--- title: "Lummis-Gillibrand Responsible Financial Innovation Act" identifier: "117-S-4356" congress: 117 bill_number: 4356 bill_type: "S" version_code: "is" version_type: "Introduced in Senate" bill_url: "https://chamberzero.com/congresses/117/bills/s/4356" source: "https://www.congress.gov/bill/117th-congress/senate-bill/4356" site: "Chamber Zero" site_url: "https://chamberzero.com" rendered_at: "2026-06-04T00:45:44.378Z" --- ## SEC. 1 Short title; table of contents. [Read Section 1 →](/congresses/117/bills/s/4356/sections/1-section-one.md) ## SEC. 2 Definitions. [Read Section 2 →](/congresses/117/bills/s/4356/sections/2.md) # TITLE I — Definitions ## SEC. 101 Definitions. [Read Section 101 →](/congresses/117/bills/s/4356/sections/TI-101.md) # TITLE II — Responsible taxation of digital assets ## SEC. 201 Gain from disposition of digital assets. [Read Section 201 →](/congresses/117/bills/s/4356/sections/TII-201.md) ## SEC. 202 Information reporting requirements imposed on brokers with respect to digital assets. [Read Section 202 →](/congresses/117/bills/s/4356/sections/TII-202.md) ## SEC. 203 Sources of income. [Read Section 203 →](/congresses/117/bills/s/4356/sections/TII-203.md) ## SEC. 204 Decentralized autonomous organizations. [Read Section 204 →](/congresses/117/bills/s/4356/sections/TII-204.md) ## SEC. 205 Tax treatment of digital asset lending agreements and related matters. [Read Section 205 →](/congresses/117/bills/s/4356/sections/TII-205.md) ## SEC. 206 Implementing effective IRS guidance. [Read Section 206 →](/congresses/117/bills/s/4356/sections/TII-206.md) ## SEC. 207 Analysis of retirement investing in digital assets. [Read Section 207 →](/congresses/117/bills/s/4356/sections/TII-207.md) ## SEC. 208 Digital asset mining and staking. [Read Section 208 →](/congresses/117/bills/s/4356/sections/TII-208.md) ## SEC. 209 Conforming amendments. [Read Section 209 →](/congresses/117/bills/s/4356/sections/TII-209.md) # TITLE III — Responsible securities innovation ## SEC. 301 Securities offerings involving certain intangible assets. [Read Section 301 →](/congresses/117/bills/s/4356/sections/TIII-301.md) ## SEC. 302 Termination of specified periodic disclosure requirements. [Read Section 302 →](/congresses/117/bills/s/4356/sections/TIII-302.md) ## SEC. 303 Guidance relating to satisfactory control location. [Read Section 303 →](/congresses/117/bills/s/4356/sections/TIII-303.md) ## SEC. 304 Custody and customer protection rules. [Read Section 304 →](/congresses/117/bills/s/4356/sections/TIII-304.md) # TITLE IV — Responsible Commodities Innovation ## SEC. 401 Definitions. [Read Section 401 →](/congresses/117/bills/s/4356/sections/TIV-401.md) ## SEC. 402 Reporting and recordkeeping. [Read Section 402 →](/congresses/117/bills/s/4356/sections/TIV-402.md) ## SEC. 403 CFTC jurisdiction over digital asset transactions. [Read Section 403 →](/congresses/117/bills/s/4356/sections/TIV-403.md) ## SEC. 404 Registration of digital asset exchanges. [Read Section 404 →](/congresses/117/bills/s/4356/sections/TIV-404.md) ## SEC. 405 Violations. [Read Section 405 →](/congresses/117/bills/s/4356/sections/TIV-405.md) ## SEC. 406 Market reports. [Read Section 406 →](/congresses/117/bills/s/4356/sections/TIV-406.md) ## SEC. 407 Bankruptcy treatment of digital assets. [Read Section 407 →](/congresses/117/bills/s/4356/sections/TIV-407.md) ## SEC. 408 Identified banking products. [Read Section 408 →](/congresses/117/bills/s/4356/sections/TIV-408.md) ## SEC. 409 Financial institutions definition. [Read Section 409 →](/congresses/117/bills/s/4356/sections/TIV-409.md) ## SEC. 410 Offsetting the costs of digital asset regulation. [Read Section 410 →](/congresses/117/bills/s/4356/sections/TIV-410.md) # TITLE V — Responsible consumer protection ## SEC. 501 Responsible consumer protection. [Read Section 501 →](/congresses/117/bills/s/4356/sections/TV-501.md) ## SEC. 502 Source code version of digital assets. [Read Section 502 →](/congresses/117/bills/s/4356/sections/TV-502.md) ## SEC. 503 Settlement finality. [Read Section 503 →](/congresses/117/bills/s/4356/sections/TV-503.md) ## SEC. 504 Notice to customers; enforcement. [Read Section 504 →](/congresses/117/bills/s/4356/sections/TV-504.md) ## SEC. 505 Right to individual management of digital assets. [Read Section 505 →](/congresses/117/bills/s/4356/sections/TV-505.md) ## SEC. 506 Technical and conforming amendments. [Read Section 506 →](/congresses/117/bills/s/4356/sections/TV-506.md) # TITLE VI — Responsible payments innovation ## SEC. 601 Issuance of payment stablecoins. [Read Section 601 →](/congresses/117/bills/s/4356/sections/TVI-601.md) ## SEC. 602 Sanctions compliance responsibilities of payment stablecoin issuers. [Read Section 602 →](/congresses/117/bills/s/4356/sections/TVI-602.md) ## SEC. 603 Use of the official digital currency of the People’s Republic of China on Government devices. [Read Section 603 →](/congresses/117/bills/s/4356/sections/TVI-603.md) ## SEC. 604 Certificate of authority to commence banking. [Read Section 604 →](/congresses/117/bills/s/4356/sections/TVI-604.md) ## SEC. 605 Holding company supervision of covered depository institutions. [Read Section 605 →](/congresses/117/bills/s/4356/sections/TVI-605.md) ## SEC. 606 Implementation rules to preserve adequate competition in payment stablecoins. [Read Section 606 →](/congresses/117/bills/s/4356/sections/TVI-606.md) ## SEC. 607 Financial Crimes Enforcement Network Innovation Laboratory. [Read Section 607 →](/congresses/117/bills/s/4356/sections/TVI-607.md) # TITLE VII — Responsible banking innovation ## SEC. 701 Study on use of distributed ledger technology for reduction of risk in depository institutions. [Read Section 701 →](/congresses/117/bills/s/4356/sections/TVII-701.md) ## SEC. 702 Eligibility for Federal Reserve services to depository institutions. [Read Section 702 →](/congresses/117/bills/s/4356/sections/TVII-702.md) ## SEC. 703 Routing transit number issuance. [Read Section 703 →](/congresses/117/bills/s/4356/sections/TVII-703.md) ## SEC. 704 Clarifying application review times with respect to the Federal banking agencies. [Read Section 704 →](/congresses/117/bills/s/4356/sections/TVII-704.md) ## SEC. 705 Examination standards for digital asset activities. [Read Section 705 →](/congresses/117/bills/s/4356/sections/TVII-705.md) ## SEC. 706 Asset custody for depository institutions and certain other entities. [Read Section 706 →](/congresses/117/bills/s/4356/sections/TVII-706.md) ## SEC. 707 Reputation risk; requirements for account termination requests and orders. [Read Section 707 →](/congresses/117/bills/s/4356/sections/TVII-707.md) ## SEC. 708 Conforming amendments. [Read Section 708 →](/congresses/117/bills/s/4356/sections/TVII-708.md) # TITLE VIII — Responsible interagency coordination ## SEC. 801 Timeline for interpretive guidance issued by Federal financial agencies. [Read Section 801 →](/congresses/117/bills/s/4356/sections/TVIII-801.md) ## SEC. 802 Interstate sandbox activities. [Read Section 802 →](/congresses/117/bills/s/4356/sections/TVIII-802.md) ## SEC. 803 State money transmission coordination relating to digital assets. [Read Section 803 →](/congresses/117/bills/s/4356/sections/TVIII-803.md) ## SEC. 804 Information sharing among Federal and State financial regulators. [Read Section 804 →](/congresses/117/bills/s/4356/sections/TVIII-804.md) ## SEC. 805 Analysis of decentralized finance markets and technologies. [Read Section 805 →](/congresses/117/bills/s/4356/sections/TVIII-805.md) ## SEC. 806 Analysis of energy consumption in digital asset markets. [Read Section 806 →](/congresses/117/bills/s/4356/sections/TVIII-806.md) ## SEC. 807 Analysis of self-regulation and registered digital asset associations. [Read Section 807 →](/congresses/117/bills/s/4356/sections/TVIII-807.md) ## SEC. 808 Cybersecurity standards for digital asset intermediaries. [Read Section 808 →](/congresses/117/bills/s/4356/sections/TVIII-808.md) ## SEC. 809 Advisory Committee on Financial Innovation. [Read Section 809 →](/congresses/117/bills/s/4356/sections/TVIII-809.md)