[Congressional Record Volume 167, Number 138 (Tuesday, August 3, 2021)]
[Senate]
[Pages S5766-S5767]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  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).
                                 ______