[Congressional Record Volume 168, Number 158 (Thursday, September 29, 2022)]
[Senate]
[Page S5806]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 6282. Mrs. BLACKBURN submitted an amendment intended to be 
proposed to amendment SA 5499 submitted by Mr. Reed (for himself and 
Mr. Inhofe) and intended to be proposed to the bill H.R. 7900, to 
authorize appropriations for fiscal year 2023 for military activities 
of the Department of Defense, for military construction, and for 
defense activities of the Department of Energy, to prescribe military 
personnel strengths for such fiscal year, and for other purposes; which 
was ordered to lie on the table; as follows:

        At the end of title XII, add the following:

                  Subtitle G--Say No to the Silk Road

     SEC. 1281. SHORT TITLE.

       This subtitle may be cited as the ``Say No to the Silk Road 
     Act''.

     SEC. 1282. DEFINITIONS.

       In this subtitle:
       (1) Digital yuan.--The term ``digital yuan'' means the 
     sovereign digital currency of the People's Bank of China, or 
     any successor sovereign digital currency of the People's 
     Republic of China.
       (2) Network.--The term ``Network'' means the blockchain-
     based service network of the People's Republic of China.
       (3) Relevant congressional committees.--The term ``relevant 
     congressional committees'' means--
       (A) the Committee on Armed Services, the Committee on 
     Banking, Housing, and Urban Affairs, the Committee on 
     Commerce, Science, and Transportation, the Committee on 
     Finance, and the Committee on Foreign Relations of the 
     Senate; and
       (B) the Committee on Armed Services, the Committee on 
     Energy and Commerce, the Committee on Financial Services, the 
     Committee on Foreign Affairs, and the Committee on Ways and 
     Means of the House of Representatives.
       (4) Secretary.--The term ``Secretary'' means the Secretary 
     of Commerce.

     SEC. 1283. REPORT ON THE NETWORK.

       (a) Report.--Not later than 1 year after the date of the 
     enactment of this Act, the Secretary, in consultation with 
     the Secretary of Defense and the Secretary of the Treasury, 
     shall submit to the relevant congressional committees a 
     report--
       (1) on--
       (A) the Network;
       (B) the operations of the Network in the United States;
       (C) the privacy implications of use of the Network in the 
     United States or on United States servers; and
       (D) the participation of companies headquartered in the 
     United States and companies located in the United States in 
     assisting with the operations of the Network or performing 
     work to expand the Network, including--
       (i) with respect to the applications or technical 
     capabilities of the Network; and
       (ii) the geographic scope of the Network, such as--

       (I) expanding the Network to be used in the United States 
     and countries that are allies and partners of the United 
     States; and
       (II) constructing data centers of the Network in the United 
     States and countries that are allies and partners of the 
     United States; and

       (2) that includes--
       (A) the goals of the Network in developing blockchain 
     infrastructure;
       (B) an assessment of whether the involvement in the Network 
     of the Government of the People's Republic of China and 
     entities owned by the Government of the People's Republic of 
     China may pose any risk to economic and national security 
     interests of the United States; and
       (C) the privacy and security implications associated with 
     the collection of data of citizens of the United States by 
     the Network.
       (b) Recommendations.--Not later than 1 year after the date 
     of the enactment of this Act, the Secretary shall submit to 
     the relevant congressional committees recommendations 
     relating to the report submitted under subsection (a).

     SEC. 1284. REPORT ON TRADE ENFORCEMENT ACTIONS WITH RESPECT 
                   TO SOVEREIGN DIGITAL CURRENCY OF PEOPLE'S 
                   REPUBLIC OF CHINA.

       Not later than 1 year after the date of the enactment of 
     this Act, the United States Trade Representative, in 
     consultation with the Secretary and the Secretary of the 
     Treasury, shall submit to the relevant congressional 
     committees a report--
       (1) assessing how trade enforcement actions relating to the 
     digital yuan would affect the United States; and
       (2) making recommendations with respect to mitigating the 
     effects of such actions.

     SEC. 1285. REPORT ON EFFECT OF SOVEREIGN DIGITAL CURRENCY OF 
                   PEOPLE'S REPUBLIC OF CHINA ON TRADE AND 
                   INVESTMENT AGREEMENTS.

       Not later than 1 year after the date of the enactment of 
     this Act, the United States Trade Representative shall submit 
     to the relevant congressional committees a report--
       (1) assessing the ways in which shifts to the use of the 
     digital yuan by other countries as a settlement or reserve 
     currency could affect trade and investment agreements to 
     which the United States is a party;
       (2) assessing the ways in which shifts to the use of the 
     digital yuan by international financial institutions to which 
     the United States is a party could affect United States 
     participation and financing; and
       (3) making recommendations with respect to mitigating the 
     effects of such shifts.

     SEC. 1286. USE OF DIGITAL YUAN BY EXECUTIVE AGENCIES.

       (a) Definitions.--In this section:
       (1) Executive agency.--The term ``executive agency'' has 
     the meaning given that term in section 133 of title 41, 
     United States Code.
       (2) Information technology.--The term ``information 
     technology'' has the meaning given that term in section 11101 
     of title 40, United States Code.
       (b) Use of Digital Yuan.--Not later than 60 days after the 
     date of the enactment of this Act, the Director of the Office 
     of Management and Budget, in consultation with the 
     Administrator of General Services, the Director of the 
     National Institute of Standards and Technology, the Director 
     of the Cybersecurity and Infrastructure Security Agency, the 
     Director of National Intelligence, and the Secretary of 
     Defense, and consistent with the information security 
     requirements under subchapter II of chapter 35 of title 44, 
     United States Code, shall develop strict guidance for 
     executive agencies requiring adequate security measures for 
     any transfer, storage, or use of digital yuan on information 
     technology.

     SEC. 1287. DEPARTMENT OF STATE WARNING ABOUT DANGERS OF 
                   DIGITAL YUAN.

       Not later than 90 days after the date of the enactment of 
     this Act, the Secretary of State shall include on a publicly 
     available internet website of the Department of State a 
     warning to United States citizens traveling to the People's 
     Republic of China about the privacy concerns, potential 
     violations of United States trade and investment enforcement 
     measures, financial instability, and other relevant dangers 
     of using or storing the digital yuan.
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