Deploying American Blockchains Act of 2023
Where it stands
- Introduced12/4/23
- Passed HousePassed 5/15/24
- Senate
- President
- Law
Passed the House 334–79 on May 15, 2024 (Roll Call 210 →). Received in the Senate on May 16, 2024. No Senate action since.
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Roll calls on this bill
- Democratic158 Yea · 44 Nay · 11 Not voting
- Republican176 Yea · 35 Nay · 6 Not voting
- Independent / Other0 Yea · 0 Nay · 0 Not voting
Deploying American Blockchains Act of 2023
This bill requires the Department of Commerce to support the leadership of the United States in the use of blockchain technology and other distributed ledger technology, tokens, and tokenization. Generally, blockchain technology is a distributed digital ledger that uses cryptography to share verified information across a network of computers. Tokens refer to the transferrable, digital representation of information recorded on blockchain technology and tokenization is the process of creating a token.
Specifically, Commerce must advise the President on policies related to the deployment and use of blockchain technology and other distributed ledger technology, applications built on blockchain technology or other distributed ledger technology, tokens, and tokenization. Commerce also must establish advisory committees to support the adoption of blockchain technology to facilitate the development of best practices with respect to blockchain technology, applications built on blockchain technology, tokens, and tokenization.
Commerce must report annually on the activities under this bill and provide any recommendations for additional legislation to strengthen U.S. competitiveness with respect to blockchain technology.
What happens next
The Senate must pass the same text, then it goes to the President.
If it isn't enacted by Jan 3, 2025, it expires when the 118th Congress ends.
All actions (15)
- 12/4/23Introduced in House
- 12/4/23Referred to the House Committee on Energy and Commerce.
- 12/5/23Committee Consideration and Mark-up Session Held
- 12/5/23Ordered to be Reported (Amended) by the Yeas and Nays: 46 - 0.
- 5/10/24Reported (Amended) by the Committee on Energy and Commerce. H. Rept. 118-501.
- 5/10/24Placed on the Union Calendar, Calendar No. 417.
- 5/14/24Mr. Bilirakis moved to suspend the rules and pass the bill, as amended.
- 5/14/24Considered under suspension of the rules. (consideration: CR H3040-3042)
- 5/14/24DEBATE - The House proceeded with forty minutes of debate on H.R. 6572.
- 5/14/24At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
- 5/15/24Considered as unfinished business. (consideration: CR H3256-3257)
- 5/15/24Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 334 - 79 (Roll no. 210). (text: 5/14/2024 CR H3040-3041)
- 5/15/24On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 334 - 79 (Roll no. 210). (text: 5/14/2024 CR H3040-3041)
- 5/15/24Motion to reconsider laid on the table Agreed to without objection.
- 5/16/24Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation.