[Congressional Record Volume 167, Number 90 (Monday, May 24, 2021)]
[Senate]
[Page S3373]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1969. 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, the Committee on Foreign 
     Relations, and the Committee on the Judiciary of the Senate 
     and the Committee on Ways and Means, the Committee on Foreign 
     Affairs, the Committee on the Judiciary, and Committee on 
     Financial Services of the House of Representatives a report 
     on virtual currency and their global use, which shall--
       (1) assess how foreign countries use and mine virtual 
     currencies, including identifying the largest state and 
     private industry users and miners of virtual currency, 
     policies foreign countries have adopted to encourage virtual 
     currency use and mining, and how foreign countries could be 
     strengthened or undermined by the use and mining of 
     cryptocurrencies within their borders;
       (2) identify, to the greatest extent practicable, the types 
     and dollar value of virtual currency mined for each of fiscal 
     years 2016 through 2022 within the United States and 
     globally, as well as within the People's Republic of China 
     and within any other countries the Secretary of the Treasury 
     determines are relevant; and
       (3) identify vulnerabilities, including those related to 
     supply disruptions and technology availability of the global 
     microelectronic supply chain, and opportunities with respect 
     to virtual currency mining operations.
       (b) Classified Annex.--The report required under subsection 
     (a) shall be submitted in unclassified form, but may contain 
     a classified annex.
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