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Home > Legislation > 118th Congress > H.R.6572

H.R.6572 - Deploying American Blockchains Act of 2023 118th Congress (2023-2024) |

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Sponsor: Rep. Bucshon, Larry [R-IN-8] (Introduced 12/04/2023)
Committees: House - Energy and Commerce | Senate - Commerce, Science, and Transportation
Committee Reports: H. Rept. 118-501
Latest Action: Senate - 05/16/2024 Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation.  (All Actions)
Roll Call Votes: There has been 1 roll call vote
Tracker: Tip

This bill has the status Passed House

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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Summary: H.R.6572 — 118th Congress (2023-2024) All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Reported to House (05/10/2024)

Deploying American Blockchains Act of 2023

This bill requires the Department of Commerce to support the leadership of the United States in the use of blockchain technology and other distributed ledger technology, tokens, and tokenization. Generally, blockchain technology is a distributed digital ledger that uses cryptography to share verified information across a network of computers. Tokens refer to the transferrable, digital representation of information recorded on blockchain technology and tokenization is the process of creating a token.

Specifically, Commerce must advise the President on policies related to the deployment and use of blockchain technology and other distributed ledger technology, applications built on blockchain technology or other distributed ledger technology, tokens, and tokenization. Commerce also must establish advisory committees to support the adoption of blockchain technology to facilitate the development of best practices with respect to blockchain technology, applications built on blockchain technology, tokens, and tokenization.

Commerce must report annually on the activities under this bill and provide any recommendations for additional legislation to strengthen U.S. competitiveness with respect to blockchain technology.