HR 8989
To require the Securities and Exchange Commission to conduct a study on the feasibility, benefits, and costs of using a distributed ledger system in the post-trade clearing and settlement process, and for other purposes.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill directs the Securities and Exchange Commission (SEC) to conduct a comprehensive study on the potential of using distributed ledger technology, like blockchain, to improve the post-trade clearing and settlement process for securities. The study will examine the feasibility, benefits, and costs of this technology, considering both domestic and international perspectives. The SEC must then report its findings to Congress, potentially including a pilot program assessment, and update the report annually.
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