CONGRESS FOR VOTERS

Scott Fitzgerald (R-WI)

Promoting Innovation in Blockchain Development Act

H.R. 7732 · House bill Crime and Law Enforcement

A Republican bill with 7 Democratic cosponsors · See all 22 cosponsors

Last activity — Referred to the House Committee on the Judiciary.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the "Promoting Innovation in Blockchain Development Act," proposes an amendment to section 1960(a) of title 18, United States Code. The primary goal is to change the language regarding what constitutes a crime under that specific section. It seeks to include those who exercise control over currency, funds, or other value that substitutes for currency.

Yes· 3 of 7

  • Scored +3

    Would business owners be better off under this?

    Provides legal protections and clarity for business owners operating blockchain platforms.

  • Scored +3

    Does this protect the right to fair treatment by the courts?

    Enhances due process by requiring specific proof of control over funds for criminal liability.

  • Scored +2

    Would people in their twenties and thirties be better off under this?

    Likely to benefit young entrepreneurs and developers in the blockchain and fintech space.

The opposite

  • Scored -1

    Does this give the federal government more power?

    Slightly limits federal prosecutorial power by adding a required element to a criminal statute.

  • Scored -1

    Does this put more rules on large technology companies?

    Decreases the likelihood of criminal liability for tech developers who do not control the funds.