Keep Big Tech Out Of Finance Act

United States116th CongressHR-4813House of Representatives
Updated: Nov 13, 2019

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.

Bill texts

Available versions
Introduced (House)View official text

1 version available

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Timeline

  1. 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.

    House of Representatives

  2. Introduced in House

  3. Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.

    House of Representatives

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