Blockchain Promotion Act of 2019

To direct the Secretary of Commerce to establish a working group to recommend to Congress a definition of blockchain technology, and for other purposes. 1. Short title This Act may be cited as the Blockchain Promotion Act of 2019 2. Working group to recommend definition of blockchain technology (a) Definitions In this section— (1) the term Federal agency agency (2) the term Secretary (b) Establishment Not later than 90 days after the date of enactment of this Act, the Secretary shall establish within the Department of Commerce a working group to be known as the Blockchain Working Group (c) Membership (1) In general The Blockchain Working Group shall be composed of members, the number of whom shall be determined by the Secretary, and who shall be appointed in accordance with paragraph (2). (2) Appointment (A) Representatives of Federal agencies (i) Designation of Federal agencies The Secretary shall designate Federal agencies to be represented in the Blockchain Working Group, as the Secretary considers appropriate to ensure representation of a cross-section of Federal agencies that could use, or benefit from, blockchain technology. (ii) Appointment of members The head of each Federal agency designated under clause (i) shall appoint an officer or employee of the Federal agency to serve as a member of the Blockchain Working Group. (B) Representatives of nongovernmental stakeholders (i) In general The Secretary shall appoint representatives of nongovernmental stakeholders with respect to blockchain technology to serve as members of the Blockchain Working Group. (ii) Representation of certain stakeholders required The members of the Blockchain Working Group appointed under clause (i) shall include representatives of (I) representatives of (II) subject matter experts representing industrial sectors, other than the technology sector, that the Secretary determines could use, or benefit from, blockchain technology; (III) representatives of (IV) individuals and representatives of (V) representatives of (VI) representatives of (C) No pay for members A member of the Blockchain Working Group shall serve without pay. (d) Report to Congress (1) In general Not later than 1 year after the date of enactment of this Act, the Blockchain Working Group shall submit to Congress a report that contains— (A) a recommended definition of the distributed ledger technology commonly known as blockchain technology (B) recommendations for— (i) a study to be conducted by the Assistant Secretary of Commerce for Communications and Information, in coordination with the Federal Communications Commission, on the impact of blockchain technology on electromagnetic spectrum policy; (ii) a study to examine a range of potential applications, including nonfinancial applications, for blockchain technology; and (iii) opportunities for Federal agencies to use blockchain technology. (2) Consideration of recommendations in NIST Internal Report 8202 In making recommendations under paragraph (1), the Blockchain Working Group may consider any recommendations contained in National Institute of Standards and Technology Internal Report 8202, entitled Blockchain Technology Overview (e) Termination The Blockchain Working Group shall terminate on the date on which the Blockchain Working Group submits to Congress the report under subsection (d)(1). December 17, 2019 Reported with amendments

Summary: Blockchain Promotion Act of 2019 This bill directs the Department of Commerce to establish the Blockchain Working Group to submit a report to Congress which contains a recommended definition of the distributed ledger technology commonly referred to as blockchain technology, and other specified recommendations regarding this technology. Members of the working group shall serve without receiving any pay.