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United States · Bill · HR

H.R. 4813 (116th)

Keep Big Tech Out Of Finance Act

referredUnited States· United States Congress· EN

Introduced

23 October 2019

Last action

Status

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

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

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.

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Versions

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Documents

3 official files

Introduced in House (text)

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Sources

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