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This measure sets the rules for how the House will debate and vote on several bills. It covers a defense funding bill for the next fiscal year, a bill to set up rules for trading digital commodities, a bill to block the Federal Reserve from offering retail-style accounts or using a central bank digital currency for monetary policy, and a bill to regulate payment stablecoins. It also temporarily waives a House rule to let these items come up more quickly. It does not change any laws by itself; it just schedules and shapes the debate on these topics .
In short, this is a planning step. The actual impact on people will depend on whether the listed bills pass later and what their final text says. For now, it simply moves these subjects—defense funding and several crypto- and payments-related issues—onto the House floor for consideration .
GENIUS Act
Introduced July 15, 2025 by Brian Jack · Last progress July 16, 2025
On agreeing to the resolution Agreed to by recorded vote: 217 - 212 (Roll no. 198).
On motion to reconsider Agreed to by the Yeas and Nays: 215 - 211 (Roll no. 197).
Considered as unfinished business. (consideration: CR H3332)
POSTPONED PROCEEDINGS - The Chair put the question 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.