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 Motion to Reconsider |
| Vote type | Yea-and-Nay |
| Result | Passed |
| Totals | Yea 215 / Nay 211 / Present 0 / Not Voting 6 |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| R | 215 | 0 | 0 | 5 |
| D | 0 | 211 | 0 | 1 |
| I | 0 | 0 | 0 | 0 |
Research Brief
On Motion to Reconsider
Bill Analysis
Bill Summary: HRES 580 (119th Congress)
HRES 580 is a resolution that facilitates the consideration of several key legislative proposals in the U.S. House of Representatives, primarily focusing on appropriations for the Department of Defense and regulatory frameworks for digital commodities and currencies.
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 aims to support military operations, personnel, and modernization efforts.
Digital Commodities Regulation (H.R. 3633): This legislation proposes a regulatory framework for the offer and sale of digital commodities, assigning oversight responsibilities to the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It seeks to establish clear guidelines to enhance market integrity and protect investors.
Federal Reserve Act Amendments (H.R. 1919): This bill amends the Federal Reserve Act to prohibit Federal Reserve banks from directly offering certain financial products or services to individuals. It also restricts the use of central bank digital currency (CBDC) for monetary policy, aiming to clarify the role of CBDCs in the financial system.
Payment Stablecoins Regulation (S. 1582): This legislation focuses on the regulation of payment stablecoins, establishing standards to ensure consumer protection and financial stability in the burgeoning digital currency market.
Funding and Authorities: The resolution does not allocate funding directly but sets the stage for the appropriations and regulatory frameworks outlined in the associated bills.
Beneficiaries and Regulation: The bills collectively impact various stakeholders, including the Department of Defense personnel, investors in digital commodities, consumers using digital currencies, and financial institutions involved in the cryptocurrency market.
Timeline: The resolution was agreed upon by a recorded vote of 217 to 212 on a specific date, facilitating the legislative process for the aforementioned bills. The timeline for subsequent actions will depend on the House’s schedule for considering these bills.
Yea (215)
K
Ken Calvert
S
Scott Franklin
L
Lisa McClain
J
John Rutherford
D
David Schweikert
P
Pete Sessions
Nay (211)
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
