Search Results: keywords:"interoperability standards"

  • H. R. 4766 — To provide for the regulation of payment stablecoins, and for other purposes.
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    Status:Reported in House
    Words:7,910

    H. R. 4766, named the “Clarity for Payment Stablecoins Act of 2023,” aims to regulate payment stablecoins, which are digital assets designed to maintain a stable value. The bill outlines who can issue stablecoins, requiring them to back their coins with reserves like U.S. currency or Treasury...

    Simple Explanation

    The Clarity for Payment Stablecoins Act of 2023 is like a set of rules to make sure digital coins called stablecoins stay safe and fair, needing people who make these coins to keep enough money to back them up and get permission to do so. It also makes it clear that these coins are different from other money stuff like stocks, so they have their own special rules.

  • S. 4155 — To provide for effective regulation of payment stablecoins, and for other purposes.
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    Status:Introduced in Senate
    Words:33,975

    The Lummis-Gillibrand Payment Stablecoin Act (S. 4155) aims to regulate payment stablecoins in the United States. It sets out requirements for stablecoin issuers, including maintaining reserves of 100% of the stablecoin's nominal value for depository institutions. The Act...

    Simple Explanation

    The Lummis-Gillibrand Payment Stablecoin Act is a law that wants to make sure "stablecoins" (a kind of digital money) are safe for people to use by asking companies to keep enough real money in reserve. It's like making sure a lemonade stand always has enough lemons to refill every lemonade cup they sell.

  • S. 4862 — To ensure that new advances in artificial intelligence are ethically adopted to improve the health of all individuals, and for other purposes.
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    Status:Introduced in Senate
    Words:1,177

    S. 4862 aims to ensure the ethical use of artificial intelligence (AI) in healthcare to benefit all individuals. It requires the National Institutes of Health (NIH) to develop resources for AI-driven health research, provide education, and improve clinical research capabilities. The bill...

    Simple Explanation

    The bill wants to make sure that using computer smart helpers (AI) in hospitals and for health is done safely and fairly for everyone. It says the hospital people can get a lot of money to help, but they must be careful and smart about how they use it.