SEC. 2. DEFINITIONS. 
In this Act: 
(1) BLOCKCHAIN TECHNOLOGY OR OTHER DIS-
TRIBUTED
LEDGER
TECHNOLOGY.—The 
term 
‘‘blockchain technology or other distributed ledger 
technology’’ means a decentralized digital database 
where data is— 
(A) shared across a network of computers 
to create a ledger of verified information among 
network participants; 
(B) linked using cryptography to maintain 
the integrity of the ledger and to execute other 
functions; and 
(C) distributed among network partici-
pants in an automated fashion to concurrently 
update network participants on the state of the 
ledger and other functions. 
(2) NON-GOVERNMENTAL ORGANIZATION.—The 
term ‘‘non-governmental organization’’ means orga-
nizations described in section 2155(b) of title 19 of 
United States Code, excluding non-Federal govern-
ments. 
(3) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Commerce. 
(4) STATE.—The term ‘‘State’’ means each of 
the several States, the District of Columbia, each 
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commonwealth, territory, or possession of the United 
States, and each federally recognized Indian Tribe. 
(5) TOKEN.—The term ‘‘token’’ means a 
transferrable, digital representation of information 
recorded on blockchain technology or other distrib-
uted ledger technology. 
(6) TOKENIZATION.—The term ‘‘tokenization’’ 
means the process of creating a token. 
SEC. 3. DEPARTMENT OF COMMERCE LEADERSHIP ON 
BLOCKCHAIN. 
(a) FUNCTIONS
OF
SECRETARY.—The Secretary 
shall serve as the principal advisor to the President for 
policy pertaining to the deployment, use, application, and 
competitiveness of blockchain technology or other distrib-
uted ledger technology, applications built on blockchain 
technology or other distributed ledger technology, tokens, 
and tokenization. 
(b) ACTIVITIES.—The Secretary shall take actions 
necessary and appropriate to promote the competitiveness 
of the United States related to the deployment, use, appli-
cation, and competitiveness of blockchain technology or 
other distributed ledger technology, applications built on 
blockchain technology or other distributed ledger tech-
nology, tokens, and tokenization including by— 
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(1) establishing best practices described in sub-
section (3) to assist the private sector, the public 
sector, and public-private partnerships in the deploy-
ment of technologies needed to advance the capabili-
ties of blockchain technology or other distributed 
ledger technology, applications built on blockchain 
technology or other distributed ledger technology, to-
kens, and tokenization; 
(2) developing policies and recommendations on 
issues and risks pertaining to the deployment, use, 
application, and competitiveness of blockchain tech-
nology or other distributed ledger technology, appli-
cations built on blockchain technology or other dis-
tributed ledger technology, tokens, and tokenization, 
including the issues of decentralized identity, cyber-
security, key storage and security systems, artificial 
intelligence, fraud reduction, regulatory compliance, 
e-commerce, health care applications, and supply 
chain resiliency; 
(3) supporting and promoting the stability, 
maintenance, 
improvement, 
and 
security 
of 
blockchain technology or other distributed ledger 
technology, applications built on blockchain tech-
nology or other distributed ledger technology, to-
kens, and tokenization; 
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(4) helping to promote the leadership of the 
United States with respect to the use of blockchain 
technology or other distributed ledger technology, 
applications built on blockchain technology or other 
distributed 
ledger 
technology, 
tokens, 
and 
tokenization; 
(5) promoting the national security and eco-
nomic security of the United States with respect to 
blockchain technology or other distributed ledger 
technology, applications built on blockchain tech-
nology or other distributed ledger technology, to-
kens, and tokenization; 
(6) supporting engagement with the public to 
promote best practices described in subsection (3); 
(7) considering policies or programs to encour-
age and improve coordination among Federal agen-
cies with respect to the deployment of blockchain 
technology or other distributed ledger technology, 
applications built on blockchain technology or other 
distributed 
ledger 
technology, 
tokens, 
and 
tokenization; 
(8) examining— 
(A) how Federal agencies can benefit from 
utilizing blockchain technology or other distrib-
uted ledger technology applications built on 
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blockchain technology or other distributed ledg-
er technology, tokens, and tokenization; 
(B) the current use by Federal agencies of 
blockchain technology or other distributed ledg-
er technology, applications built on blockchain 
technology or other distributed ledger tech-
nology, tokens, and tokenization; 
(C) the current and future preparedness 
and ability of Federal agencies to adopt 
blockchain technology or other distributed ledg-
er technology, applications built on blockchain 
technology or other distributed ledger tech-
nology, tokens, and tokenization; and 
(D) additional security measures Federal 
agencies may need to take to— 
(i) safely and securely use blockchain 
technology or other distributed ledger tech-
nology, applications built on blockchain 
technology or other distributed ledger tech-
nology, tokens, and tokenization, including 
to ensure the security of critical infrastruc-
ture; and 
(ii) enhance the resiliency of Federal 
systems against cyber threats to blockchain 
technology or other distributed ledger tech-
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nology, applications built on blockchain 
technology or other distributed ledger tech-
nology, tokens, and tokenization; 
(9) support the coordination of current and fu-
ture activities of the Federal government related to 
the security of blockchain technology and other dis-
tributed 
technologies, 
applications 
built 
on 
blockchain technology or other distributed ledger 
technology, tokens, and tokenization; 
(10) establishing a Blockchain Deployment Pro-
gram to support American leadership in the deploy-
ment and use of blockchain technology and other 
distributed ledger technology, applications built on 
blockchain technology or other distributed ledger 
technology, tokens, and tokenization; and 
(11) establishing advisory committees, not later 
than 180 days after the date of the enactment of 
this Act, to support the adoption of blockchain tech-
nology or other distributed ledger technology, appli-
cations built on blockchain technology or other dis-
tributed ledger technology, tokens, and tokenization, 
membership of which shall include— 
(A) the Secretary; 
(B) representatives of Federal agencies (as 
determined necessary by the Secretary); and 
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tributed ledger technology, applications built on 
blockchain technology or other distributed ledger 
technology, tokens, and tokenization; 
(4) reduce uncertainty risks in the use of 
blockchain technology or other distributed ledger 
technology, applications built on blockchain tech-
nology or other distributed ledger technology, to-
kens, and tokenization; and 
(5) quantify the value and potential cost sav-
ings associated with adoption of blockchain tech-
nology or other distributed ledger technology, appli-
cations built on blockchain technology or other dis-
tributed ledger technology, tokens, and tokenization, 
including through comparative analyses of competing 
and existing technologies within specific industry ap-
plications. 
(d) ADDITIONAL REQUIREMENTS.—In carrying out 
subsection (3), the Secretary shall— 
(1) consult closely and regularly with stake-
holders, including private sector individuals and enti-
ties, and incorporate industry expertise; 
(2) collaborate with private sector stakeholders 
to identify prioritized, flexible, repeatable, perform-
ance-based, and cost-effective approaches to the de-
ployment of blockchain technology or other distrib-
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uted 
ledger 
technology, 
applications 
built 
on 
blockchain technology or other distributed ledger 
technology, tokens, and tokenization; 
(3) disseminate research and information per-
taining to the use of, and marketplace for, 
blockchain technology or other distributed ledger 
technology, applications built on blockchain tech-
nology or other distributed ledger technology, to-
kens, and tokenization; 
(4) develop standardized terminology, and pro-
mote common understanding of blockchain tech-
nology or other distributed ledger technology, appli-
cations built on blockchain technology or other dis-
tributed ledger technology, tokens, and tokenization; 
(5) ensure the best practices described in para-
graph (3) facilitate the ease of use of blockchain 
technology or other distributed ledger technology, 
applications built on blockchain technology or other 
distributed 
ledger 
technology, 
tokens, 
and 
tokenization; 
(6) support open-source infrastructure, data 
management, and authentication activities with re-
spect to blockchain technology or other distributed 
ledger technology, applications built on blockchain 
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technology or other distributed ledger technology, to-
kens, and tokenization; and 
(7) consider the needs and interests of both the 
private and public sector, including small businesses 
and Federal, State, and local governments. 
(e) RULES OF CONSTRUCTION.—Nothing in this sec-
tion may be construed to— 
(1) require a private entity to share information 
with the Secretary; 
(2) require a private entity to request assist-
ance from the Secretary; 
(3) require a private entity to implement any 
measure or recommendation suggested by the Sec-
retary in response to a request by the private entity; 
or 
(4) require the adoption of the best practices 
described in paragraph (3). 
(f) CONSULTATION.—In implementing this section, 
the Secretary may, as appropriate, consult with the heads 
of relevant Federal agencies. 
(g) TERMINATION.—The Blockchain Deployment 
Program established subsection (J) by shall terminate on 
the date that is 7 years after the date of the enactment 
of this Act. 
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SEC. 4. REPORT TO CONGRESS. 
Not later than 2 years after the date of the enact-
ment of this Act, and annually thereafter, the Secretary 
shall make public on the website of the Department of 
Commerce and submit to the Committee on Energy and 
Commerce of the House of Representatives and the Com-
mittee on Commerce, Science, and Transportation of the 
Senate a report that includes— 
(1) a description of the activities of the Sec-
retary under this Act during the preceding year; 
(2) any recommendations by the Secretary for 
additional legislation to strengthen the competitive-
ness of the United States with respect to blockchain 
technology or other distributed ledger technology, 
applications built on blockchain technology or other 
distributed 
ledger 
technology, 
tokens, 
and 
tokenization; and 
(3) a description of any emerging risks and 
long-term trends with respect to blockchain tech-
nology or other distributed ledger technology, appli-
cations built on blockchain technology or other dis-
tributed ledger technology, tokens, and tokenization. 
Æ 
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