summary
Introduced
05/28/2021
05/28/2021
In Committee
05/31/2021
05/31/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To direct the Secretary of Commerce, in consultation with the Federal Trade Commission, to conduct a study and submit to Congress a report on the state of blockchain technology and its use in consumer protection, and for other purposes.
AI Summary
This bill directs the Secretary of Commerce, in consultation with the Federal Trade Commission, to conduct a study and submit a report to Congress on the state of blockchain technology and its use in consumer protection. The study will examine trends in the commercial use and investment in blockchain technology, best practices for public-private partnerships, potential benefits and risks of blockchain for consumer protection, how blockchain can be used to reduce fraud and increase security of commercial transactions, and areas in federal regulation where greater clarity would encourage domestic innovation. The bill requires the Secretary to provide an opportunity for public comment during the study and to make the final report publicly available.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Referred to the Subcommittee on Consumer Protection and Commerce. (on 05/31/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/3639/all-info |
| BillText | https://www.congress.gov/117/bills/hr3639/BILLS-117hr3639ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr3639/BILLS-117hr3639ih.pdf.pdf |
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