Us Congress 2023-2024 Regular Session

Us Congress House Bill HR1243

Caption

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.

Impact

The potential impact of HR1243 on state laws could be significant, particularly on financial regulations concerning digital assets and practices related to monetary policy. By establishing a regulatory framework for digital assets, the proposed bill could transform existing financial landscapes and influence how financial institutions operate within the state. The voting rights aspect could further incite legal challenges and lead to broader implications for electoral processes in the District of Columbia, reflecting ongoing debates around citizenship and voting eligibility. If enacted, it may also set precedents for future legislation concerning both digital finance and electoral regulations.

Summary

House Resolution 1243 addresses the consideration of several key bills focusing on the regulation of digital assets and voting rights within the District of Columbia. Specifically, it sets forth procedures for the consideration of H.R. 4763, which aims to provide a framework for regulating digital assets under the jurisdiction of the Commodity Futures Trading Commission and the Securities and Exchange Commission. It also includes provisions for H.R. 5403, which proposes amendments to the Federal Reserve Act that would restrict certain financial services and prohibit the use of central bank digital currency for monetary policy purposes. Furthermore, the resolution facilitates the consideration of H.R. 192, which seeks to prohibit non-citizens from voting in elections held in D.C.

Sentiment

The sentiment surrounding HR1243 appears to be divided. On one hand, supporters of the bill view it as a necessary modernization of financial regulations that respond to the evolving landscape of digital assets. Proponents argue that it ensures adequate oversight by relevant regulatory bodies, promoting a safer financial environment. Conversely, opponents criticize aspects of the bill that may undermine voting rights and hamper individual freedoms, particularly in D.C., where the issue of non-citizen voting has sparked intense debate. The discussions reflect broader ideological divides regarding federal governance and local autonomy.

Contention

Notable points of contention include the balance between effective regulation of emerging financial technologies and the potential overreach of federal authority into state and local governance matters. The proposed amendments to the Federal Reserve Act, limiting its ability to provide certain financial services, highlight concerns about the centralization of financial power. Additionally, the prohibition of non-citizen voting raises fundamental questions about electoral rights and representation, further complicating discussions about the future of democracy in the nation. As the bill progresses, these tensions may intensify, reflecting broader societal debates on governance and economic control.

Companion Bills

US HB192

Related This bill prohibits an individual who is not a U.S. citizen from voting in any elections in the District of Columbia (DC). Federal law bars noncitizens from voting in federal elections; however, the DC Council passed a bill on October 18, 2022, that allows noncitizens who meet residency and other requirements to vote in local elections.

US HB4763

Related Financial Innovation and Technology for the 21st Century Act

US HB5403

Related CBDC Anti-Surveillance State Act

Previously Filed As

US HR580

Providing for consideration of the bill (H.R. 4016) making appropriations for the Department of Defense for the fiscal year ending September 30, 2026, and for other purposes; providing for consideration of the bill (H.R. 3633) to provide for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Commission and the Commodity Futures Trading Commission, and for other purposes; providing for consideration of the bill (H.R. 1919) 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; providing for consideration of the bill (S. 1582) to provide for the regulation of payment stablecoins, and for other purposes; and waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules.

US SB887

A bill to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, and for other purposes.

US HR489

Providing for consideration of the bill (H.R. 884) to prohibit individuals who are not citizens of the United States from voting in elections in the District of Columbia and to repeal the Local Resident Voting Rights Amendment Act of 2022; providing for consideration of the bill (H.R. 2056) to require the District of Columbia to comply with federal immigration laws; providing for consideration of the bill (H.R. 2096) to restore the right to negotiate matters pertaining to the discipline of law enforcement officers of the District of Columbia through collective bargaining, to restore the statute of limitations for bringing disciplinary cases against members or civilian employees of the Metropolitan Police Department of the District of Columbia, and for other purposes; and providing for consideration of the bill (S. 331) to amend the Controlled Substances Act with respect to the scheduling of fentanyl-related substances, and for other purposes.

US HR383

Providing for consideration of the bill (H.R. 2) to secure the borders of the United States, and for other purposes, and providing for consideration of the bill (H.R. 1163) to provide incentives for States to recover fraudulently paid Federal and State unemployment compensation, and for other purposes.

US HR1052

Providing for consideration of the bill (H.R. 2799) to make reforms to the capital markets of the United States, and for other purposes, and providing for consideration of the bill (H.R. 7511) to require the Secretary of Homeland Security to take into custody aliens who have been charged in the United States with theft, and for other purposes.

US HR1430

Providing for consideration of the bill (H.R. 1398) to establish the CCP Initiative program, and for other purposes; providing for consideration of the bill (H.R. 1425) to require any convention, agreement, or other international instrument on pandemic prevention, preparedness, and response reached by the World Health Assembly to be subject to Senate ratification; providing for consideration of the bill (H.R. 1516) to establish Department of Homeland Security funding restrictions on institutions of higher education that have a relationship with Confucius Institutes, and for other purposes; providing for consideration of the bill (H.R. 7980) to amend the Internal Revenue Code of 1986 to exclude vehicles the batteries of which contain materials sourced from prohibited foreign entities from the clean vehicle credit; providing for consideration of the bill (H.R. 9456) to amend the Defense Production Act of 1950 with respect to foreign investments in United States agriculture, and for other purposes; and providing for consideration of the bill (H.R. 9494) making continuing appropriations for fiscal year 2025, and for other purposes.

US HR1085

Providing for consideration of the bill (H.R. 1023) to repeal section 134 of the Clean Air Act, relating to the greenhouse gas reduction fund; providing for consideration of the bill (H.R. 1121) to prohibit a moratorium on the use of hydraulic fracturing; providing for consideration of the bill (H.R. 6009) to require the Director of the Bureau of Land Management to withdraw the proposed rule relating to fluid mineral leases and leasing process, and for other purposes; providing for consideration of the concurrent resolution (H. Con. Res. 86) expressing the sense of Congress that a carbon tax would be detrimental to the United States economy; providing for consideration of the resolution (H. Res. 987) denouncing the harmful, anti-American energy policies of the Biden administration, and for other purposes; and providing for consideration of the bill (H.R 7023) to amend section 404 of the Federal Water Pollution Control Act to codify certain regulatory provisions relating to nationwide permits for dredged or fill material, and for other purposes.

US HR922

Providing for consideration of the bill (H.R. 1147) to amend the Richard B. Russell National School Lunch Act to allow schools that participate in the school lunch program under such Act to serve whole milk; providing for consideration of the bill (H.R. 357) to require the head of an agency to issue and sign any rule issued by that agency, and for other purposes; and for other purposes.

US HR1341

Providing for consideration of the bill (H.R. 8281) to amend the National Voter Registration Act of 1993 to require proof of United States citizenship to register an individual to vote in elections for Federal office, and for other purposes; providing for consideration of the joint resolution (H.J. Res. 165) providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Education relating to "Nondiscrimination on the Basis of Sex in Education Programs or Activities Receiving Federal Financial Assistance"; providing for consideration of the bill (H.R. 8772) making appropriations for the Legislative Branch for the fiscal year ending September 30, 2025, and for other purposes; providing for consideration of the bill (H.R. 7700) to prohibit the Secretary of Energy from prescribing or enforcing energy conservation standards for dishwashers that are not cost-effective or technologically feasible, and for other purposes; and providing for consideration of the bill (H.R. 7637) to prohibit the Secretary of Energy from prescribing or enforcing energy conservation standards for refrigerators, refrigerator-freezers, and freezers that are not cost-effective or technologically feasible, and for other purposes.

US HR1194

Providing for consideration of the bill (H.R. 6192) to amend the Energy Policy and Conservation Act to prohibit the Secretary of Energy from prescribing any new or amended energy conservation standard for a product that is not technologically feasible and economically justified, and for other purposes; providing for consideration of the bill (H.R. 7109) to require a citizenship question on the decennial census, to require reporting on certain census statistics, and to modify apportionment of Representatives to be based on United States citizens instead of all persons; providing for consideration of the joint resolution (H.J. Res. 109) providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Staff Accounting Bulletin No. 121"; and providing for consideration of the bill (H.R. 2925) to amend the Omnibus Budget Reconciliation Act of 1993 to provide for security of tenure for use of mining claims for ancillary activities, and for other purposes.

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