Default Proceed Sale Transparency Act
119-hr1740 — Default Proceed Sale Transparency Act. Sponsored by Rep. Schneider, Bradley Scott [D-IL-10]. Introduced 2025-02-27. House bill. 119th Congress. Latest action: Referred to the House Committee on the Judiciary.
Default Proceed Sale Transparency Act
Timeline
- Sponsor
- Rep. Schneider, Bradley Scott [D-IL-10] (D), IL
- Introduced
- 2025-02-27
- Committees
- Judiciary Committee
- Subjects
- Business records; Computers and information technology; Criminal justice information and records; Firearms and explosives; Government information and archives; Licensing and registrations; Manufacturing; Retail and wholesale trades; Telephone and wireless communication
- Latest Action
- Referred to the House Committee on the Judiciary.
Bill Activity
How a Bill Becomes a Law
The typical path from introduction to law. Every bill's actual journey (above) may skip steps or stop early — most never make it past committee.
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1Introduced
A member files the bill in the House or Senate.
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2Committee Review
Referred to committee for hearings, markup, and a vote to advance it.
This bill is here -
3Floor Vote
The full chamber debates and votes on passage.
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4Second Chamber
If passed, it repeats committee review and a floor vote in the other chamber.
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5Resolve Differences
If the chambers pass different versions, a conference reconciles them.
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6Sent to President
The reconciled bill is enrolled and delivered to the White House.
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7Signed or Vetoed
Becomes law with a signature, or automatically after 10 days.
✓ Becomes Law ✗ Vetoed
A veto can still be overridden by a two-thirds vote in both chambers. And once a bill is signed into law, further changes come from new amending legislation — not edits to the original text.
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