II 

117TH CONGRESS 

2D SESSION S. 3784 

To require the Secretary of Commerce to submit to Congress a report relating 

to the blockchain-based service network of the People’s Republic of 

China, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

MARCH 8 (legislative day, MARCH 7), 2022 

Mrs. BLACKBURN (for herself, Mr. TUBERVILLE, Mr. BRAUN, Mr. YOUNG, 

Mr. CRUZ, Ms. LUMMIS, Mr. SCOTT of Florida, Mr. CASSIDY, and Mrs. 

HYDE-SMITH) introduced the following bill; which was read twice and referred to the Committee on Foreign Relations 

A BILL 

To require the Secretary of Commerce to submit to Congress 

a report relating to the blockchain-based service network 

of the People’s Republic of China, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Say No to the Silk 

5 Road Act’’. 

6 SEC. 2. DEFINITIONS. 

7 In this Act: 


pbinns on DSKJLVW7X2PROD with BILLS
2 

•S 3784 IS

1 (1) DIGITAL YUAN.—The term ‘‘digital yuan’’ 

2 means the sovereign digital currency of the People’s 

3 Bank of China, or any successor sovereign digital 

4 currency of the People’s Republic of China. 

5 (2) NETWORK.—The term ‘‘Network’’ means 

6 the blockchain-based service network of the People’s 

7 Republic of China. 

8 (3) RELEVANT CONGRESSIONAL COMMIT9 TEES.—The term ‘‘relevant congressional commit10 tees’’ means— 

11 (A) the Committee on Commerce, Science, 

12 and Transportation of the Senate; 

13 (B) the Committee on Foreign Relations of 

14 the Senate; 

15 (C) the Committee on Armed Services of 

16 the Senate; 

17 (D) the Committee on Finance of the Sen18 ate; 

19 (E) the Committee on Armed Services of 

20 the House of Representatives; 

21 (F) the Committee on Foreign Affairs of 

22 the House of Representatives; 

23 (G) the Committee on Energy and Com24 merce of the House of Representatives; and 


pbinns on DSKJLVW7X2PROD with BILLS
3 

•S 3784 IS

1 (H) the Committee on Ways and Means of 

2 the House of Representatives. 

3 (4) SECRETARY.—The term ‘‘Secretary’’ means 

4 the Secretary of Commerce. 

5 SEC. 3. REPORT ON THE NETWORK. 

6 (a) REPORT.—Not later than 270 days after the date 

7 of enactment of this Act, the Secretary shall submit to 

8 Congress a report— 

9 (1) on— 

10 (A) the Network; 

11 (B) the operations of the Network in the 

12 United States; 

13 (C) the privacy implications associated 

14 with the collection of data of citizens of the 

15 United States by the Network; and 

16 (D) the participation of companies 

17 headquartered in the United States and compa18 nies located in the United States in assisting 

19 with the operations of the Network or per20 forming work to expand the Network, includ21 ing— 

22 (i) with respect to the applications or 

23 technical capabilities of the Network; and 

24 (ii) the geographic scope of the Net25 work, such as— 


pbinns on DSKJLVW7X2PROD with BILLS
4 

•S 3784 IS

1 (I) expanding the Network to be 

2 used in the United States and coun3 tries participating in the Foreign Mili4 tary Financing Program; and 

5 (II) constructing data centers of 

6 the Network in the United States and 

7 countries participating in the Foreign 

8 Military Financing Program; and 

9 (2) that includes— 

10 (A) the goals of the Network in developing 

11 blockchain infrastructure; 

12 (B) an assessment of whether the involve13 ment in the Network of the Government of the 

14 People’s Republic of China and entities owned 

15 by the Government of the People’s Republic of 

16 China may pose any risk to economic and na17 tional security interests of the United States; 

18 and 

19 (C) the privacy and security implications 

20 associated with the collection of data of citizens 

21 of the United States by the Network. 

22 (b) RECOMMENDATIONS.—Not later than 1 year 

23 after the date of enactment of this Act, the Secretary shall 

24 submit to the relevant congressional committees recVerDate Sep 11 2014 04:54 Mar 09, 2022 Jkt 029200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\S3784.IS S3784

pbinns on DSKJLVW7X2PROD with BILLS
5 

•S 3784 IS

1 ommendations relating to the report submitted under sub2 section (a). 

3 SEC. 4. REPORT ON TRADE ENFORCEMENT ACTIONS WITH 

4 RESPECT TO SOVEREIGN DIGITAL CURRENCY 

5 OF PEOPLE’S REPUBLIC OF CHINA. 

6 Not later than 1 year after the date of the enactment 

7 of this Act, the Secretary shall submit to the relevant con8 gressional committees a report— 

9 (1) assessing how trade enforcement actions re10 lating to the digital yuan would affect the United 

11 States; and 

12 (2) making recommendations with respect to 

13 mitigating the effects of such actions. 

14 SEC. 5. REPORT ON EFFECT OF SOVEREIGN DIGITAL CUR15 RENCY OF PEOPLE’S REPUBLIC OF CHINA ON 

16 TRADE AND INVESTMENT AGREEMENTS. 

17 Not later than 1 year after the date of the enactment 

18 of this Act, the United States Trade Representative shall 

19 submit to the relevant congressional committees a re20 port— 

21 (1) assessing the ways in which shifts to the 

22 use of the digital yuan by other countries as a settle23 ment or reserve currency could affect trade and in24 vestment agreements to which the United States is 

25 a party; and 


pbinns on DSKJLVW7X2PROD with BILLS
6 

•S 3784 IS

1 (2) making recommendations with respect to 

2 mitigating the effects of such shifts. 

3 SEC. 6. USE OF DIGITAL YUAN BY EXECUTIVE AGENCIES. 

4 (a) DEFINITIONS.—In this section— 

5 (1) the term ‘‘executive agency’’ has the mean6 ing given that term in section 133 of title 41, United 

7 States Code; and 

8 (2) the term ‘‘information technology’’ has the 

9 meaning given that term in section 11101 of title 

10 40, United States Code. 

11 (b) USE OF DIGITAL YUAN.—Not later than 60 days 

12 after the date of enactment of this Act, the Director of 

13 the Office of Management and Budget, in consultation 

14 with the Administrator of General Services, the Director 

15 of the National Institute of Standards and Technology, 

16 the Director of the Cybersecurity and Infrastructure Secu17 rity Agency, the Director of National Intelligence, and the 

18 Secretary of Defense, and consistent with the information 

19 security requirements under subchapter II of chapter 35 

20 of title 44, United States Code, shall develop strict guid21 ance for executive agencies requiring adequate security 

22 measures for any transfer, storage, or use of digital yuan 

23 on information technology. 


pbinns on DSKJLVW7X2PROD with BILLS
7 

•S 3784 IS

1 SEC. 7. DIGITAL YUAN DISCLOSURE REQUIREMENT FOR 

2 FOREIGN MILITARY FINANCING PARTNER 

3 COUNTRIES. 

4 Any government of a country receiving assistance 

5 through the Foreign Military Financing Program shall be 

6 required, as a condition for receiving such assistance, to 

7 disclose to the Secretary of State if that government uses 

8 digital yuan as a settlement or reserve currency. 

9 SEC. 8. DEPARTMENT OF STATE WARNING ABOUT DAN10 GERS OF DIGITAL YUAN. 

11 Not later than 90 days after the date of the enact12 ment of this Act, the Secretary of State shall include on 

13 a publicly available internet website of the Department of 

14 State a warning to United States citizens traveling to the 

15 People’s Republic of China about the dangers of the dig16 ital yuan. 

Æ 


pbinns on DSKJLVW7X2PROD with BILLS