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 de-
velopment 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 out-
side of traditional products and services offered by banks 
and other financial institutions in the United States in-
creasing 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;
•HRES 835 EH 
Whereas cyberattacks against domestic and international fi-
nancial 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 tech-
nology deployed by traditional financial institutions; and 
Whereas blockchain technology with the appropriate protec-
tions has the potential to fundamentally change the man-
ner in which trust and security are established in online 
transactions through various potential applications in sec-
tors 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 Represent-
atives that— 
(1) the United States should develop a national pol-
icy 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 em-
power 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 informa-
tion;
•HRES 835 EH 
(3) the United States should recognize that tech-
nology 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 inno-
vation, and economic growth, and ensure cybersecurity, 
and the protection of consumer privacy; and 
(5) innovators in technology, manufacturing, auto-
mobiles, telecommunications, tourism, health care, and 
energy industries should commit to improving the quality 
of life for future generations by developing safe and con-
sumer protective, new technology aimed at improving 
consumers’ access to commerce. 
Attest: 
Clerk.