Jun 9, 01:07 AM

House Financial Services Committee Begins Markup of CLARITY Act ANS Amid GOP Separate Markup and Gensler-Era Provision Concerns

The Amendment in the Nature of a Substitute (ANS) for the CLARITY Act, an updated version of the bill with recent amendments, has been posted and will serve as the basis for the markup session scheduled for Tuesday in the U.S. House Committee on Financial Services. This version represents the most recent text from the Financial Services Committee, while the House Agriculture GOP Committee is preparing its own separate markup. After both committees complete their markups, the two versions will be consolidated into a single bill. Ahead of the markup, some industry stakeholders have expressed concerns about a new section in the amended text described as a "Gensler-era provision," which would remove certain exemptions. The markup session is currently underway in the House Committee on Financial Services.

#for the CLARITY Act #Financial Services Committee #House Agriculture GOP Committee

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