**House Passes Key Bills on Defense Funding and Digital Currency Regulation**

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28 days ago - Politics

House Approves Important Bills Affecting Defense and Digital Currency Regulation

In a significant move, House Republicans voted to pass a resolution that allows discussion on four important bills that could change aspects of national security and the way we deal with digital money.

First on the list is a bill that will provide funds for the Department of Defense. This funding is crucial for ensuring that our military has the support it needs for operations through the end of September 2026. The exact amounts for different programs are still being decided, but ensuring national safety is a top priority.

Next, House members will consider a bill that aims to create rules for the sale of digital commodities, like cryptocurrencies. If this bill passes, two government agencies, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), will oversee how these digital goods are sold. This means safer buying and selling for people interested in digital investments.

Another important bill on the agenda seeks to change the way the Federal Reserve operates. It would prevent the Federal Reserve from directly providing some services, such as loans, to individuals. This bill also aims to stop the use of a central bank digital currency from being used to control how money is managed. In simpler terms, this would give the Federal Reserve less power over new types of digital money.

Lastly, there is a bill that focuses on creating rules for payment stablecoins, which are digital currencies made to have a steady value. Like the other bills, this one is designed to protect users and ensure that there is proper oversight as we deal with more digital currency options.

All these bills are expected to create a safer environment for trading digital goods, better funding for defense, and stricter rules around the Federal Reserve and digital currencies. The House's approval marks a step towards shaping the future of our economy and security.

This is a resolution about several important bills in Congress related to money and regulations.

  1. Defense Funding: The first bill will allocate money to the Department of Defense for the year ending September 30, 2026. This means the government will spend money to keep the military strong and ready.

  2. Digital Commodities Regulation: The second bill will create rules for buying and selling digital goods online, like cryptocurrencies. This is to make sure people can trade safely and legally.

  3. Federal Reserve Changes: The third bill aims to stop the Federal Reserve from giving certain services directly to people and prevents the Federal Reserve from using digital money to control economic policy. This means people won't get loans or services directly from the Federal Reserve.

  4. Payment Stablecoins Regulation: The last bill will set rules for stablecoins, which are a type of digital money tied to the value of regular money. This will help protect people who use these types of payments.

This resolution also allows these bills to be discussed in the House of Representatives without many formalities that usually slow things down. This makes the process faster and more efficient, helping to ensure that these important matters are addressed sooner rather than later.

426 votes

Yes

215

No

211

Not Voting

6

  1. On agreeing to the resolution Agreed to by recorded vote: 217 - 212 (Roll no. 198).
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  2. Passed/agreed to in House: On agreeing to the resolution Agreed to by recorded vote: 217 - 212 (Roll no. 198).
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  3. On motion to reconsider Agreed to by the Yeas and Nays: 215 - 211 (Roll no. 197).
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  4. Considered as unfinished business.
  5. POSTPONED PROCEEDINGS - The Chair put the question on the motion to reconsider and by voice vote, announced that the ayes had prevailed. Mr. McGovern demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
  6. Mr. Scalise moved to reconsider the vote.
  7. Failed of passage/not agreed to in House On agreeing to the resolution Failed by recorded vote: 196 - 223 (Roll no. 195).
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  8. On agreeing to the resolution Failed by recorded vote: 196 - 223 (Roll no. 195).
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  9. Considered as unfinished business.
  10. POSTPONED PROCEEDINGS - The Chair put the question on agreeing to the resolution and by voice vote, announced that the ayes had prevailed. Ms. Scanlon demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
  11. On ordering the previous question Agreed to by the Yeas and Nays: 211 - 210 (Roll no. 194).
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  12. DEBATE - The House proceeded with one hour of debate on H. Res. 580.
  13. Considered as privileged matter.
  14. The resolution provides for consideration of H.R. 4016 and H.R. 3633 under a structured rule, and H.R. 1919 and S. 1582 under a closed rule, with one hour of general debate on each bill. The resolution provides for a motion to recommit on H.R. 4016, H.R. 3633, and H.R. 1919, and a motion to commit on S. 1582.
  15. Reported in House

    This is a resolution about several important bills in Congress related to money and regulations.

    1. Defense Funding: The first bill will allocate money to the Department of Defense for the year ending September 30, 2026. This means the government will spend money to keep the military strong and ready.

    2. Digital Commodities Regulation: The second bill will create rules for buying and selling digital goods online, like cryptocurrencies. This is to make sure people can trade safely and legally.

    3. Federal Reserve Changes: The third bill aims to stop the Federal Reserve from giving certain services directly to people and prevents the Federal Reserve from using digital money to control economic policy. This means people won't get loans or services directly from the Federal Reserve.

    4. Payment Stablecoins Regulation: The last bill will set rules for stablecoins, which are a type of digital money tied to the value of regular money. This will help protect people who use these types of payments.

    This resolution also allows these bills to be discussed in the House of Representatives without many formalities that usually slow things down. This makes the process faster and more efficient, helping to ensure that these important matters are addressed sooner rather than later.

  16. Placed on the House Calendar, Calendar No. 37.
  17. The House Committee on Rules reported an original measure, H. Rept. 119-199, by Mr. Jack.