[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10399 Introduced in House (IH)]
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119th CONGRESS
2d Session
H. R. 10399
To amend the Small Business Act to help small business concerns
critically evaluate digital assets, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
September 15, 2026
Ms. Scholten introduced the following bill; which was referred to the
Committee on Small Business
_______________________________________________________________________
A BILL
To amend the Small Business Act to help small business concerns
critically evaluate digital assets, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Currency Options, Information, and
Navigation Act''.
SEC. 2. DIGITAL ASSET EDUCATIONAL RESOURCES AND MODULES FOR SMALL
BUSINESS CONCERNS.
(a) In General.--The Small Business Act (15 U.S.C. 631 et seq.) is
amended--
(1) by redesignating section 49 as section 50; and
(2) by inserting after section 48 the following new
section:
``SEC. 49. DIGITAL ASSET EDUCATIONAL RESOURCES AND MODULES FOR SMALL
BUSINESS CONCERNS.
``(a) In General.--The Administrator shall--
``(1) establish and maintain educational resources and
modules for small business concerns with information on digital
assets; and
``(2) make such educational resources and modules publicly
available on an existing online learning platform of the
Administration.
``(b) Contents.--The educational resources and modules established
under subsection (a) shall include, to the extent practicable,
information on--
``(1) the benefits and risks of using digital assets in the
operations of small business concerns, including tax
implications and security risks;
``(2) avoidance of security risks associated with such use
of digital assets;
``(3) deciding whether to use a third-party vendor to
handle digital asset transactions, including evaluating fees
and rates, processing and settlement times, compliance and
risk, reporting requirements, and any additional features of a
digital asset transaction;
``(4) methods used by digital asset payment gateways and
resources for the use of such gateways by customers of such
concerns, including supporting infrastructure necessary to
facilitate transactions; and
``(5) the differences between types of digital assets,
including stablecoins, and the unique risks associated with
using digital assets.
``(c) In General.--To the extent practicable, the Administrator
shall ensure that the information contained in the educational
resources and modules established under subsection (a) is factually
accurate and current, including by consulting with--
``(1) the Director of the National Institute of Standards
and Technology;
``(2) the Secretary of Commerce;
``(3) Secretary of the Treasury;
``(4) the Advisory Working Group established under
subsection (d);
``(5) the Board of Governors of the Federal Reserve System;
``(6) the Comptroller of the Currency;
``(7) the Federal Deposit Insurance Corporation;
``(8) the National Credit Union Administration Board;
``(9) the Securities and Exchange Commission;
``(10) the Commodity Futures Trading Commission; and
``(11) the head of any other Federal agency, as determined
by the Administrator.
``(d) Advisory Working Group.--
``(1) Establishment.--The Administrator shall establish a
working group (in this subsection referred to as the `Advisory
Working Group') with which the Administrator shall consult on
an ongoing basis regarding the information contained in the
educational resources and modules established under subsection
(a).
``(2) Duties.--The duties of the Advisory Working Group
shall include the identification and recommendation of relevant
information to the Administrator for inclusion in the
educational resources and modules established under subsection
(a).
``(3) Members.--The Advisory Working Group shall be
comprised of the following members, who shall be selected by
the Administrator:
``(A) At least one individual representing the
Financial Crimes Enforcement Network of the Department
of the Treasury.
``(B) At least one individual who is a tax
professional with expertise in digital asset taxation.
``(C) Individuals with demonstrated expertise in
digital assets, including--
``(i) not less than one individual from the
private sector;
``(ii) not less than one individual from
academia;
``(iii) not less than one individual from
an organization with demonstrated expertise in
ensuring digital asset outputs are reliable,
secure, transparent, and not used for illegal
purposes; and
``(iv) not less than one individual with
demonstrated expertise in the creation of
educational or professional development
materials regarding digital assets.
``(D) Individuals with demonstrated expertise in
outreach to small business concerns, including--
``(i) not less than one individual from
each resource partner;
``(ii) not less than one individual from a
district office of the Administration; and
``(iii) not less than one individual from
an association representing small business
concerns.
``(E) A financial services consumer advocate.
``(F) An investor advocate for financial services.
``(G) An individual with demonstrated expertise on
the ongoing risks arising from scams and fraudulent
activity related to the use of digital assets.
``(4) Vacancies.--Any vacancy in the Advisory Working Group
shall be filled in the same manner as the original appointment.
``(5) Inapplicability of faca.--The requirements of chapter
10 of title 5, United States Code, shall not apply to the
Advisory Working Group established under this paragraph.
``(e) Incorporation of Information in Educational Resources and
Modules.--In establishing and maintaining the educational resources and
modules under subsection (a), the Administrator--
``(1) shall consider relevant, existing information
developed by resource partners, financial services consumer
advocates, and investor advocates for financial services; and
``(2) may incorporate information described in subparagraph
(A) into such educational resources and modules.
``(f) Resource Partner Involvement.--The Administrator shall
coordinate with resource partners to disseminate information to raise
the awareness of small business concerns about availability of the
educational resources and modules established under subsection (a).
``(g) Manner.--The Administrator shall ensure that the information
in the educational resources and modules established under subsection
(a)--
``(1) is actionable and presented in a manner that is
easily comprehensible by small business concerns; and
``(2) does not give preference to a digital asset model or
tool developed by a specific entity or group of entities.
``(h) Digital Asset Defined.--In this section, the term `digital
asset' has the meaning given such term in section 2 of the GENIUS Act
(12 U.S.C. 5901).''.
(b) Deadline.--The Administrator of the Small Business
Administration shall establish the educational resources and modules
required by section 49 of the Small Business Act (15 U.S.C. 631 et
seq.), as added by this Act, not later than 180 days after the date of
the enactment of this Act.
SEC. 3. COMPLIANCE WITH CUTGO.
No additional amounts are authorized to carry out this Act or the
amendments made by this Act.
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