I 
117TH CONGRESS 
2D SESSION 
H. R. 6597 
To require the Administrator of the Small Business Administration to conduct 
a study on the state of blockchain technology and its use in consumer 
protection, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 3, 2022 
Ms. SALAZAR (for herself, Mr. KHANNA, Mrs. KIM of California, Mr. SOTO, 
Mr. BUDD, Mrs. CAMMACK, Mr. DONALDS, Mr. WALTZ, Ms. TENNEY, 
Mr. EMMER, Mr. ROSE, Mr. DAVIDSON, Mr. NORMAN, Mr. AUSTIN 
SCOTT of Georgia, Mr. STEIL, Mr. TIMMONS, Mr. CAWTHORN, Mr. 
STEUBE, and Mrs. WAGNER) introduced the following bill; which was re-
ferred to the Committee on Small Business 
A BILL 
To require the Administrator of the Small Business Adminis-
tration to conduct a study on the state of blockchain 
technology and its use in consumer protection, and for 
other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Blockchain Solutions 
for Small Businesses Act’’. 
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make stealing data or engaging in fraud significantly 
more difficult. 
(5) Blockchain technology has the ability to bol-
ster trust and efficiency. All participants in the 
blockchain networks have access to the same infor-
mation, which is not only immutable but also up-
dated in real time, which means that information 
sharing and verification is streamlined and accessible 
to all relevant parties. 
SEC. 3. STUDY ON BLOCKCHAIN TECHNOLOGY AND ITS 
USES AT THE SMALL BUSINESS ADMINISTRA-
TION. 
(a) STUDY REQUIRED.—The Administrator of the 
Small Business Administration, in consultation with any 
other Federal agency the Administrator determines appro-
priate, shall conduct a study on— 
(1) the current and potential uses of blockchain 
technology to carry out the requirements of sub-
sections (a) and (b)(2) of section 7 of the Small 
Business Act (15 U.S.C. 636); and 
(2) the potential uses of blockchain technology 
to— 
(A) minimize fraud in the lending pro-
grams established under such subsections; and 
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(B) improve the provision of services under 
such lending programs. 
(b) ELEMENTS.—The study required under sub-
section (a) shall include the following: 
(1) An assessment of trends in the use of 
blockchain technology in the financial sector. 
(2) A description of best practices to facilitate 
partnerships between private entities and the Ad-
ministration to use blockchain technology to carry 
out the requirements of subsections (a) and (b)(2) of 
section 7 of the Small Business Act (15 U.S.C. 
636), minimize fraud in the lending programs estab-
lished under such subsections, and improve the pro-
vision of services under such lending programs. 
(3) With respect to carrying out the require-
ments of subsections (a) and (b)(2) of section 7 of 
the Small Business Act (15 U.S.C. 636), a descrip-
tion of— 
(A) the potential benefits and risks of 
using blockchain technology; 
(B) how blockchain technology can be used 
to maximize efficiency of the Administration; 
and 
(C) how blockchain technology can be used 
to reduce fraud and increase the security of the 
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lending programs established under such sub-
sections. 
(4) Any other relevant information or rec-
ommendations related to the use of blockchain tech-
nology by the Administrator. 
(c) REPORT.—Not later than one year after the date 
of the enactment of this Act, the Administrator of the 
Small Business Administration shall submit to the Com-
mittee on Small Business of the House of Representatives 
and the Committee on Small Business and Entrepreneur-
ship of the Senate a report on the results of the study. 
(d) BLOCKCHAIN DEFINED.—In this Act, the term 
‘‘blockchain’’ means a digital ledger or database which is 
chronological, consensus-based, decentralized, and mathe-
matically verified in nature. 
Æ 
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