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Bill117th CongressFiled Mar 8, 2021Finance and Financial Sector
H.R. 1602

Eliminate Barriers to Innovation Act of 2021

Bill journey · stage 2 of 5

Under committee review

Filed
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Floor
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Law

What it doesSummary passed house (Apr 20, 2021)

Eliminate Barriers to Innovation Act of 2021

This bill requires the Securities and Exchange Commission and the Commodity Futures Trading Commission to jointly establish a working group on digital assets. The working group must (1) report on the impact of the U.S. legal and regulatory framework on the digital asset market; and (2) provide recommendations regarding digital asset market fairness and integrity, cybersecurity standards, and the reduction of fraud and manipulation.

What just happenedApr 22, 2021

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

Who’s behind it

Rep. McHenry, Patrick T. [R-NC-10](R-NC)Sponsor
4 cosponsors1 D3 R
Read on Congress.gov
4cosponsors3committees13actions1related bills12subjects
  1. Apr 22, 2021IntroReferral

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

    Banking, Housing, and Urban Affairs Committee
  2. Apr 20, 2021FloorH37300

    Pursuant to section 6 of H. Res. 330, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 367; H.R. 370; H.R. 396; H.R. 397, as amended; H.R. 408; H.R. 490; H.R. 965, as amended; H.R. 1251, as amended; H.R. 1395; H.R. 1491; H.R. 1528; H.R. 1532; H.R. 1565; H.R. 1602; and H.R. 2523, as amended; and the following resolution was agreed to under suspension of the rules: H. Res. 124, as amended. (consideration: CR H1979-1994; text: CR H1990)

  3. Apr 20, 2021Floor8000

    Passed/agreed to in House: Pursuant to section 6 of H. Res. 330, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 367; H.R. 370; H.R. 396; H.R. 397, as amended; H.R. 408; H.R. 490; H.R. 965, as amended; H.R. 1251, as amended; H.R. 1395; H.R. 1491; H.R. 1528; H.R. 1532; H.R. 1565; H.R. 1602; and H.R. 2523, as amended; and the following resolution was agreed to under suspension of the rules: H. Res. 124, as amended.(consideration: CR H1979-1994; text: CR H1990)

  4. Apr 20, 2021FloorH1B000

    Pursuant to the provisions of H. Res. 330, proceedings on H.R. 1602 are considered vacated.

  5. Apr 19, 2021FloorH37220

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

  6. Apr 19, 2021FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 1602.

  7. Apr 19, 2021FloorH30000

    Considered under suspension of the rules. (consideration: CR H1924-1927; text: CR H1924)

  8. Apr 19, 2021FloorH30300

    Mr. Perlmutter moved to suspend the rules and pass the bill.

  9. Apr 8, 2021Committee

    Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

    Commodity Markets, Digital Assets, and Rural Development Subcommittee
  10. Mar 8, 2021IntroReferralH11100

    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.

    Agriculture Committee
  11. Mar 8, 2021IntroReferralH11100

    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.

    Financial Services Committee
  12. Mar 8, 2021IntroReferralIntro-H

    Introduced in House

  13. Mar 8, 2021IntroReferral1000

    Introduced in House

Passed HouseApr 20, 202153

Eliminate Barriers to Innovation Act of 2021

This bill requires the Securities and Exchange Commission and the Commodity Futures Trading Commission to jointly establish a working group on digital assets. The working group must (1) report on the impact of the U.S. legal and regulatory framework on the digital asset market; and (2) provide recommendations regarding digital asset market fairness and integrity, cybersecurity standards, and the reduction of fraud and manipulation.

Introduced in HouseMar 8, 2021

Eliminate Barriers to Innovation Act of 2021

This bill requires the Securities and Exchange Commission and the Commodity Futures Trading Commission to jointly establish a working group on digital assets. The working group must (1) report on the impact of the U.S. legal and regulatory framework on the digital asset market; and (2) provide recommendations regarding digital asset market fairness and integrity, cybersecurity standards, and the reduction of fraud and manipulation.

Eliminate Barriers to Innovation Act of 2021 — Informed