Markup of H.R. 4766; the “Keep Your Coins Act of 2023;” H.R. 4790; H.R. 4767... (EventID=116295)

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The full Committee will convene to mark up the following measures, in an order to be determined by the Chairman at 9:00 am E.T. on Thursday, July 27, 2023, and subsequent days if necessary, in room 2128 of the Rayburn House Office Building.

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Legislation:

• H.R. 4766, the "Clarity for Payment Stablecoins Act of 2023."

• H.R. ____, the "Keep Your Coins Act of 2023."

• H.R. 4790, the "Guiding Uniform and Responsible Disclosure Requirements and Information Limits (GUARDRAIL) Act of 2023."
• An amendment in the nature of a substitute, no 1, offered by Mr. Huizenga.

• H.R. 4767, the "Protecting Americans’ Retirement Savings from Politics Act."
• An amendment in the nature of a substitute, no 2, offered by Mr. Steil.

• H.R. 4823, the "American Financial Institution Regulator Sovereignty and Transparency Act."
• An amendment in the nature of a substitute, no 3, offered by Mr. Loudermilk.

• H.R. 4655, the "Businesses Over Activists Act."
• An amendment in the nature of a substitute, no 4, offered by Mr. Norman.

• H.J. Res. 66, a joint resolution disapproving the rule submitted by the Consumer Financial Protection Bureau relating to "Small Business Lending Under the Equal Credit Opportunity Act (Regulation B.)"

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1. H.R. 4766, the Clarity for Payment Stablecoins Act of 2023 (McHenry)

H.R. 4766, the Clarity for Payment Stablecoins Act of 2023, was introduced by Chairman McHenry (R-NC) on July 20, 2023.

H.R. 4766 provides a clear regulatory framework for the issuance of payment stablecoins that are designed to be used as a means of payment. The framework mitigates potential risks posed by payment stablecoins, while at the same time fostering innovation by establishing a tailored approach for new entrants into the marketplace.


2. H.R. __, the Keep Your Coins Act of 2023 (Davidson)

H.R. __, the Keep Your Coins Act of 2023, was introduced on July 25, 2023, by Representative Warren Davidson (R-OH).

H.R. __ would prohibit any federal agency from implementing any rule or taking any action that would restrict an individual’s ability to transact with digital assets through self-hosted wallets


3. H.R. 4790, the Guiding Uniform and Responsible Disclosure Requirements and Information Limits (GUARDRAIL) Act of 2023 (Huizenga)

H.R. 4790, the Guiding Uniform and Responsible Disclosure Requirements and Information Limits (GUARDRAIL) Act of 2023, was introduced by Representative Bill Huizenga (R-MI) on July 20, 2023. It has three cosponsors: Representative Alexander Mooney (R-WV), Representative Frank Lucas (R-OK), and Representative Daniel Meuser (R-PA). The bill is a compilation of four previously introduced bills, including:

Title I – H.R. 4168, the Mandatory Materiality Requirement Act, was introduced on June 15, 2023, by Representative Bill Huizenga (R-MI).

Title I would amend the Securities Act of 1933 to require that information required to be disclosed to the Securities and Exchange Commission by issuers be material to voting or investment decisions regarding those issuers, and for other purposes.

Title II – H.R. 4628, a bill to amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to disclose and report on non-material disclosure mandates, and for other purposes, was introduced on July 13, 2023, by Representative Alexander Mooney (R-WV).

Title II would amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to disclose and report on non-material disclosure mandates, maintain a list of such mandates and provide justifications for them every five years. Additionally, it establishes that failure to disclose non-material information under the Federal securities laws will not incur private liability.

Title III – H.R. 4652, the Public Company Advisory Committee Act, was introduced on July 14, 2023, by Representative Frank Lucas (R-OK).

Title III would amend the Securities Exchange Act of 1934 to establish within the Securities and Exchange Commission the Public Company Advisory Committee, and for other purposes.

Title IV – H.R. 4653, the Protecting U.S. Business Sovereignty Act, was introduced on July 14, 2023, by Representative Daniel Meuser (R-PA).

Title IV would require the Securities and Exchange Commission to conduct a study on the detrimental impact of the Directive on Corporate Sustainability Due Diligence and the Corporate Sustainability Reporting Directive on United States companies, and for other purposes.


4. H.R. 4767, the Protecting Americans’ Retirement Savings from...
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Markup page: https://democrats-financialservices.house.gov/events/eventsingle.aspx?EventID=410707