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Committee adds quantum computing to digital-assets subcommittee jurisdiction

2398444 ยท January 22, 2025

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Summary

Rep. Seth Moulton (via Rep. Lynch) and other members pressed to add quantum computing to the Digital Assets, Financial Technology and Artificial Intelligence Subcommittee jurisdiction. The amendment was agreed to by the committee.

Representative Stephen Lynch (MA) offered an amendment to expand the Digital Assets, Financial Technology and Artificial Intelligence Subcommittee's jurisdiction to include quantum computing. Lynch and other supporters argued quantum advances pose potential risks and opportunities for financial services, from cryptography to AI and crypto-security.

The amendment describes quantum computing as a technology with potential commercial and national-security implications, and supporters noted recent public announcements from major technology firms and foreign investment in quantum research. Representative Lynch said including quantum computing in the subcommittee's remit would allow the Financial Services Committee to explore guardrails to protect national security and the financial system.

The chair accepted the amendment by voice vote; members said the subcommittee on digital assets would now explicitly have jurisdictional authority to study quantum computing alongside AI and fintech. Supporters said the change does not itself set policy but ensures congressional oversight and hearings can address quantum-related risks to markets, cryptography and national security.

Ending: Subcommittee chairs signaled they will add quantum computing to future hearing plans and coordinate with intelligence and science panels as issues arise.