H.Res.580 — Providing for consideration of the bill (H.R. 4016) making appropriations for the Department of Defense for the fiscal year ending September 30, 2026, and for other purposes; providing for consideration of the bill (H.R. 3633) to provide for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Commission and the Commodity Futures Trading Commission, and for other purposes; providing for consideration of the bill (H.R. 1919) to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes; providing for consideration of the bill (S. 1582) to provide for the regulation of payment stablecoins, and for other purposes; and waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules.
House Roll Call
H.Res.580
| Bill | H.Res.580 — Providing for consideration of the bill (H.R. 4016) making appropriations for the Department of Defense for the fiscal year ending September 30, 2026, and for other purposes; providing for consideration of the bill (H.R. 3633) to provide for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Commission and the Commodity Futures Trading Commission, and for other purposes; providing for consideration of the bill (H.R. 1919) to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes; providing for consideration of the bill (S. 1582) to provide for the regulation of payment stablecoins, and for other purposes; and waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules. |
|---|---|
| Vote question | On Ordering the Previous Question |
| Vote type | Yea-and-Nay |
| Result | Passed |
| Totals | Yea 211 / Nay 210 / Present 0 / Not Voting 11 |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| R | 211 | 0 | 0 | 9 |
| D | 0 | 210 | 0 | 2 |
| I | 0 | 0 | 0 | 0 |
Research Brief
On Ordering the Previous Question
Bill Analysis
Bill Summary: HRES 580 (119th Congress)
HRES 580 is a resolution that facilitates the consideration of several significant legislative measures in the U.S. House of Representatives, specifically focusing on appropriations for the Department of Defense and regulatory frameworks for digital commodities and stablecoins.
Key Provisions:
Department of Defense Appropriations (H.R. 4016): This bill allocates funding for the Department of Defense for the fiscal year ending September 30, 2026. It is designed to ensure that the military and defense-related activities are adequately financed, impacting various defense programs and personnel.
Regulation of Digital Commodities (H.R. 3633): This legislation aims to establish a regulatory system for the offer and sale of digital commodities, placing oversight under the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This will affect digital asset markets and investors, providing a framework for compliance and consumer protection.
Amendments to the Federal Reserve Act (H.R. 1919): This bill seeks to prohibit Federal Reserve banks from offering certain products or services directly to individuals and restricts the use of central bank digital currency (CBDC) for monetary policy purposes. It aims to regulate the scope of central banking operations and protect individual financial transactions.
Payment Stablecoin Regulation (S. 1582): This legislation proposes a regulatory framework for payment stablecoins, ensuring that these digital currencies are subject to oversight to mitigate risks associated with their use.
Funding and Authorities: The resolution does not directly allocate funding but sets the stage for the aforementioned bills, which will determine their specific funding levels and regulatory authorities once passed.
Beneficiaries and Regulated Entities: The resolution impacts military personnel, digital asset investors, and consumers utilizing stablecoins, while also regulating financial institutions involved in these markets.
Key Timeline: The resolution was agreed to by a recorded vote of 217-212, indicating a narrow passage, and sets the stage for further legislative action on the specified bills.
Yea (211)
K
Ken Calvert
S
Scott Franklin
L
Lisa McClain
J
John Rutherford
D
David Schweikert
P
Pete Sessions
Nay (210)
J
Jason Crow
L
Lloyd Doggett
J
John Garamendi
J
John Mannion
L
Lucy McBath
E
Eric Swalwell
R
Rashida Tlaib
N
Nydia Velázquez
D
Debbie Wasserman Schultz
