hrg. 117-609.
Aug 3, 2022
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Aug 3, 2022
Introduced in Senate
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 Plain-English summary Congressional Research Service

Digital Commodities Consumer Protection Act of 2022

This bill grants exclusive jurisdiction to the Commodity Futures Trading Commission over activity involving digital commodities as specified by the bill.

The bill defines digital commodities as fungible digital forms of personal property that can be transferred person-to-person without an intermediary. Excluded from this definition are securities, interests in physical commodities, and U.S.-backed digital currencies. The commission does not have jurisdiction over digital commodities used solely for the purchase or sale of a good or service.

Digital commodity platforms (including brokers, custodians, dealers, and trading facilities) must register with the commission and comply with risk management and good governance procedures. The bill also sets forth recordkeeping requirements, conflict of interest standards, and other consumer protections.

What's happening now September 15, 2022

Committee on Banking, Housing, and Urban Affairs. Hearings held.

 Related & companion bills 2
  • HR 8950 Related bill Digital Commodities Consumer Protection Act of 2022
  • HR 8730 Identical bill Digital Commodities Consumer Protection Act of 2022
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Lobbying activity 6

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

 Cosponsors 6
All 6 Democratic 3 Republican 3
D
Luján, Ben Ray
New Mexico · Sep 27, 2022
 D
Gillibrand, Kirsten E.
New York · Sep 13, 2022
 R
Ernst, Joni
Iowa · Aug 4, 2022
 D
Booker, Cory A.
New Jersey · Aug 3, 2022
 R
Boozman, John
Arkansas · Aug 3, 2022
 R
Thune, John
South Dakota · Aug 3, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4760: Digital Commodities Consumer Protection Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-S-4760/
MLA
"S. 4760: Digital Commodities Consumer Protection Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4760/.
Bluebook (legal)
S. 4760, 117th Cong. (2026), https://openamerica.io/bill/117-S-4760/.
Markdown link
[S. 4760: Digital Commodities Consumer Protection Act of 2022](https://openamerica.io/bill/117-S-4760/)
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