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Code · BILL · 119th Congress · H.R. 3633 (Introduced in House) — To provide for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Com... · Sec. 102

Sec. 102. Definitions under the Securities Exchange Act of 1934

192 words·~1 min read·/bill/119/hr/3633/ih/section-102

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Section 3(a) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78c(a) ) is amended— by redesignating the second paragraph
(80)(relating to funding portals) as paragraph (81); and by adding at the end the following: The term Bank Secrecy Act means— section 21 of the Federal Deposit Insurance Act ( 12 U.S.C. 1829b ); chapter 2 of title I of Public Law 91–508 ( 12 U.S.C. 1951 et seq. ); and subchapter II of chapter 53 of title 31, United States Code. The terms blockchain system , decentralized governance system , digital asset , digital commodity affiliated person , digital commodity issuer , digital commodity related person , end user distribution , mature blockchain system , and permitted payment stablecoin , have the meaning given those terms, respectively, under section 2(a) of the Securities Act of 1933 ( 15 U.S.C. 77b(a) ). The terms digital commodity , digital commodity broker , digital commodity dealer , digital commodity exchange , decentralized finance messaging system , and decentralized finance trading protocol have the meaning given those terms, respectively, under section 1a of the Commodity Exchange Act ( 7 U.S.C. 1a ). .
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  • Pub. L. 91-508
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Sec. 102
Definitions under the Securities Exchange Act of 1934
U.S.C.§ 78c
U.S.C.§ 1829b
U.S.C.§ 1951
U.S.C.§ 77b
U.S.C.§ 1a
Pub. L.Pub. L. 91-508
Cites 6Cited by 0 across 0 sources
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