Finance & Technology

WASHINGTON, D.C. - Yesterday, Congressman Darren Soto's bills, the Digital Taxonomy Act(H.R. 2154) and the Blockchain Innovation Act (H.R.

WASHINGTON, DC - Today, Congressman David Schweikert (AZ-06), Co-Chair of the Congressional Blockchain Caucus, along with Caucus Co-Chairs Congressman Bill Foster (IL-11), Congressman Tom Emmer (MN-06), and Congressman Darren Soto (FL-09) sent a letter to the Internal Revenue Service (IRS) asking for guidance on the taxation of "block rewards" in a proof of stake network. Currently, taxpayers are not given guidance for how participating in "staking" should be treated, which could result in unintentionally dissuading participation in this new technology.

WASHINGTON, D.C. -- Today Congressman Darren Soto (FL-09) announced appropriations wins for Central Florida included in H.R. 7617, the second "minibus" of fiscal year 2021 spending bills: Defense, Commerce-Justice-Science, Energy and Water Development, Financial Service and General Government, Labor-HHS-Education, and Transportation-Housing and Urban Development.

WASHINGTON, DC – Last week, Congressman David Schweikert (AZ-06) and Congressman Darren Soto's (FL-09) bipartisan amendment to increase funding for the FDA to enhance the security and reliability of U.S. supply chains during the COVID-19 pandemic for food, pharmaceuticals, and other essential medical equipment and supplies through technologies such as blockchain passed the House of Representatives. This bipartisan amendment was included in H.R. 7608, the Department of State, Foreign Operations, and Related Programs Appropriations Act of 2021.

Today, Rep. Darren Soto (FL-09) led a letter to Ajit Pai, Chairman of the Federal Communication Commission, urging him to enact policies that would protect Americans from losing access to their cell phone, landline and internet during the COVID-19 national emergency.

WASHINGTON, D.C. – Today, H.Res. 575, introduced by Reps. Darren Soto (FL-09) and Bill Flores (TX-17), passed out of the House. The bipartisan resolution seeks to ensure new recommendations of "The Prague Proposals" are carefully considered by all stakeholders in the deployment of 5G communications infrastructure. It also encourages the President and Federal agencies to promote trade and security policies on the international stage that are consistent with "The Prague Proposals".

WASHINGTON, D.C. – Today, Rep. Darren Soto (FL-09) celebrated the more than 400 bills, including more than 275 bipartisan bills still awaiting action in the GOP-controlled Senate, passed by the Democratic House Majority over the past year.

New Democrat Coalition Endorses Rep. Soto's Bipartisan AI JOBS Act of 2019

Washington, DC – This week, the New Democrat Coalition (NDC) announced the endorsement of legislation on technology and artificial intelligence, including Rep. Darren Soto's (FL-09) AI Jobs Act of 2019 that will authorize the Department of Labor to work with businesses and educational institutions to create a report analyzing the future growth of artificial intelligence and its impact on American workforce.