[Congressional Record Volume 167, Number 88 (Thursday, May 20, 2021)]
[Senate]
[Pages S3249-S3250]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1799. Ms. HASSAN (for herself and Ms. Ernst) submitted an 
amendment intended to be proposed by her to the bill S. 1260, to 
establish a new Directorate for Technology and Innovation in the 
National Science Foundation, to establish a regional technology hub 
program, to require a strategy and report on economic security, 
science, research, innovation, manufacturing, and job creation, to 
establish a critical supply chain resiliency program, and for other 
purposes; which was ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. ____. VIRTUAL CURRENCIES AND THEIR GLOBAL USE.

       (a) Report.--Not later than 2 years after the date of 
     enactment of this Act, the Secretary of the Treasury, in 
     consultation with the Attorney General, the United States 
     Trade Representative, the Board of Governors of the Federal 
     Reserve System, the Office of the Director of National 
     Intelligence, and any other agencies or departments that the 
     Secretary of the Treasury determines are necessary, shall 
     submit to the Committee on Finance, the Committee on Banking, 
     Housing, and Urban Affairs, and the Committee on the 
     Judiciary of the Senate and the Committee on Ways and Means, 
     the Committee on the Judiciary, and Committee on Financial 
     Services of the House of Representatives a report on virtual 
     currency, which shall--
       (1) identify and rank the countries that host--
       (A) the largest state and private industry generators of 
     virtual currency;
       (B) the largest state and private industry users of virtual 
     currency; and
       (C) the largest or most active money services businesses 
     that engage in virtual currency transactions;
       (2) identify policies adopted by the foreign countries 
     listed in paragraph (3)to develop and protect their domestic 
     virtual currency industry;
       (3) identify, to the greatest extent practicable, the types 
     and dollar value of virtual currency mined, as well as an 
     estimate of the amount of energy consumed doing so for each 
     of fiscal years 2016 through 2021 within the United States 
     and globally, as well as within the People's Republic of 
     China, the Islamic Republic of Iran, the Democratic People's 
     Republic of Korea, the Bolivarian Republic of Venezuela, the 
     Republic of Cuba, the Republic of the Union of Myanmar, the 
     Syrian Arab Republic, and the Russian Federation;
       (4) identify vulnerabilities, including those related to 
     security, disruptions, and technology availability, of the 
     global microelectronic supply chain with respect to virtual 
     currency mining operations; and
       (5) provide policy and legislative recommendations to 
     address the issues identified in paragraphs (3) and (4).

[[Page S3250]]

       (b) Classified Annex.--The report submitted under 
     subsection (a) shall be submitted in unclassified form, but 
     may include a classified annex.
                                 ______