S.Amdt. 2407

SA 2407. Mrs. BLACKBURN (for herself and Ms. Lummis) submitted an
amendment intended to be proposed to amendment SA 2137 proposed by Mr.
Schumer (for Ms. Sinema (for herself, Mr. Portman, Mr. Manchin, Mr.
Cassidy, Mrs. Shaheen, Ms. Collins, Mr. Tester, Ms. Murkowski, Mr.
Warner, and Mr. Romney)) to the bill H.R. 3684, to authorize funds for
Federal-aid highways, highway safety programs, and transit programs,
and for other purposes; which was ordered to lie on the table; as
follows:

At the end of title VI of division G, add the following:

Subtitle C--Cybersecurity and Blockchain Technology

SEC. 70621. INTERAGENCY COORDINATION ON CYBERSECURITY AND
BLOCKCHAIN TECHNOLOGY.

(a) Definitions.--In this section--
(1) the term ``appropriate agency heads'' means--
(A) the Secretary of Homeland Security;
(B) the Attorney General;
(C) the Director of the Federal Bureau of Investigation;
(D) the Director of the Financial Crimes Enforcement
Network; and
(E) the Director of the Office of Foreign Assets Control;
(2) the term ``appropriate congressional committees''
means--
(A) the Committee on Banking, Housing, and Urban Affairs of
the Senate;
(B) the Committee on Homeland Security and Governmental
Affairs of the Senate;
(C) the Select Committee on Intelligence of the Senate;
(D) the Committee on Financial Services of the House of
Representatives;
(E) the Committee on Homeland Security of the House of
Representatives; and
(F) the Permanent Select Committee on Intelligence of the
House of Representatives;
(3) the term ``digital asset'' has the meaning given the
term in section 6045(g)(3)(D) of the Internal Revenue Code of
1986, as added by section 80603(b)(1)(B) of title VI of
division H of this Act;
(4) the term ``digital asset analytics tool'' means a
software tool that conducts data analytics of a digital asset
using information appended to a distributed ledger; and
(5) the term ``Executive agency'' has the meaning given the
term in section 105 of title 5, United States Code.
(b) Required Activities.--Not later than 180 days after the
date of enactment of this Act, the appropriate agency heads,
in coordination with the head of each Executive agency
responsible for United States critical infrastructure
sectors, as determined by the Secretary of Homeland Security,
shall jointly--
(1) develop interagency agreement on the common
capabilities of digital asset analytics tools to detect,
track, and analyze risks relating to illicit activity;

[[Page S5767]]

(2) develop interagency agreement on the limitations of
digital asset analytics tools and suggested approaches for
improvement;
(3) engage with financial institutions involved in digital
asset activities relating to best practices for use of
digital asset analytics tools, emerging risks, and
coordination with law enforcement;
(4) develop a comprehensive interagency strategy for
effectively reducing illicit activity relating to digital
assets, while protecting the responsible adoption and use of
digital assets and distributed ledger technology; and
(5) develop recommendations for statutory or regulatory
amendments that are necessary to carry out paragraph (4), as
well as additional Executive agency positions or resources
required to carry out paragraph (4).
(c) Report.--Not later than 210 days after the date of
enactment of this Act, the appropriate agency heads shall
jointly submit to the appropriate congressional committees a
report, which may contain a classified annex, on the
activities described in subsection (b).
______