IV 

114TH CONGRESS 

2D SESSION H. RES. 835 

Expressing the sense of the House of Representatives that the United States 

should adopt a national policy for technology to promote consumers’ 

access to financial tools and online commerce to promote economic growth 

and consumer empowerment. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 14, 2016 

Mr. KINZINGER of Illinois (for himself and Mr. CA ́RDENAS) submitted the following resolution; which was referred to the Committee on Energy and 

Commerce 

RESOLUTION 

Expressing the sense of the House of Representatives that 

the United States should adopt a national policy for 

technology to promote consumers’ access to financial 

tools and online commerce to promote economic growth 

and consumer empowerment. 

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; 


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•HRES 835 IH 

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; 

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 

1 Resolved, That it is the sense of the House of Rep2 resentatives that— 


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•HRES 835 IH 

1 (1) the United States should develop a national 

2 policy to encourage the development of tools for con3 sumers to learn and protect their assets in a way 

4 that maximizes the promise customized, connected 

5 devices hold to empower consumers, foster future 

6 economic growth, create new commerce and new 

7 markets; 

8 (2) the United States should prioritize accel9 erating the development of alternative technologies 

10 that support transparency, security, and authentica11 tion in a way that recognizes their benefits, allows 

12 for future innovation, and responsibly protects con13 sumers’ personal information; 

14 (3) the United States should recognize that 

15 technology experts can play an important role in the 

16 future development of consumer-facing technology 

17 applications for manufacturing, automobiles, tele18 communications, tourism, health care, energy, and 

19 general commerce; 

20 (4) the United States should support further in21 novation, and economic growth, and ensure cyberse22 curity, and the protection of consumer privacy; and 

23 (5) innovators in technology, manufacturing, 

24 automobiles, telecommunications, tourism, health 

25 care, and energy industries should commit to imVerDate Sep 11 2014 00:26 Jul 16, 2016 Jkt 059060 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\HR835.IH HR835

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•HRES 835 IH 

1 proving the quality of life for future generations by 

2 developing safe and consumer protective, new tech3 nology aimed at improving consumers’ access to 

4 commerce. 

Æ 


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