I 

118TH CONGRESS 

1ST SESSION H. R. 5050 

To amend title 5, United States Code, to require Members of Congress 

to disclose financial interests in cryptocurrency, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 27, 2023 

Ms. SLOTKIN introduced the following bill; which was referred to the 

Committee on House Administration 

A BILL 

To amend title 5, United States Code, to require Members 

of Congress to disclose financial interests in 

cryptocurrency, 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 ‘‘Cryptocurrency Ac5 countability Act’’. 

6 SEC. 2. MEMBERS OF CONGRESS; DISCLOSURE OF FINAN7 CIAL INTERESTS IN CRYPTOCURRENCY. 

8 Section 13104 of title 5, United States Code, is 

9 amended by adding at the end the following: 


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1 ‘‘(j)(1) Any report filed under section 13103 by a 

2 Member of Congress shall include— 

3 ‘‘(A) a brief description, the date, and category 

4 of value of any purchase, sale, or exchange in 

5 cryptocurrency by the Member or spouse or depend6 ent child of the Member during the preceding cal7 endar year which exceeds $1,000; and 

8 ‘‘(B) the identity and category of value (ex9 pressed as a dollar amount) of any interest in 

10 cryptocurrency held during the preceding calendar 

11 year by the Member or spouse or dependent child of 

12 the Member. 

13 ‘‘(2) Not later than 45 days after receiving notifica14 tion of any transaction required to be reported under para15 graph (1)(A), a Member of Congress, if required to file 

16 a report under any subsection of section 13103, shall file 

17 a report of the transaction. 

18 ‘‘(3) Any Member of Congress who fails to file or re19 port, by the applicable deadline for such filing or report20 ing, any information that such individual is required to 

21 report with respect to crytpocurrency pursuant to para22 graph (1) or (2) shall be assessed a fine, at the direction 

23 of and pursuant to regulations issued by the applicable 

24 supervising ethics office, in an amount equal to the greater 

25 of— 


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1 ‘‘(A) $500, or 

2 ‘‘(B) an amount equal to 5 percent of the value 

3 (expressed as a dollar amount) of the purchase, sale, 

4 or exchange or interest (as the case may be) that the 

5 Member so failed to file or report by such deadline. 

6 ‘‘(4) Notwithstanding section 13106(a), the Attorney 

7 General may bring a civil action in any appropriate United 

8 States district court against any Member of Congress who 

9 knowingly and willfully falsifies or who knowingly and will10 fully fails to file or report any information that such Mem11 ber is required to report pursuant to paragraph (1) or (2) 

12 of this subsection. The court in which such action is 

13 brought shall assess against such Member a civil penalty 

14 in an amount equal to the greater of— 

15 ‘‘(A) $66,000, or 

16 ‘‘(B) an amount equal to 5 percent of the value 

17 (expressed as a dollar amount) of the purchase, sale, 

18 or exchange or interest (as the case may be) that the 

19 Member so falsified or failed to file or report. 

20 ‘‘(5) In this subsection, the term ‘cryptocurrency’ 

21 means any digital representation of value which is re22 corded on a cryptographically secured distributed ledger 

23 or any similar technology.’’. 

Æ 


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