[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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