Bill

Bill > HR6938


US HR6938

US HR6938
Advancing Blockchain Act


summary

Introduced
05/19/2020
In Committee
05/19/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To require the Secretary of Commerce and the Federal Trade Commission to conduct a study on blockchain technology, and for other purposes. This bill requires the Department of Commerce to study and report on the impact of blockchain technology on U.S. businesses conducting interstate commerce. Such study shall involve, among other things, (1) listing industry sectors that develop and use blockchain technology and public-private partnerships focused on promoting the adoption and use of such technology, (2) establishing a list of federal agencies asserting jurisdiction over such industry sectors and entities, and (3) assessing risks and trends in the marketplace and supply chain of blockchain technology. Commerce must report to Congress the results of such study and any recommendations to promote the adoption of blockchain technology.

AI Summary

This bill requires the Department of Commerce and the Federal Trade Commission to conduct a study on the impact of blockchain technology on U.S. businesses conducting interstate commerce. The study will involve identifying industry sectors that develop and use blockchain technology, establishing a list of public-private partnerships focused on promoting blockchain adoption, and assessing risks and trends in the blockchain technology marketplace and supply chain. The agencies must then report to Congress the results of the study and provide recommendations to address any barriers to blockchain adoption, develop policies to encourage adoption, and mitigate current and emerging risks to the blockchain marketplace and supply chain.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

Referred to the Committee on Energy and Commerce, and in addition to the Committees on Science, Space, and Technology, and Foreign Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 05/19/2020)

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