Overview: HRES 580, Providing for consideration of the bill (H.R. 4016) making appropriations for the Department of Defense for the fiscal year ending September 30, 2026, and for other purposes; providing for consideration of the bill (H.R. 3633) to provide for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Commission and the Commodity Futures Trading Commission, and for other purposes; providing for consideration of the bill (H.R. 1919) to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes; providing for consideration of the bill (S. 1582) to provide for the regulation of payment stablecoins, and for other purposes; and waiving a requirement of clause 6(a) of rule XIII with respect to consideration of certain resolutions reported from the Committee on Rules.
Status: Passed/agreed to in House: On agreeing to the resolution Agreed to by recorded vote: 217 - 212 (Roll no. 198).
Introduced: July 15, 2025
Purpose and Intent: This House resolution provides for the consideration of several bills related to federal appropriations, financial regulation, and monetary policy. It establishes the rules and procedures for debating and voting on these legislative measures.
Key Provisions:
- Allows for consideration of the Department of Defense Appropriations Act for fiscal year 2026
- Provides for consideration of a bill to regulate the offer and sale of digital commodities
- Enables consideration of a bill to prohibit the Federal Reserve from offering certain products and services
- Permits consideration of a bill to regulate payment stablecoins
- Waives a House rule regarding the consideration of certain resolutions from the Committee on Rules
Affected Parties and Impacts:
- The Department of Defense, as the appropriations bill would impact its funding
- The Securities and Exchange Commission, Commodity Futures Trading Commission, and Federal Reserve, as the other bills would affect their regulatory authority
- Businesses and individuals involved in digital assets, commodities, and payment systems
Procedural and Timeline Considerations:
The House resolution has been passed, allowing for the consideration of the specified bills. The next step would be for the House to take up and vote on the individual legislative measures.