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mittees on Agriculture, Nutrition, and Forestry and 
on Appropriations of the Senate. 
(4) TIMING.— 
(A) 1ST FISCAL YEAR.—The Commission 
shall publish the fee schedule for the fiscal year 
in which this Act is enacted, within 30 days 
after the date of the enactment of this Act. 
(B) SUBSEQUENT
FISCAL
YEARS.—The 
Commission shall publish the fee schedule for 
each subsequent fiscal year, not less than 90 
days before the due date prescribed by the 
Commission for payment of the annual fee for 
the fiscal year. 
(c) LATE PAYMENT PENALTY.— 
(1) IN GENERAL.—The Commission may im-
pose a penalty against a person that fails to pay an 
annual fee charged under this section, within 30 
days after the due date prescribed by the Commis-
sion for payment of the fee. 
(2) AMOUNT.—The amount of the penalty shall 
be— 
(A) 5 percent of the amount of the fee due, 
multiplied by 
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(B) the whole number of consecutive 30- 
day periods that have elapsed since the due 
date. 
(d) REIMBURSEMENT OF EXCESS FEES.—To the ex-
tent that the total amount of fees collected under this sec-
tion during a fiscal year that begins after the date of the 
enactment of this Act exceeds the amount provided under 
subsection (a)(2) with respect to the fiscal year, the Com-
mission shall reimburse the excess amount to the persons 
who have timely paid their annual fees, on a pro-rata basis 
that excludes penalties, and shall do so within 60 days 
after the end of the fiscal year. 
(e) DEPOSIT OF FEES INTO THE TREASURY.—All 
amounts collected under this section shall be credited to 
the currently applicable appropriation, account, or fund of 
the Commission as discretionary offsetting collections, and 
shall be available for the purposes authorized in subsection 
(f) only to the extent and in the amounts provided in ad-
vance in appropriations Acts. 
(f) AUTHORIZATION OF APPROPRIATIONS.—In addi-
tion to amounts otherwise authorized to be appropriated 
to the Commission, there is authorized to be appropriated 
to the Commission amounts collected under this section 
to cover the costs of carrying out the functions of the 
Commission under this Act. 
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(g) EXPEDITED HIRING AUTHORITY.— 
(1) APPOINTMENT
AUTHORITY.—The Chair-
man, pursuant to section 6(a), may appoint individ-
uals to a position described in paragraph (2) of this 
subsection— 
(A) in accordance with the statutes, rules, 
and regulations governing appointments to posi-
tions in the excepted service (as defined in sec-
tion 2103 of title 5, United States Code); and 
(B) without regard to any statute, rule, or 
regulation governing appointments to positions 
in the competitive service (as defined in section 
2102 of such title). 
(2) POSITION DESCRIBED.—A position referred 
to in subparagraph (1) is a position at the Commis-
sion that— 
(A) is in the competitive service (as defined 
in section 2102 of such title); and 
(B) requires specialized knowledge of dig-
ital commodities markets, financial and capital 
market formation or regulation, financial mar-
ket structures or surveillance, data collection or 
analysis, or information technology, cybersecu-
rity, or system safeguards. 
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(3) RULE
OF
CONSTRUCTION.—The appoint-
ment of a candidate to a position under this sub-
section shall not be considered to cause the position 
to be converted from the competitive service to the 
excepted service. 
(h) SUNSET.—The authorities provided by this sec-
tion shall expire at the end of the 4th fiscal year that be-
gins after the date of the enactment of this Act. 
SEC. 411. REQUIREMENTS RELATED TO CONTROL PER-
SONS. 
The Commodity Exchange Act (7 U.S.C. 1 et seq.), 
as amended the preceding provisions of this Act, is amend-
ed by inserting after section 4v the following: 
‘‘SEC. 4w. LIMITATION ON TRANSACTIONS BY BLOCKCHAIN 
CONTROL PERSONS. 
‘‘(a) LIMITATION.—It shall be unlawful for a 
blockchain control person with respect to a blockchain sys-
tem certified as a mature blockchain system in accordance 
with section 42 of the Securities Exchange Act of 1934 
to sell a unit of a digital commodity related to the 
blockchain system unless the person files notice with the 
Commission, in a form and manner determined by the 
Commission, that the person has or intends to obtain an 
authority described in subsection (b)(1) with respect to the 
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blockchain system, and complies with rules adopted by the 
Commission that require— 
‘‘(1) disclosure of information to the Commis-
sion and the public about the material activities, as 
determined by the Commission, of the blockchain 
control person; and 
‘‘(2)(A) the use of a digital commodity broker 
to effect the sale; or 
‘‘(B) such other sales restrictions applicable to 
the blockchain control person, or any affiliated 
blockchain control person, to prevent manipulation 
and distortion of the value of the digital commodity 
and promote further maturity of the blockchain sys-
tem to which the digital commodity relates. 
‘‘(b) DEFINITIONS.—In this section: 
‘‘(1) BLOCKCHAIN
CONTROL
PERSON.—The 
term ‘blockchain control person’ means, with respect 
to a blockchain system, any person or group of per-
sons under common control, other than a decentral-
ized governance system, who— 
‘‘(A) has the unilateral authority, directly 
or indirectly, through any contract, arrange-
ment, understanding, relationship, or otherwise, 
to control or materially alter the functionality, 
operation, or rules of consensus or agreement of 
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