II 119THCONGRESS 1 STSESSION S. 1492 To require the Secretary of Commerce support the leadership of the United States with respect to the deployment, use, application, and competitive- ness of blockchain technology, and for other purposes. IN THE SENATE OF THE UNITED STATES APRIL10, 2025 Mr. M ORENO(for himself, Ms. BLUNTROCHESTER, and Mr. SHEEHY) intro- duced the following bill; which was read twice and referred to the Com- mittee on Commerce, Science, and Transportation A BILL To require the Secretary of Commerce support the leadership of the United States with respect to the deployment, use, application, and competitiveness of blockchain tech- nology, and for other purposes. Be it enacted by the Senate and House of Representa-1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Deploying American 4 Blockchains Act of 2025’’. 5 SEC. 2. DEFINITIONS. 6 In this Act: 7 VerDate Sep 11 2014 19:52 Apr 28, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S1492.IS S1492 kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 •S 1492 IS (1) ADVISORY COMMITTEE .—The term ‘‘Advi-1 sory Committee’’ means the National Blockchain 2 Deployment Advisory Committee established pursu-3 ant to section 603(c). 4 (2) B LOCKCHAIN TECHNOLOGY OR OTHER DIS -5 TRIBUTED LEDGER TECHNOLOGY .—The term 6 ‘‘blockchain technology or other distributed ledger 7 technology’’ means a distributed digital database 8 where data is— 9 (A) shared across a network of computers 10 to create a ledger of verified information among 11 network participants; 12 (B) linked using cryptography to maintain 13 the integrity of the ledger and to execute other 14 functions; and 15 (C) distributed among network partici-16 pants in an automated fashion to concurrently 17 update network participants on the state of the 18 ledger and other functions. 19 (3) C OVERED NONGOVERNMENTAL REPRESENT -20 ATIVE.—The term ‘‘covered nongovernmental rep-21 resentative’’ means a representative as specified in 22 the second sentence of section 135(b)(1) of the 23 Trade Act of 1974 (19 U.S.C. 2155(b)(1)), except 24 VerDate Sep 11 2014 19:52 Apr 28, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S1492.IS S1492 kjohnson on DSK7ZCZBW3PROD with $$_JOB 3 •S 1492 IS that such term does not include a representative of 1 a non-Federal government. 2 (4) S ECRETARY.—The term ‘‘Secretary’’ means 3 the Secretary of Commerce. 4 (5) S TATE.—The term ‘‘State’’ means each of 5 the several States, the District of Columbia, each 6 commonwealth, territory, or possession of the United 7 States, and each federally recognized Indian Tribe. 8 (6) T OKEN.—The term ‘‘token’’ means a trans-9 ferable, digital representation of information re-10 corded on blockchain technology or other distributed 11 ledger technology. 12 (7) T OKENIZATION.—The term ‘‘tokenization’’ 13 means the process of creating a token. 14 SEC. 3. DEPARTMENT OF COMMERCE LEADERSHIP ON 15 BLOCKCHAIN. 16 (a) F UNCTION OFSECRETARY.—The Secretary shall 17 serve as a principal advisor to the President for policy per-18 taining to the deployment, use, application, and competi-19 tiveness of blockchain technology or other distributed ledg-20 er technology, applications built on blockchain technology 21 or other distributed ledger technology, tokens, and 22 tokenization. 23 (b) A CTIVITIES.—The Secretary shall support the 24 leadership of the United States with respect to the deploy-25 VerDate Sep 11 2014 19:52 Apr 28, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\S1492.IS S1492 kjohnson on DSK7ZCZBW3PROD with $$_JOB 4 •S 1492 IS ment, use, application, and competitiveness of blockchain 1 technology or other distributed ledger technology, applica-2 tions built on blockchain technology or other distributed 3 ledger technology, tokens, and tokenization by organizing 4 the Advisory Committee— 5 (1) to examine and to provide recommendations 6 on issues and risks relating to the deployment, use, 7 application, and competitiveness of blockchain tech-8 nology or other distributed ledger technology, appli-9 cations built on blockchain technology or other dis-10 tributed ledger technology, tokens, and tokenization, 11 including the issues of decentralized identity, cyber-12 security, key storage and security systems, artificial 13 intelligence, fraud reduction, regulatory compliance, 14 e-commerce, health care applications, and supply 15 chain resiliency; 16 (2) to support and to promote the improvement 17 and security of blockchain technology or other dis-18 tributed ledger technology, applications built on 19 blockchain technology or other distributed ledger 20 technology, tokens, and tokenization; 21 (3) to help to promote the leadership of the 22 United States with respect to the deployment, use, 23 application, and competitiveness of blockchain tech-24 nology or other distributed ledger technology, appli-25 VerDate Sep 11 2014 19:52 Apr 28, 2025 Jkt 059200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\S1492.IS S1492 kjohnson on DSK7ZCZBW3PROD with $$_JOB 5 •S 1492 IS cations built on blockchain technology or other dis-1 tributed ledger technology, tokens, and tokenization; 2 (4) to promote the national security of the 3 United States with respect to blockchain technology 4 or other distributed ledger technology, applications 5 built on blockchain technology or other distributed 6 ledger technology, tokens, and tokenization; 7 (5) to support engagement with the public to 8 develop a compendium of proposals for practices as 9 part of the work described in subsection (d); 10 (6) to consider policies to encourage coordina-11 tion among Federal agencies with respect to the de-12 ployment of blockchain technology or other distrib-13 uted ledger technology, applications built on 14 blockchain technology or other distributed ledger 15 technology, tokens, and tokenization; 16 (7) to examine— 17 (A) how Federal agencies can benefit from 18 utilizing blockchain technology or other distrib-19 uted ledger technology, applications built on 20 blockchain technology or other distributed ledg-21 er technology, tokens, and tokenization; 22 (B) the current use by Federal agencies of 23 blockchain technology or other distributed ledg-24 er technology, applications built on blockchain 25 VerDate Sep 11 2014 19:52 Apr 28, 2025 Jkt 059200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6201 E:\BILLS\S1492.IS S1492 kjohnson on DSK7ZCZBW3PROD with $$_JOB 6 •S 1492 IS technology or other distributed ledger tech-1 nology, tokens, and tokenization; 2 (C) the current and future preparedness 3 and ability of Federal agencies to adopt 4 blockchain technology or other distributed ledg-5 er technology, applications built on blockchain 6 technology or other distributed ledger tech-7 nology, tokens, and tokenization; and 8 (D) additional security measures Federal 9 agencies may need to take— 10 (i) to securely use blockchain tech-11 nology or other distributed ledger tech-12 nology, applications built on blockchain 13 technology or other distributed ledger tech-14 nology, tokens, and tokenization, including 15 to support the security of critical infra-16 structure; and 17 (ii) to enhance the resiliency of Fed-18 eral systems against cyber threats to 19 blockchain technology or other distributed 20 ledger technology, applications built on 21 blockchain technology or other distributed 22 ledger technology, tokens, and 23 tokenization; and 24 VerDate Sep 11 2014 19:52 Apr 28, 2025 Jkt 059200 PO 00000 Frm 00006 Fmt 6652 Sfmt 6201 E:\BILLS\S1492.IS S1492 kjohnson on DSK7ZCZBW3PROD with $$_JOB 7 •S 1492 IS (8) to support coordination of the activities of 1 the Federal Government relating to the security of 2 blockchain technology and other distributed ledger 3 technology, applications built on blockchain tech-4 nology or other distributed ledger technology, to-5 kens, and tokenization. 6 (c) E STABLISHMENT OF NATIONALBLOCKCHAIN 7 D EPLOYMENTADVISORYCOMMITTEE.— 8 (1) E STABLISHMENT.— 9 (A) I N GENERAL.—Not later than 180 10 days after the date of the enactment of this 11 Act, the Secretary shall, in consultation with 12 the heads of relevant Federal agencies, establish 13 an advisory committee to support the adoption 14 of blockchain technology or other distributed 15 ledger technology, applications built on 16 blockchain technology or other distributed ledg-17 er technology, tokens, and tokenization. 18 (B) D ESIGNATION.—The advisory com-19 mittee established pursuant to subparagraph 20 (A) shall be known as the ‘‘National Blockchain 21 Deployment Advisory Committee’’. 22 (2) M EMBERSHIP COMPOSITION .—The Advisory 23 Committee shall consist of members appointed by 24 the Secretary, which shall include— 25 VerDate Sep 11 2014 19:52 Apr 28, 2025 Jkt 059200 PO 00000 Frm 00007 Fmt 6652 Sfmt 6201 E:\BILLS\S1492.IS S1492 kjohnson on DSK7ZCZBW3PROD with $$_JOB 8 •S 1492 IS (A) the Secretary; 1 (B) representatives of Federal agencies (as 2 determined necessary by the Secretary); and 3 (C) covered nongovernmental representa-4 tives with expertise related to blockchain tech-5 nology or other distributed ledger technology 6 (as determined necessary by the Secretary), 7 which may include— 8 (i) blockchain technology or other dis-9 tributed ledger technology infrastructure 10 operators, suppliers, service providers, and 11 vendors; 12 (ii) application developers building on 13 blockchain technology or other distributed 14 ledger technology; 15 (iii) developers and organizations sup-16 porting the advancement and deployment 17 of public blockchain technology or other 18 distributed ledger technology; 19 (iv) subject matter experts rep-20 resenting industrial sectors that can ben-21 efit from blockchain technology or other 22 distributed ledger technology; 23 (v) small, medium, and large busi-24 nesses; 25 VerDate Sep 11 2014 19:52 Apr 28, 2025 Jkt 059200 PO 00000 Frm 00008 Fmt 6652 Sfmt 6201 E:\BILLS\S1492.IS S1492 kjohnson on DSK7ZCZBW3PROD with $$_JOB 9 •S 1492 IS (vi) think tanks and academia; 1 (vii) nonprofit organizations and con-2 sumer groups; 3 (viii) cybersecurity experts; 4 (ix) rural stakeholders; 5 (x) covered nongovernmental rep-6 resentatives; and 7 (xi) artists and the content creator 8 community. 9 (3) T ERMINATION OF ADVISORY COMMITTEE .— 10 The Advisory Committee shall terminate on the date 11 that is 7 years after the date of the enactment of 12 this Act. 13 (d) B ESTPRACTICES.—The Secretary shall, on an 14 ongoing basis, facilitate and support the development of 15 a compendium of identified or recommended guidelines or 16 best practices for the deployment of blockchain technology 17 or other distributed ledger technology, applications built 18 on blockchain technology or other distributed ledger tech-19 nology, tokens, and tokenization that— 20 (1) support the deployment of technologies 21 needed to advance the capabilities of blockchain 22 technology or other distributed ledger technology, 23 applications built on blockchain technology or other 24 VerDate Sep 11 2014 19:52 Apr 28, 2025 Jkt 059200 PO 00000 Frm 00009 Fmt 6652 Sfmt 6201 E:\BILLS\S1492.IS S1492 kjohnson on DSK7ZCZBW3PROD with $$_JOB 10 •S 1492 IS distributed ledger technology, tokens, and 1 tokenization; 2 (2) support the interoperability of blockchain 3 technology or other distributed ledger technology, 4 applications built on blockchain technology or other 5 distributed ledger technology, tokens, and 6 tokenization; 7 (3) support operations, including hashing and 8 key storage and security systems, that form the 9 foundation of blockchain technology or other distrib-10 uted ledger technology, applications built on 11 blockchain technology or other distributed ledger 12 technology, tokens, and tokenization; 13 (4) reduce cybersecurity risks that may com-14 promise blockchain technology or other distributed 15 ledger technology, applications built on blockchain 16 technology or other distributed ledger technology, to-17 kens, and tokenization; and 18 (5) quantify the value and potential cost sav-19 ings associated with adoption of blockchain tech-20 nology or other distributed ledger technology, appli-21 cations built on blockchain technology or other dis-22 tributed ledger technology, tokens, and tokenization, 23 including through comparative analyses of competing 24 VerDate Sep 11 2014 19:52 Apr 28, 2025 Jkt 059200 PO 00000 Frm 00010 Fmt 6652 Sfmt 6201 E:\BILLS\S1492.IS S1492 kjohnson on DSK7ZCZBW3PROD with $$_JOB 11 •S 1492 IS and existing technologies within specific industry ap-1 plications. 2 (e) A DDITIONALREQUIREMENTS.—In carrying out 3 this section, the Secretary shall— 4 (1) consult closely and regularly with stake-5 holders, including private sector individuals and enti-6 ties, and incorporate industry expertise; 7 (2) collaborate with private sector stakeholders 8 to identify prioritized, flexible, repeatable, perform-9 ance-based, and cost-effective approaches to the de-10 ployment of blockchain technology or other distrib-11 uted ledger technology, applications built on 12 blockchain technology or other distributed ledger 13 technology, tokens, and tokenization; 14 (3) make public research and information per-15 taining to the use of, and marketplace for, 16 blockchain technology or other distributed ledger 17 technology, applications built on blockchain tech-18 nology or other distributed ledger technology, to-19 kens, and tokenization; 20 (4) develop standardized terminology for, and 21 promote common understanding of, blockchain tech-22 nology or other distributed ledger technology, appli-23 cations built on blockchain technology or other dis-24 tributed ledger technology, tokens, and tokenization; 25 VerDate Sep 11 2014 19:52 Apr 28, 2025 Jkt 059200 PO 00000 Frm 00011 Fmt 6652 Sfmt 6201 E:\BILLS\S1492.IS S1492 kjohnson on DSK7ZCZBW3PROD with $$_JOB 12 •S 1492 IS (5) align the recommendations of the compen-1 dium described in subsection (d) with the goal of fa-2 cilitating the ease of use of blockchain technology or 3 other distributed ledger technology, applications 4 built on blockchain technology or other distributed 5 ledger technology, tokens, and tokenization; 6 (6) support open-source infrastructure, data 7 management, and authentication activities with re-8 spect to blockchain technology or other distributed 9 ledger technology, applications built on blockchain 10 technology or other distributed ledger technology, to-11 kens, and tokenization; and 12 (7) consider the needs and interests of both the 13 private and public sector, including small businesses 14 and Federal, State, and local governments. 15 (f) R ULES OFCONSTRUCTION.—Nothing in this sec-16 tion may be construed— 17 (1) to require a private entity to share informa-18 tion with the Secretary; 19 (2) to require a private entity to request assist-20 ance from the Secretary; 21 (3) to require a private entity to implement any 22 measure or recommendation suggested by the Sec-23 retary in response to a request by the private entity; 24 or 25 VerDate Sep 11 2014 19:52 Apr 28, 2025 Jkt 059200 PO 00000 Frm 00012 Fmt 6652 Sfmt 6201 E:\BILLS\S1492.IS S1492 kjohnson on DSK7ZCZBW3PROD with $$_JOB 13 •S 1492 IS (4) to require the adoption of the best practices 1 described in subsection (d). 2 (g) C ONSULTATION.—In implementing this section, 3 the Secretary may, as appropriate, consult with the heads 4 of relevant Federal agencies. 5 SEC. 4. REPORTS TO CONGRESS. 6 (a) I NTERIMREPORTS.—Not later than 2 years after 7 the date of the enactment of this Act, and annually there-8 after, the Secretary shall make public on the website of 9 the Department of Commerce and submit to the Com-10 mittee on Commerce, Science, and Transportation of the 11 Senate and the Committee on Energy and Commerce of 12 the House of Representatives a report that includes— 13 (1) a description of the activities of the Sec-14 retary under this title during the preceding year; 15 (2) any recommendations by the Secretary for 16 additional legislation to strengthen the competitive-17 ness of the United States with respect to blockchain 18 technology or other distributed ledger technology, 19 applications built on blockchain technology or other 20 distributed ledger technology, tokens, and 21 tokenization; and 22 (3) a description of any emerging risks and 23 long-term trends with respect to blockchain tech-24 nology or other distributed ledger technology, appli-25 VerDate Sep 11 2014 19:52 Apr 28, 2025 Jkt 059200 PO 00000 Frm 00013 Fmt 6652 Sfmt 6201 E:\BILLS\S1492.IS S1492 kjohnson on DSK7ZCZBW3PROD with $$_JOB 14 •S 1492 IS cations built on blockchain technology or other dis-1 tributed ledger technology, tokens, and tokenization. 2 (b) F INALREPORT.—Not later than 18 months be-3 fore the termination of the Advisory Committee pursuant 4 to section 603(c)(3), the Secretary shall make available 5 to the public on the website of the Department of Com-6 merce and submit to the President, the Committee on 7 Commerce, Science, and Transportation of the Senate, 8 and the Committee on Energy and Commerce of the 9 House of Representatives a final report containing the 10 findings, conclusions, and recommendations of the Advi-11 sory Committee. 12 Æ VerDate Sep 11 2014 19:52 Apr 28, 2025 Jkt 059200 PO 00000 Frm 00014 Fmt 6652 Sfmt 6301 E:\BILLS\S1492.IS S1492 kjohnson on DSK7ZCZBW3PROD with $$_JOB