The bill
Digital Asset Market Clarity Act
HR. 3633, 119th Congress — read as touching Crypto & Fintech.
Digital Asset Market Clarity Act
Download PDFBill ID: 119/hr/3633
Last Updated: July 12, 2026
Sponsored by
Rep. Hill, J. French [R-AR-2]
ID: H001072
Follow the money
The sponsor
Rep. Hill, J. French [R-AR-2]
Every bill has someone who introduced it. That name is where the paper trail starts.
The money
$133,000 raised
21 itemised contributions to this sponsor, pulled from FEC filings.
Bill's Journey to Becoming a Law
Track this bill's progress through the legislative process
Latest Action
Placed on Senate Legislative Calendar under General Orders. Calendar No. 423.
May 31, 2026
Introduced
Committee Review
Floor Action
Passed House
Senate Review
📍 Current Status
Next: Both chambers must agree on the same version of the bill.
🎉
Passed Congress
🖊️
Presidential Action
⚖️
Became Law
📚 How does a bill become a law?
1. Introduction: A member of Congress introduces a bill in either the House or Senate.
2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.
3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.
4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.
5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.
6. Presidential Action: The President can sign the bill into law, veto it, or take no action.
7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!
Bill Summary
[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3633 Reported in Senate (RS)]
<DOC>
Calendar No. 423 119th CONGRESS 2d Session H. R. 3633
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
September 18 (legislative day, September 16), 2025
Received; read twice and ref...
Related Topics
Federal Budget & Appropriations
Generated using Llama 3.1 70B (Dr. Haus personality)
💰 Campaign Finance Network
Rep. Hill, J. French [R-AR-2]
Congress 119 • 2024 Election Cycle
Total Contributions
$133,000
21 donors
PACs
$0
Organizations
$1,000
Committees
$0
Individuals
$132,000
No PAC contributions found
1
THE ROYER LAW FIRM PLLC
$1,000
No committee contributions found
1
BRADBURY, CHARLOTTE S. MRS.
$6,600
2
BRADBURY, CURT MR. JR.
$6,600
3
KEITH, STEVEN M. MR.
$6,600
4
KNAPPLE, WHITFIELD L. DR.
$6,600
5
PFAUTCH, ROY MR.
$6,600
6
QUINTILIAN, DENNIS
$6,600
7
QUINTILIAN, DORIS
$6,600
8
RUTLEDGE, REYNIE MR.
$6,600
9
SCHWARZMAN, STEPHEN A. MR.
$6,600
10
DORRELL, MICHAEL
$6,600
11
SCHUECK, PATRICK T. MR.
$6,600
12
FISHER, KENNETH MR.
$6,600
13
FISHER, SHERRILYN MRS.
$6,600
14
ALLEN, MARY
$6,600
15
DALY, JUSTIN MR.
$6,600
16
ROWAN, CAROLYN MS.
$6,600
17
ROWAN, MARC MR.
$6,600
18
SNIDER, TED MR. JR.
$6,600
19
SCHWAB, CHARLES MR.
$6,600
20
ANTHONY, JOHN E. MR.
$6,600
Cosponsors & Their Campaign Finance
This bill has 10 cosponsors. Below are their top campaign contributors.
Rep. Thompson, Glenn [R-PA-15]
ID: T000467
Top Contributors
10
1
BUTLER MACHINE
OrganizationTULELAKE, CA
$3,300
Oct 15, 2024
2
CHOCTAW NATION OF OKLAHOMA
OrganizationDURANT, OK
$3,300
Oct 15, 2024
3
BUTLER MACHINE
OrganizationTULELAKE, CA
$3,300
Nov 13, 2024
4
CORTINA HULLING & SHELLING GROUP
OrganizationWILLIAMS, CA
$3,300
Nov 13, 2024
5
AG VENTURES
OrganizationELIZABETHTOWN, PA
$2,500
May 1, 2023
6
ROESLEIN ALTERNATIVE ENERGY, LLC
OrganizationST. LOUIS, MO
$2,000
May 18, 2023
7
RANCH 440
OrganizationMECCA, CA
$1,500
May 22, 2023
8
KOHL REAL ESTATE
OrganizationKITTANNING, PA
$1,000
Mar 11, 2024
9
DWIGHT STANSEL FARM & NURSERY
OrganizationWELLBORN, FL
$1,000
May 30, 2023
10
HIGHLINE GRAIN GROWERS INC
OrganizationDAVENPORT, WA
$1,000
Jun 13, 2023
Rep. Craig, Angie [D-MN-2]
ID: C001119
Top Contributors
10
1
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
OrganizationPRIOR LAKE, MN
$3,300
Oct 30, 2023
2
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
OrganizationPRIOR LAKE, MN
$3,300
May 23, 2024
3
EASTERN BAND OF CHEROKEE INDIANS
OrganizationCHEROKEE, NC
$3,300
Oct 28, 2024
4
PRAIRIE ISLAND TRIBAL COUNCIL
OrganizationWELCH, MN
$3,300
Oct 21, 2024
5
AK-CHIN INDIAN COMMUNITY
OrganizationMARICOPA, AZ
$3,300
Mar 31, 2023
6
AK-CHIN INDIAN COMMUNITY
OrganizationMARICOPA, AZ
$2,500
Sep 24, 2024
7
THE MORONGO BAND OF MISSION INDIANS
OrganizationBANNING, CA
$1,000
Jun 30, 2024
8
FISCHER, FRANK
NOT EMPLOYED • NOT EMPLOYED
IndividualATHERTON, CA
$6,600
Mar 21, 2024
9
MAKOWER, JOSH
STANFORD UNIVERSITY • PROFESSOR
IndividualLOS ALTOS HILLS, CA
$6,600
Mar 19, 2024
10
BOWEN, DAVID
NOT EMPLOYED • RETIRED
IndividualSAN FRANCISCO, CA
$6,600
Apr 22, 2024
Rep. Emmer, Tom [R-MN-6]
ID: E000294
Top Contributors
10
1
AGUA CALIENTE BAND OF CAHUILLA INDIANS
OrganizationPALM SPRINGS, CA
$10,000
Jun 4, 2024
2
AGUA CALIENTE BAND OF CAHUILLA INDIANS
OrganizationPALM SPRINGS, CA
$6,700
Nov 6, 2023
3
AK-CHIN INDIAN COMMUNITY
OrganizationMARICOPA, AZ
$5,000
Dec 31, 2023
4
PRAIRIE ISLAND TRIBAL COUNCIL
OrganizationWELCH, MN
$5,000
Dec 27, 2023
5
FOREST COUNTY POTAWATOMI COMMUNITY
OrganizationCRANDON, WI
$5,000
Jul 25, 2023
6
AK-CHIN INDIAN COMMUNITY
OrganizationMARICOPA, AZ
$5,000
Sep 10, 2024
7
MIAMI TRIBE OF OKLAHOMA
OrganizationMIAMI, OK
$3,300
Mar 26, 2024
8
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
Jun 10, 2024
9
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
Jul 31, 2023
10
MORONGO BAND OF MISSION INDIANS
OrganizationBANNING, CA
$2,300
Feb 27, 2024
Rep. Johnson, Dusty [R-SD-At Large]
ID: J000301
Top Contributors
10
1
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
OrganizationPRIOR LAKE, MN
$3,300
Oct 31, 2023
2
AK-CHIN INDIAN COMMUNITY
OrganizationMARICOPA, AZ
$3,300
Mar 31, 2023
3
CONFEDERATED TRIBES COLVILLE RESERVATION
OrganizationNESPELEM, WA
$3,300
Mar 31, 2024
4
PECHANGA BAND OF INDIANS
OrganizationTEMECULA, CA
$3,300
Mar 31, 2024
5
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
OrganizationPRIOR LAKE, MN
$3,300
Jun 24, 2024
6
MIAMI TRIBE OF OKLAHOMA
OrganizationMIAMI, OK
$3,000
Mar 7, 2024
7
PUYALLUP TRIBE OF INDIANS
OrganizationTACOMA, WA
$2,900
Jun 15, 2023
8
MORONGO BAND OF MISSION INDIANS
OrganizationBANNING, CA
$2,300
Mar 7, 2024
9
EASTERN BAND OF CHEROKEE INDIANS
OrganizationCHEROKEE, SC
$2,000
Dec 28, 2023
10
SISSETON-WAHPETON OYATE
OrganizationAGENCY VILLAGE, SD
$2,000
Jan 5, 2023
Rep. Davis, Donald G. [D-NC-1]
ID: D000230
Top Contributors
10
1
FEDERATED INDIANS OF GRATON RANCHERIA
OrganizationROHNERT PARK, CA
$3,300
Mar 5, 2024
2
TUNICA-BILOXI TRIBE OF LA
OrganizationMARKSVILLE, LA
$2,000
Dec 31, 2023
3
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
OrganizationPRIOR LAKE, MN
$1,650
Jun 6, 2023
4
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
OrganizationPRIOR LAKE, MN
$1,650
May 13, 2024
5
BARONA BAND OF MISSION INDIANS
OrganizationLAKESIDE, CA
$1,500
May 31, 2023
6
CHEROKEE NATION
OrganizationTAHLEQUAH, OK
$1,000
Dec 28, 2023
7
FISHER, DEBORAH
NOT EMPLOYED • NOT EMPLOYED
IndividualCOEUR D ALENE, ID
$4,000
Jul 29, 2024
8
BLOOM, BRADLEY
BERKSHIRE PARTNERS LLC • INVESTMENTS
IndividualWELLESLEY, MA
$3,300
Oct 31, 2024
9
BRAUFMAN, JILL
NOT EMPLOYED • RETIRED
IndividualSURFSIDE, FL
$3,300
Oct 18, 2024
10
CLAPP, STEPHEN
SELF EMPLOYED • RANCHER
IndividualSEQUIM, WA
$3,300
Oct 30, 2024
Rep. Steil, Bryan [R-WI-1]
ID: S001213
Top Contributors
10
1
FOREST COUNTY POTAWATOMI COMMUNITY
OrganizationCRANDON, WI
$3,300
Apr 25, 2024
2
FOREST COUNTY POTAWATOMI COMMUNITY
OrganizationCRANDON, WI
$3,300
Mar 22, 2023
3
OTOE MISSOURIA TRIBE OF OKLAHOMA
OrganizationRED ROCK, OK
$3,300
Sep 30, 2024
4
HO CHUNK NATION
OrganizationBLACK RIVER FALLS, WI
$3,300
Oct 30, 2024
5
HO CHUNK NATION
OrganizationBLACK RIVER FALLS, WI
$2,900
Mar 13, 2023
6
CHEROKEE NATION
OrganizationTAHLEQUAH, OK
$2,500
Dec 23, 2023
7
ONEIDA NATION
OrganizationONEIDA, WI
$2,000
Jun 30, 2023
8
MORONGO BAND OF MISSION INDIANS
OrganizationBANNING, CA
$1,500
Jun 30, 2023
9
MORONGO BAND OF MISSION INDIANS
OrganizationBANNING, CA
$1,500
Jun 30, 2024
10
ONEIDA NATION
OrganizationONEIDA, WI
$1,300
Jun 30, 2024
Rep. Torres, Ritchie [D-NY-15]
ID: T000486
Top Contributors
10
1
OPEN HAND ASSOCIATION, INC.
OrganizationBRONX, NY
$5,000
Jan 10, 2024
2
JANNEY MONTGOMERY SCOTT
OrganizationPHILADELPHIA, PA
$4,589
May 31, 2023
3
HABEMATOLEL POMO OF UPPER LAKE TRIBE OF CALIFORNIA
OrganizationUPPER LAKE, CA
$3,300
Jul 18, 2023
4
OTOE MISSOURIA TRIBE OF OKLAHOMA
OrganizationRED ROCK, OK
$3,300
Jul 18, 2023
5
TURTLE MOUNTAIN BAND OF CHIPPEWA OF NORTH DAKOTA
OrganizationBELCOURT, ND
$3,300
Jul 17, 2023
6
JANNEY MONTGOMERY SCOTT
OrganizationPHILADELPHIA, PA
$2,976
Apr 28, 2023
7
JANNEY MONTGOMERY SCOTT
OrganizationPHILADELPHIA, PA
$682
Jun 6, 2023
8
JANNEY MONTGOMERY SCOTT
OrganizationPHILADELPHIA, PA
$270
Jul 5, 2023
9
JANNEY MONTGOMERY SCOTT
OrganizationPHILADELPHIA, PA
$227
Jul 31, 2023
10
JANNEY MONTGOMERY SCOTT
OrganizationPHILADELPHIA, PA
$48
Jun 30, 2023
Rep. Davidson, Warren [R-OH-8]
ID: D000626
Top Contributors
10
1
CASCARILLA, CHARLES
PAXOS • CEO
IndividualMIAMI, FL
$6,600
Apr 22, 2024
2
CASCARILLA, MARISSA
NA • HOMEMAKER
IndividualMIAMI, FL
$6,600
Apr 22, 2024
3
FISHER, KENNETH
FISHER INVESTMENTS • EXECUTIVE CHAIRMAN
IndividualPLANO, TX
$6,600
May 22, 2024
4
FISHER, SHERRILYN
PLANO 6500 LLC • MEMBER
IndividualPLANO, TX
$6,600
May 22, 2024
5
GROW, RICHARD
RETIRED • RETIRED
IndividualCINCINNATI, OH
$6,600
Mar 10, 2023
6
ROBINSON, ROBERT S
SELF EMPLOYED • ENTREPRENEUR
IndividualFAIRFIELD TOWNSHIP, OH
$6,600
May 5, 2023
7
BEAMAN, LEE
BEAMAN VENTURES • INVESTOR
IndividualNASHVILLE, TN
$6,600
Apr 13, 2023
8
PHELAN, BRENT J
PHELAN INSURANCE • INSURANCE
IndividualWEST CHESTER, OH
$6,600
Apr 19, 2023
9
RICKETTS, J. PETER
IndividualOMAHA, NE
$6,600
Jun 30, 2023
10
UIHLEIN, RICHARD
ULINE • CEO / OWNER
IndividualLAKE FOREST, IL
$5,800
Jan 26, 2023
Rep. Gottheimer, Josh [D-NJ-5]
ID: G000583
Top Contributors
10
1
AMERICAN EXPRESS
OrganizationNEWARK, NJ
$22,941
Apr 12, 2024
2
AMERICAN EXPRESS
OrganizationNEWARK, NJ
$10,621
May 10, 2024
3
PAYROLL DATA PROCESSING
OrganizationTAMPA, FL
$6,337
May 15, 2024
4
PAYROLL DATA PROCESSING
OrganizationTAMPA, FL
$6,337
Apr 15, 2024
5
PAYROLL DATA PROCESSING
OrganizationTAMPA, FL
$6,337
Apr 30, 2024
6
PAYROLL DATA PROCESSING
OrganizationTAMPA, FL
$5,751
Apr 1, 2024
7
EASTERN BAND OF CHEROKEE INDIANS
OrganizationCHEROKEE, NC
$3,300
Oct 22, 2024
8
SEKAS LAW GROUP LLC
OrganizationENGLEWOOD CLIFFS, NJ
$1,500
Apr 12, 2024
9
SANDOR F. GENET & ASSOCIATES, P.A.
OrganizationNORTH MIAMI BEACH, FL
$250
Apr 12, 2024
10
FIRESTONE MILKEN, SARAH
NOT EMPLOYED • NOT EMPLOYED
IndividualPACIFIC PALISADES, CA
$13,200
Jul 2, 2024
Rep. Huizenga, Bill [R-MI-4]
ID: H001058
Top Contributors
10
1
POKAGON BAND OF POTAWATOMI INDIANS
OrganizationDOWAGIAC, MI
$3,300
Dec 11, 2023
2
THALOP LLC
OrganizationINDIANAPOLIS, IN
$1,000
Aug 29, 2024
3
BARREL DOG, LLC
OrganizationHOLLAND, MI
$1,000
Sep 1, 2024
4
NOAH HOMES LLC
OrganizationINDIANAPOLIS, IN
$1,000
Sep 30, 2024
5
THALOP LLC
OrganizationINDIANAPOLIS, IN
$1,000
Sep 30, 2024
6
B&B DAIRY
OrganizationPLAINVIEW, TX
$500
Jul 28, 2024
7
B&B DAIRY
OrganizationPLAINVIEW, TX
$500
Sep 5, 2024
8
STRAIGHT LINE RED ANGUS
OrganizationBANGOR, MI
$250
Jul 23, 2024
9
VAN ANDEL, AMY
THE STEVE AND AMY VAN ANDEL FOUNDATION • EXECUTIVE DIRECTOR
IndividualADA, MI
$75,000
Mar 29, 2024
10
VAN ANDEL, STEPHEN
AMWAY • CHAIRMAN
IndividualADA, MI
$75,000
Mar 29, 2024
Donor Network - Rep. Hill, J. French [R-AR-2]
PACs
Organizations
Individuals
Politicians
Hub layout: Politicians in center, donors arranged by type in rings around them.
Loading...
Showing 54 nodes and 36 connections (42 secondary connections hidden)
Total contributions: $191,350
Top Donors - Rep. Hill, J. French [R-AR-2]
Showing top 21 donors by contribution amount
1 Org20 Individuals
Industry Impact
Which industries are materially affected by specific provisions in this bill. 5 helped, 15 harmed.
- +Crypto & Fintechconfidence 0.90
The bill provides regulatory clarity and exemptions for digital commodities, including provisions for expedited registration of digital commodity exchanges, brokers, and dealers (Sec. 106), treatment of digital commodities under securities laws (Sec. 101-105), and anti-fraud authority over permitted payment stablecoins (Sec. 302), which benefits crypto and fintech firms by creating a clearer regulatory framework and reducing legal uncertainty.
- −Health Insuranceconfidence 0.80
Section 602 prohibits Federal Reserve banks from offering financial products or services directly to individuals, which could harm health insurance companies that rely on banking partnerships for premium payments or health savings account administration.
- +Cybersecurityconfidence 0.80
Section 306 establishes a voluntary cybersecurity program for decentralized finance trading protocols, directly benefiting cybersecurity companies through increased adoption of NIST standards and government-industry collaboration.
- +Big Tech Platformsconfidence 0.70
The bill includes provisions for studying blockchain in payments (Sec. 508) and establishing a Strategic Hub for Innovation and Financial Technology (Sec. 502), which could benefit big tech platforms involved in blockchain and digital asset services by promoting innovation and potential adoption of their technologies.
- −Hospitals & Health Systemsconfidence 0.70
Section 602's prohibition on Federal Reserve banks offering financial products/services directly to individuals could disrupt hospital revenue cycles that depend on banking services for patient payments and insurance reimbursements.
- −Real Estateconfidence 0.70
Section 602 prohibits Federal Reserve banks from offering financial products/services directly to individuals, which could harm real estate companies that depend on banking relationships for mortgage lending, escrow services, and property transaction financing.
+ 14 more industries not shown.
Who funds the sponsor on these industries
For each industry this bill affects, here's what the sponsor (Rep. Hill, J. French [R-AR-2])received from donors associated with that industry during the 2022–present cycles. Donations are not proof of intent — they are a record of who funds the people writing the law.
Industries this bill HELPS
- Crypto & Fintech$40,700from 14 contributions
- ARMSTRONG, BRIAN$6,600
- TUSAR, GREGORY$6,600
- GREWAL, PAUL$3,300
- HAAS, A$3,300
- GUPTA, MANISH$3,300
Industries this bill HARMS
- Private Equity & Hedge Funds$25,400from 10 contributions
- ROWAN, MARC MR.$9,900
- RAVIV, GIL$3,300
- TAYLOR, NATHANIEL$3,300
- ZELTER, JAMES$3,150
- REISS, MICHAEL$1,800
- Real Estate$7,600from 3 contributions
- NORMAN, WILLIAM SCOTT MR. JR.$6,600
- KILLMER, WILLIAM$1,000
- from 2 contributions
- MEADORS, FREDERICK A. DR.$6,600
- from 1 contribution
- FITZGERALD, SHELI$750
- Agribusiness$750from 2 contributions
- YORK, ANDREW$500
- CARGILL, JIM MR. III$250
- from 1 contribution
- HARPER, CRAIG MR.$500
- from 1 contribution
- YORK, ANDREW$500