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- H.R.4813
H.R.4813: Keep Big Tech Out Of Finance Act
About This Bill
- Introduced Oct. 23, 2019
- Latest Major Action Nov. 13, 2019
Bill Sponsor
Bill Version
- Introduced in House - Oct. 23, 2019
Bill Summary
Keep Big Tech Out Of Finance Act This bill generally prohibits certain large technology companies (e.g., social media platforms) from offering financial services. Specifically, these companies may not be a financial institution; be affiliated with a financial institution; or establish, maintain, or operate a digital currency. The bill provides for a one-year wind-down period for a company engaging in these prohibited activities.
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Nov. 13, 2019 |
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
|
| Oct. 23, 2019 |
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
|
| Oct. 23, 2019 |
Introduced in the House by Jesús García (D-Ill.) |