H. Res. 835 

In the House of Representatives, U. S., 

September 12, 2016. 

Whereas technology solutions have the potential to improve 

consumers’ ability to control their economic well-being, to 

encourage their financial literacy, and improve their 

knowledge base and increase their options to manage 

their finances and engage in commerce; 

Whereas new payment methods and new payment strategies 

reflect new commercial opportunities; 

Whereas the United States is the world leader in software development and technology creation; 

Whereas financial technology is creating new opportunities 

for the 24,800,000 underbanked households in the 

United States; 

Whereas the growth of consumers’ use of mobile devices and 

the deployment of broadband access has supported the 

growth of financial technology products and services outside of traditional products and services offered by banks 

and other financial institutions in the United States increasing commerce and job growth; 

Whereas identity theft is a rising concern for people in the 

United States as their personal information is targeted 

by criminal enterprises for monetization on the black 

market; 
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•HRES 835 EH 

Whereas cyberattacks against domestic and international financial institutions and cooperatives continue; 

Whereas emerging payment options, including alternative 

non-fiat currencies, are leveraging technology to improve 

security through increased transparency and verifiable 

trust mechanisms to supplant decades old payment technology deployed by traditional financial institutions; and 

Whereas blockchain technology with the appropriate protections has the potential to fundamentally change the manner in which trust and security are established in online 

transactions through various potential applications in sectors including financial services, payments, health care, 

energy, property management, and intellectual property 

management: Now, therefore, be it 

Resolved, That it is the sense of the House of Representatives that— 

(1) the United States should develop a national policy to encourage the development of tools for consumers 

to learn and protect their assets in a way that maximizes 

the promise customized, connected devices hold to empower consumers, foster future economic growth, create 

new commerce and new markets; 

(2) the United States should prioritize accelerating 

the development of alternative technologies that support 

transparency, security, and authentication in a way that 

recognizes their benefits, allows for future innovation, 

and responsibly protects consumers’ personal information; 
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(3) the United States should recognize that technology experts can play an important role in the future 

development of consumer-facing technology applications 

for manufacturing, automobiles, telecommunications, 

tourism, health care, energy, and general commerce; 

(4) the United States should support further innovation, and economic growth, and ensure cybersecurity, 

and the protection of consumer privacy; and 

(5) innovators in technology, manufacturing, automobiles, telecommunications, tourism, health care, and 

energy industries should commit to improving the quality 

of life for future generations by developing safe and consumer protective, new technology aimed at improving 

consumers’ access to commerce. 

Attest: 

Clerk.