,,iv  #aae? ,,congress  #b;d ,session   
,h4 ,,res4 #aajh  ,,9 ,,! ,,h\se ,,(    
,,repres5tatives  ,septemb] #bh1        
#bjah,mr4 ,s*weik]t 7= himself1 ,mr4    
,polis1 & ,mr4 ,emm]7 submitt$ ! foll[+ 
resolution2 :i* 0 ref]r$ to ! ,committee
 on ,en]gy & ,comm]ce1 & 9 addition to !
 ,committee on ,sci5ce1 ,space1 &       
,te*nology1 = a p]iod to be subsequ5tly 
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$    
,,resolution  ,express+ ! s5se ( ! ,h\se
 ( ,repres5tatives t block*a9 has       
incr$ible pot5tial t mu/ be nurtur$     
?r\gh support = rese>* & developm5t & a 
?\ghtful & innovation-fri5dly regulatory
 approa*4  ,:]eas block*a9 ref]s to     
s(tw>e t uses a di/ribut$ digital l$g] (
 cryptographically sign$ transactions t 
are gr\p$ into blocks1 ea* ( :i*--  7#a7
 is cryptrographically l9k$ to ! previ\s
 block aft] validation & und]go+ a      
cons5sus decision2  7#b7 :5 add$ z a new
 block1 makes any old] blocks m         

difficult to modify2 &  7#c7 is         
replicat$ across all copies ( ! l$g] )9 
! relevant network1 ) any conflicts 9   
su* blocks resolv$ automatically us+    
e/abli%$ rules2  ,:]eas block*a9 c--    
7#a7 r$uce transaction co/s by remov+   
int]m$i>ies2  7#b7 increase ! transp>5cy
 ( a transaction2  7#c7 re%ape value    
*a9s2  7#d7 improve organizational      
effici5cy ?r\gh tru/wor?y               
dec5tralization2  7#e7 provide          
individuals ) great] control ov]        
p]sonally id5tifiable in=mation ?r\gh   
encryption :ile conduct+ transp>5t1     
secure1 & effici5t transactions2  7#f7  
accurately capture asset own]%ip &      
location ?r\gh\t ! lifetime ( an asset1 
protect+ own]s & improv+ tax compliance2
  7#g7 improve public safety &          
adm9i/ration by provid+ a tamp]-pro(    
audit trail2  7#h7 r$uce ! efficacy (   
cyb]-attacks by /or+ data 9 num]\s      
di/ribut$ copies2 &  7#i7 improve !     
quality ( public s]vices by provid+ a   
bett] cu/om] exp]i5ce & r$uc+           

transaction co/s2  ,:]eas because       
block*a9 is an evolv+ te*nology1 x      
requires a framework t facilitates      
innovation1 provides = legal c]ta9ty1 & 
respects ! pr9ciple ( te*nology         
neutrality :ile also provid+ protection 
= consum]s1 bus9esses1 inve/ors1        
society1 & ! environm5t2 ,:]eas         
unc]ta9ty relat$ to ! application (     
horizontal regulations relat$ to data   
protection & taxation c inhibit !       
developm5t ( block*a92 ,:]eas block*a9  
has ! pot5tial to provide widespread1   
ma9/ream improvem5ts 9 digital s]vices2 
,:]eas because ! risks & *all5ges (     
block*a9 are n yet kn[n1 m rese>* &     
developm5t is necess>y2 ,:]eas block*a9 
has _m pot5tial applications1 includ+-- 
7#a7 production & pe]-to-pe] ex*ange (  
environm5tally fri5dly en]gy &          
scalability & flexibility = en]gy plant 
op]ators1 suppli]s1 & consum]s2  7#b7   
improvem5ts 9 ! transportation sector1  
includ+ ) respect to mobility &         
logi/ics1 regi/ration & adm9i/ration (  

vehicles1 v]ification ( driv+ di/ances1 
sm>t insurance1 & *>g+ ( electronic     
vehicles2  7#c7 improvem5ts 9 ! heal?c>e
 sector1 includ+ improv$ report+ on     
cl9ical trials1 & digital data ex*ange  
controll$ by pati5ts2  7#d7 supply *a9  
improvem5ts1 includ+ improv$ %ipm5t     
track+ & monitor+1 transp>5cy1 &        
compliance ) legal & e?ical /&>ds2  7#e7
 improvem5ts 9 education includ+ degree 
v]ification1 encrypt$ educational       
c]tifications1 & cr$it transf]          
me*anisms2 &  7#f7 assi/ance 9 protect+ 
control ( creative cont5t by copyright  
hold]s & ensur+ copyright hold]s are    
comp5sat$ = use ( ! cont5t2  ,:]eas     
block*a9 c all[ us]s to control         
in=mation ab\t !mselves %>$ on !        
int]net1 *oos+ ! appropriate degree (   
transp>5cy = a p>ticul> application2    
,:]eas block*a9 c support ! developm5t (
 a new ar*itecture = digital id5tities2 
,:]eas because digital id5tities are    
imp]ative to ! future1 be/ practices    
%\ld be e/abli%$ to ensure t data is    

secure2 ,:]eas block*a9 is protect$ by  
cryptography t replaces ?ird-p>ty       
int]m$i>ies1 validat+1 safegu>d+1 &     
pres]v+ transactions2 ,:]eas public tru/
 9 block*a9 is improv$ by ! developm5t &
 use ( op5-s\rce protocols & plat=ms2   
,:]eas a sm>t contract is a collection (
 code & data /or$ on block*a9 t enables 
! automatic execution ( ! t]ms ( a      
contract ^u ! occurr5ce ( a             
pre-programm$ condition2 ,:]eas a ?or\gh
 assessm5t ( ! pot5tial uses & ! legal  
implications ( sm>t contracts is        
necess>y2 ,:]eas x is necess>y to       
closely monitor em]g+ cyb]-?reats to    
ensure ! reliability ( block*a9 plat=ms2
 ,:]eas ! appropriate ag5cies %\ld      
develop me*anisms to /ress te/ block*a9 
applications2 ,:]eas diff]5t block*a9   
processes & applications c b5efit f     
ef=ts by organizations l ! ,national    
,in/itute ( ,/&>ds & ,te*nology & !     
,int]national ,organization =           
,/&>dization 9 creat+ common /&>ds to   
ensure int]op]ability & effici5cy 9     

work+ ) legacy plat=ms2 ,:]eas          
regulation ( block*a9 %\ld be innovation
 fri5dly & %\ld avoid giv+ pref]5ce to a
 p>ticul> te*nological approa* or       
bus9ess model2 & ,:]eas digital skill   
tra9+ is necess>y to help make full use 
( ! pot5tial ( block*a92 ,n[1 !re=e1 be 
x  ,t x is ! s5se ( ! ,h\se (           
,repres5tatives t block*a9 has incr$ible
 pot5tial t mu/ be nurtur$ ?r\gh support
 = future rese>* & developm5t & a       
?\ghtful & innovation-fri5dly regulatory
 approa*4