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US HB2365
Bill
Status
Introduced
3/26/2025
Primary Sponsor
Tom Emmer
Click for details
AI Summary
- Excludes "investment contract assets" from the definition of "security" under federal securities laws, removing them from SEC jurisdiction
- Defines "investment contract asset" as a fungible digital representation of value recorded on a cryptographically secured public distributed ledger (blockchain) that can be transferred person-to-person without an intermediary
- Amends five major securities laws: Securities Act of 1933, Securities Exchange Act of 1934, Investment Advisers Act of 1940, Investment Company Act of 1940, and Securities Investor Protection Act of 1970
- Introduced March 26, 2025 by Rep. Emmer (R) and Rep. Soto (D) with bipartisan sponsorship, referred to House Financial Services Committee
Legislative Description
Securities Clarity Act of 2025
Finance and financial sector
Last Action
Referred to the House Committee on Financial Services.
3/26/2025
Committee Referrals
Financial Services3/26/2025
Full Bill Text
No bill text available