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Digital Asset Regulation, Central Banking, and D.C. Voting Rights

This document addresses three key changes: new rules for digital assets, restrictions on Federal Reserve banks offering services directly to individuals, and prohibiting non-citizens from voting in District of Columbia elections. These changes could impact how digital currencies are used, access to banking services, and voting rights in the capital.
Key points
New Digital Asset Rules: Establishes a regulatory system for digital assets by two major financial commissions, potentially affecting the security and trading rules of cryptocurrencies.
Federal Reserve Restrictions: Prohibits Federal Reserve banks from offering products and services directly to individuals and bans the use of central bank digital currency for monetary policy, which could alter access to certain financial services.
D.C. Voting Rights: Prohibits non-U.S. citizens from voting in District of Columbia elections, directly impacting the electoral rights of D.C. residents.
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VOTING RESULTS
2024-05-22
50%
For 204
Against 203
Abstain 0
Full voting results open_in_new
Adopted
Citizen Poll
No votes cast
Additional Information
Print number: 118_HRES_1243
Sponsor: Rep. Houchin, Erin [R-IN-9]
Process start date: 2024-05-21
Voting date: 2024-05-22
Meeting no: 2
Voting no: 222
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Providing for consideration of the bill (H.R. 4763) 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; providing for consideration of the bill (H.R. 5403) to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes; and providing for consideration of the bill (H.R. 192) to prohibit individuals who are not citizens of the United States from voting in elections in the District of Columbia.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HRES_1243.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-05-21.

What are the main provisions?

Key points include:

  • New Digital Asset Rules: Establishes a regulatory system for digital assets by two major financial commissions, potentially affecting the security and trading rules of cryptocurrencies.
  • Federal Reserve Restrictions: Prohibits Federal Reserve banks from offering products and services directly to individuals and bans the use of central bank digital currency for monetary policy, which could alter access to certain financial services.
  • D.C. Voting Rights: Prohibits non-U.S. citizens from voting in District of Columbia elections, directly impacting the electoral rights of D.C. residents.
What is the specific legal status?

The current status is Adopted.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Houchin, Erin [R-IN-9].

What is the latest detailed status?

The latest detailed status is: On agreeing to the resolution Agreed to by recorded vote: 204 - 203 (Roll no. 222). (text: CR H3414-3415)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Economy Courts and Law Local Government