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H.R. 4763 118th Congress House

Financial Innovation and Technology for the 21st Century Act

Official title: 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.

Introduced: July 20, 2023 Introduced by: Glenn Thompson Republican · Pennsylvania See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresAdvanced technology and technological innovationsCommodities marketsCommodity Futures Trading Commission
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Computers and information technologyCurrencyDigital mediaLicensing and registrationsSecuritiesSecurities and Exchange Commission (SEC)
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 28 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 9, 2024
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 22, 2024
The previous question was ordered pursuant to the rule.
May 22, 2024
POSTPONED PROCEEDINGS - At the conclusion of debate on the Perry amendment No. 4, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
May 22, 2024
The House adopted the amendments en gros as agreed to by the Committee of the Whole House on the state of the Union.
May 22, 2024
Motion to reconsider laid on the table Agreed to without objection.
May 22, 2024
On passage Passed by recorded vote: 279 - 136 (Roll no. 226). (text: CR H3432-3455)
May 22, 2024
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 4763.
May 22, 2024
DEBATE - Pursuant to the provisions of H. Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Perry amendment No. 4.
May 22, 2024
POSTPONED PROCEEDINGS - At the conclusion of debate on the Norman amendment No. 3, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
May 22, 2024
DEBATE - Pursuant to the provisions of H. Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Norman amendment No. 3.
May 22, 2024
DEBATE - Pursuant to the provisions of H. Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Pettersen amendment No. 2.
May 22, 2024
POSTPONED PROCEEDINGS - At the conclusion of debate on the Casar amendment No. 1, the Chair put the question on agreeing to the amendment and by voice vote, announced that the noes prevailed. Mr. Casar demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
May 22, 2024
DEBATE - Pursuant to the provisions of H. Res. 1243, the Committee of the Whole proceeded with 10 minutes of debate on the Casar amendment No. 1.
May 22, 2024
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 4763.
May 22, 2024
The Speaker designated the Honorable Michael Guest to act as Chairman of the Committee.
May 22, 2024
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 1243 and Rule XVIII.
May 22, 2024
Rule provides for consideration of H.R. 4763, H.R. 5403 and H.R. 192. The resolution provides for one hour of debate on each bill. H.R. 4763 and H.R. 5403 are considered under a structured rule and H.R. 192 is considered under a closed rule. The resolution provides for one motion to recommit on each bill.
May 22, 2024
Considered under the provisions of rule H. Res. 1243. (consideration: H3419–3463)
May 21, 2024
Rules Committee Resolution H. Res. 1243 Reported to House. Rule provides for consideration of H.R. 4763, H.R. 5403 and H.R. 192. The resolution provides for one hour of debate on each bill. H.R. 4763 and H.R. 5403 are considered under a structured rule and H.R. 192 is considered under a closed rule. The resolution provides for one motion to recommit on each bill.
May 6, 2024
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-484, Part II.
May 6, 2024
Reported (Amended) by the Committee on Agriculture. H. Rept. 118-484, Part I.
May 6, 2024
Placed on the Union Calendar, Calendar No. 401.
Jul 27, 2023
Ordered to be Reported (Amended) by Voice Vote.
Jul 27, 2023
Committee Consideration and Mark-up Session Held
Jul 26, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 15.
Jul 26, 2023
Committee Consideration and Mark-up Session Held
Jul 20, 2023
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, 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.
Jul 20, 2023
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
May 22, 2024 House · vote #226 On Passage Passed 279–136 See who voted →
 Amendments to this bill 4

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

3 agreed to 1 failed

AmendmentSponsorPurposeStatusLatest action
HAMDT 922 Perry, Scott An amendment numbered 4 printed in Part B of House Report 118-516 to add a sense of Congress to the end of ti… Agreed to May 22, 2024
HAMDT 921 Norman, Ralph Amendment requires a study on the impact of digital asset registrants owned by foreign adversaries. Agreed to May 22, 2024
HAMDT 920 Pettersen, Brittany An amendment numbered 2 printed in Part B of House Report 118-516 to clarify the application of the Bank Secr… Agreed to May 22, 2024
HAMDT 919 Casar, Greg Amendment sought to change the new crowdfunding exemption from $75 million to $5 million. Failed May 22, 2024
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 Latest action September 9, 2024

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Financial Innovation and Technology for the 21st Century Act

This bill establishes a regulatory framework for digital assets.

The Commodity Futures Trading Commission (CFTC) must regulate a digital asset as a commodity if the blockchain, or digital ledger, on which it runs is functional and decentralized. The bill classifies a blockchain as decentralized if, among other requirements, no person has unilateral authority to control the blockchain or its usage, and no issuer or affiliated person has control of 20% or more of the digital asset or the voting power of the digital asset. In addition, the bill provides the CFTC with exclusive regulatory authority over cash or spot markets for digital commodities.

The Securities and Exchange Commission (SEC) must regulate a digital asset as a security if its associated blockchain is functional but not decentralized. However, the bill establishes certain exceptions to SEC regulation for digital assets that limit annual sales, restrict nonaccredited investor access, and satisfy disclosure and compliance requirements. The bill also sets forth requirements for primary and secondary market transactions.

The CFTC and SEC must jointly issue rules to define terms and exempt dually registered exchanges from duplicative rules.

 

 Related & companion bills 2
  • HRES 1243 Providing for consideration of the bill (H.R. 4763) to provide for a system of regulation of digital assets by the Comm…
  • HR 9579 BRIDGE Digital Assets Act
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Lobbying activity 25

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

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 25 filings →
 Cosponsors 11
All 11 Democratic 2 Republican 6
D
Torres, Ritchie
New York · May 1, 2024
McHenry, Patrick
· Apr 30, 2024
 R
Banks, Jim
Indiana · Feb 6, 2024
 R
Curtis, John R.
Utah · Dec 5, 2023
 D
Cuellar, Henry
Texas · Oct 17, 2023
Nickel, Wiley
· Oct 17, 2023
Molinaro, Marcus
· Jul 27, 2023
 R
Davidson, Warren
Ohio · Jul 20, 2023
 R
Emmer, Tom
Minnesota · Jul 20, 2023
 R
Hill, J. French
Arkansas · Jul 20, 2023
 R
Johnson, Dusty
South Dakota · Jul 20, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4763: Financial Innovation and Technology for the 21st Century Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-4763/
MLA
"H.R. 4763: Financial Innovation and Technology for the 21st Century Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-4763/.
Bluebook (legal)
H.R. 4763, 118th Cong. (2026), https://openamerica.io/bill/118-HR-4763/.
Markdown link
[H.R. 4763: Financial Innovation and Technology for the 21st Century Act](https://openamerica.io/bill/118-HR-4763/)
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