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Digital Commodities Consumer Protection Act of 2022
Legislative Progress
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
80pct
74d open
vs 9,698 other HR bills in the 117th — cohort avg 63d
Digital Commodities Consumer Protection Act of 2022 This bill grants exclusive jurisdiction to the Commodity Futures Trading Commission over activity involving digital commodities as specified by the bill. The bill defines digital commodities as fungible digital forms of personal property that can be transferred person-to-person without an intermediary. Excluded from this definition are securities, interests in physical commodities, and U.S.-backed digital currencies. The commission does not have jurisdiction over digital commodities used solely for the purchase or sale of a good or service. Digital commodity platforms (including brokers, custodians, dealers, and trading facilities) must register with the commission and comply with risk management and good governance procedures. The bill also sets forth recordkeeping requirements, conflict of interest standards, and other consumer protections.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (5)
2022 · fourth_quarter · Commodities (big ticket)
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Referred to the Committee on Agriculture, and in addition to the Committees on Financial Services, and the Judiciary, 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.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
S.4760 and H. R. 8730 - The Digital Commodities Consumer Protection Act of 2022 (all provisions); SEC proposal related to security based swaps large trader reporting; SEC SBS large trader proposal.
Client expense: $2,150,000 · Firm income: Not reported
Government targets: Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC)
2022 · fourth_quarter · Banking
Engagement with SEC on regulatory proposals including Special Purpose Acquisition Companies, Shell Companies, and Projections proposal, Private Fund Advisers, Documentation of Registered Investment Adviser Compliance Reviews proposal, Rule 10b5-1 and Insider Trading proposal, Amendments to Form PF to Require Current Reporting and Amend Reporting Requirements for Large Private Equity Advisers and Large Liquidity Fund Advisers proposal, and Modernization of Beneficial Ownership Reporting proposal; Small capitalization company capital formation issues; Disclosure of material short positions; Issues related to improving research coverage for small companies; Revising the SEC definition of venture capital fund/DEAL Act S.3914/H.R.4227; Implementation of the Foreign Investment Risk Review Modernization Act; Blockchain regulatory and policy issues including the Token Taxonomy Act; Helping Startups Continue to Grow Act H.R.3448; JOBS Act 4.0; Sherman amendment, Sec. 61301; S. 3976, Expanding American Entrepreneurship Act; H.R. 4243, Improving Capital Allocation for Newcomers Act; S. 4857, Private Markets Transparency and Accountability Act; Digital Commodities Consumer Protection Act S.4760/H.R.8730; foreign outbound investment restrictions.
Client expense: $790,191 · Firm income: Not reported
Government targets: Commodity Futures Trading Commission (CFTC), Defense, Dept of (DOD), Federal Reserve System, Financial Crimes Enforcement Network (FinCEN), HOUSE OF REPRESENTATIVES, Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office
2022 · fourth_quarter · Banking
Digital Assets, crypto currencies, blockchain and related legislation; Digital Commodity Exchange Act, (HR 7614). Securities Clarity Act (HR 4451) and Eliminate Barriers to Innovation Act (HR1602). Lummis-Gillibrand Responsible Financial Innovation Act (S.4356). S.4760, the Digital Commodities Consumer Protection Act; HR 8730, the Digital Commodities Consumer Protection Act.
Client expense: Not reported · Firm income: $90,000
Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Financial Institutions/Investments/Securities
Digital Assets, crypto currencies, blockchain and related legislation. Digital Commodity Exchange Act, (HR 7614). Securities Clarity Act (HR 4451) and Eliminate Barriers to Innovation Act (HR1602). Lummis-Gillibrand Responsible Financial Innovation Act (S.4356). S.4760, the Digital Commodities Consumer Protection Act; HR 8730, the Digital Commodities Consumer Protection Act.
Client expense: Not reported · Firm income: $90,000
Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, SENATE
2022 · fourth_quarter · Agriculture
Digital Assets, crypto currencies, blockchain and related legislation; Digital Commodity Exchange Act. (HR 7614). Lummis-Gillibrand Responsible Financial Innovation Act (S.4356). S.4760, the Digital Commodities Consumer Protection Act; HR 8730, the Digital Commodities Consumer Protection Act.
Client expense: Not reported · Firm income: $90,000
Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Commodities (big ticket)
S.4760 and H. R. 8730 - The Digital Commodities Consumer Protection Act of 2022 (all provisions).
Client expense: $920,000 · Firm income: Not reported
Government targets: Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC)
2022 · third_quarter · Financial Institutions/Investments/Securities
H.R. 7429, Russian Digital Asset Sanctions Compliance Act of 2022 H.R. 8730/S. 4760, Digital Commodities Consumer Protection Act of 2022 H.R. 8950, Digital Commodities Consumer Protection Act of 2022 H.R. ____, Stablecoin Innovation and Protection Act S. 4356 Lummis-Gillibrand Responsible Financial Innovation Act Issues related to internet-based distributed financial systems and decentralized web applications using blockchain networks. Tax issues related to decentralized finance and digital assets. Issues related to decentralized finance.
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Financial Institutions/Investments/Securities
Issues related to internet-based distributed financial systems and decentralized web applications using blockchain and related distributed ledger technologies. General discussions around custody of blockchain securities H.R. 1602, Eliminate Barriers to Innovation Act of 2021 H.R. 1628, Token Taxonomy Act of 2021 H.R. 4451, Securities Clarity Act H.R. 4521, America COMPETES Act of 2022 H.R. 5496, Clarity for Digital Tokens Act H.R. 6006, The Keep Innovation in America Act H.R. 6727, Keep Your Coins Act H.R. 7429, Russian Digital Asset Sanctions Compliance Act of 2022 H.R. 7614, Digital Commodity Exchange Act of 2022 H.R. 7900, National Defense Authorization Act; proposed amendments related to digital assets H.R. 8730/S. 4760, Digital Commodities Consumer Protection Act of 2022 H.R. 8950, Digital Commodities Consumer Protection Act of 2022 H.R. ____, Stablecoin Innovation and Protection Act S. 3867, Digital Asset Sanctions Compliance Enhancement Act of 2022 S. 4356, Lummis-Gillibrand Responsible Financial Innovation Act S. 4751: To revise the definition of a broker for purposes of certain reporting requirements with respect to digital asset transfers under the Internal Revenue Code of 1986, and for other purposes S. ___: Stablecoin TRUST Act; Issues related to internet-based distributed financial systems and decentralized web applications using blockchain and related distributed ledger technologies
Client expense: Not reported · Firm income: $50,000
2022 · third_quarter · Financial Institutions/Investments/Securities
H.R.7429, Russian Digital Asset Sanctions Compliance Act of 2022 H.R.8730/S.4760, Digital Commodities Consumer Protection Act of 2022 H.R.8950, Digital Commodities Consumer Protection Act of 2022 S.4356, Lummis-Gillibrand Responsible Financial Innovation Act Issues related to the Stablecoin Innovation and Protection Act Issues related to internet-based distributed financial systems and decentralized web applications using blockchain networks Tax issues related to decentralized finance and digital assets Issues related to decentralized finance
Client expense: $200,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Agriculture
Digital Assets, crypto currencies, blockchain and related legislation; Digital Commodity Exchange Act. (HR 7614). Lummis-Gillibrand Responsible Financial Innovation Act (S.4356). S.4760, the Digital Commodities Consumer Protection Act; HR 8730, the Digital Commodities Consumer Protection Act.
Client expense: Not reported · Firm income: $90,000
Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Banking
Digital Assets, crypto currencies, blockchain and related legislation; Digital Commodity Exchange Act, (HR 7614). Securities Clarity Act (HR 4451) and Eliminate Barriers to Innovation Act (HR1602). Lummis-Gillibrand Responsible Financial Innovation Act (S.4356). S.4760, the Digital Commodities Consumer Protection Act; HR 8730, the Digital Commodities Consumer Protection Act.
Client expense: Not reported · Firm income: $90,000
Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Financial Institutions/Investments/Securities
Digital Assets, crypto currencies, blockchain and related legislation. Digital Commodity Exchange Act, (HR 7614). Securities Clarity Act (HR 4451) and Eliminate Barriers to Innovation Act (HR1602). Lummis-Gillibrand Responsible Financial Innovation Act (S.4356). S.4760, the Digital Commodities Consumer Protection Act; HR 8730, the Digital Commodities Consumer Protection Act.
Client expense: Not reported · Firm income: $90,000
Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, SENATE
Government targets: HOUSE OF REPRESENTATIVES, SENATE