HR 5966 · 118th Congress · Finance and Financial Sector

Off-Chain Digital Commodity Transaction Reporting Act of 2023

Introduced 2023-10-17· Sponsored by Rep. Beyer, Donald S., Jr. [D-VA-8]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.(2024-01-18)

Plain Language Summary

[AI summary unavailable — showing source text] Off-Chain Digital Commodity Transaction Reporting Act of 2023 This bill requires all digital asset commodity transactions to be reported to a trade repository registered with the Commodity Futures Trading Commission. This includes transactions executed on or off a trading platform. The bill also requires sellers to deliver a digital commodity not less than 24 hours after the transaction. Digital asset repositories of transactions are subject to similar requirements established for swap data repositories.…

Summarized by Claude AI · Non-partisan · For informational purposes only