Bill > HR3455

This bill directs the Secretary of Veterans Affairs to conduct a comprehensive study on distributed ledger technology (DLT), which is a digital system where transaction records are simultaneously stored and updated across multiple network locations. The bill requires the Secretary to examine how DLT could improve veterans' benefits administration by enhancing claims processing, reducing fraud, increasing transparency, and improving overall system accountability. The study must involve consulting with technology experts, veterans service organizations, and other federal agencies experienced with DLT. Within one year of enactment, the Secretary must submit a detailed report to Congressional Veterans' Affairs Committees, including findings on DLT's feasibility, potential benefits and risks, recommendations for pilot programs, and any necessary legislative or administrative actions to implement the technology. The bill emphasizes that DLT could provide more secure, traceable, and reliable methods for managing veterans' benefits claims, potentially streamlining processes and preventing inaccuracies or fraudulent activities in the benefits system.

Government Affairs, Military Affairs and Security

https://www.congress.gov/bill/119th-congress/house-bill/3455/all-info