H.R. 5741 · 118th Congress · 2023–2024
Uniform Treatment of Custodial Assets Act
H.R. 5741 in the 118th Congress (2023–2024) was introduced on Sep 27, 2023, sponsored by Mike Flood with 22 co-sponsors.
During the 118th Congress (2023–2024), Joe Biden was president, and Republicans held the House majority and Democrats the Senate majority.
- Status
- Introduced
- Introduced
- Sep 27, 2023
- Co-sponsors
- 22
- Policy area
- Finance and Financial Sector
What it does
Uniform Treatment of Custodial Assets Act This bill addresses the accounting treatment of certain assets, including digital assets, at financial institutions. For example, under the bill, federal regulatory entities are prohibited from requiring specified financial institutions to include as a liability on financial statements assets that are held in custody or safekeeping by the institution.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Mike Flood (R-NE). Co-sponsors: 15 Democrats, 7 Republicans.
Where it stands
- IntroducedSep 27, 2023
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Financial Services. (Sep 27, 2023)
More bills from Mike Flood in the 118th Congress
Other Finance and Financial Sector bills in the 118th Congress
- H.R. 1096: 250th Anniversary of the United States Marine Corps Commemorative Coin Act
- H.R. 3315: National Guard and Reservists Debt Relief Extension Act of 2023
- H.R. 807: Working Dog Commemorative Coin Act
- H.R. 7438: FIFA World Cup 2026 Commemorative Coin Act
- S.J.Res. 32: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United…
- H.J.Res. 142: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the…
- S. 305: 250th Anniversary of the United States Marine Corps Commemorative Coin Act
- H.R. 582: Credit Union Board Modernization Act
- S. 610: Credit Union Board Modernization Act
- S. 711: Working Dog Commemorative Coin Act
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 5741 (118th Congress): Uniform Treatment of Custodial Assets Act,” https://www.capitolreceipts.com/bill/118-hr-5741/uniform-treatment-of-custodial-assets-act (accessed 2026-10-17).