,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #ebh  ,,in ,,the ,,house ,,of   
,,representatives  ,january #ad1        
#bjai,mr4 ,emmer 7for himself and ,mr4  
,soto7 introduced the following bill2   
which was referred to the ,committee on 
,financial ,services1 and in addition to
 the ,committee on the ,judiciary1 for a
 period to be subsequently determined by
 the ,speaker1 in each case for         
consideration of such provisions as fall
 within the jurisdiction of the         
committee concerned  ,a ,,bill  ,to     
provide a safe harbor from licensing and
 registration for certain               
non-controlling blockchain developers   
and providers of blockchain services4   
#a4 ,short title ,this ,act may be cited
 as the ,blockchain ,regulatory         
,certainty ,act4  #b4 ,safe harbor for  
non-controlling blockchain developers   
and providers of blockchain services    
7a7 ,protection for non-,controlling    
blockchain services and software        
developers ,no blockchain developer or  

provider of a blockchain service shall  
be treated as a money transmitter 7as   
defined under ,state licensing laws1    
section #aifj of title #ah1 ,united     
,states ,code1 and section #ajaj4ajj of 
title #ca1 ,code of ,federal            
,regulations71 money services business  
7as defined under section #ajaj4ajj of  
title #ca1 ,code of ,federal            
,regulation71 financial institution 7as 
defined under section #ecab of title    
#ca1 ,united ,states ,code71 or any     
other ,state or ,federal legal          
designation requiring licensing or      
registration as a condition to acting as
 a blockchain developer or provider of a
 blockchain service1 unless the         
developer or provider has1 in the       
regular course of business1 control over
 digital currency to which a user is    
entitled under the blockchain service or
 the software created1 maintained1 or   
disseminated by the blockchain          
developer4  7b7 ,effect on other laws   
7#a7 ,criminal law ,nothing in this     

section shall be construed to impair the
 enforcement of any ,federal criminal   
statute that is consistent with this    
section4  7#b7 ,intellectual property   
law ,nothing in this section shall be   
construed to limit or expand any law    
pertaining to intellectual property4    
7#c7 ,state law ,nothing in this section
 shall be construed to prevent any      
,state from enforcing any ,state law    
that is consistent with this section4   
,no cause of action may be brought and  
no liability may be imposed under any   
,state or local law that is inconsistent
 with this section4  7c7 ,definitions   
,as used in this section3 7#a7          
,blockchain network ,the term blockchain
 network means any system of networked  
computers that cooperates to reach      
consensus over the state of a computer  
program and allows users to participate 
in the consensus-making process without 
the need to license proprietary software
 or obtain permission from any other    
user4 ,the term includes1 specifically1 

a public network of computers that      
cooperates to reach consensus over the  
state of a distributed ledger describing
 transactions in a digital currency4    
7#b7 ,blockchain developer ,the term    
blockchain developer means any person or
 business that creates1 maintains1 or   
disseminates software facilitating the  
creation or maintenance of a blockchain 
network or a blockchain service4  7#c7  
,blockchain service ,the term blockchain
 service means any information1         
transaction1 or computing service or    
system that provides or enables access  
to a blockchain network by multiple     
users1 including specifically a service 
or system that enables users to send1   
receive1 exchange1 or store digital     
currencies described by blockchain      
networks4  7#d7 ,control ,the term      
control means the legal right1          
authority1 or ability to obtain upon    
demand data sufficient to initiate      
transactions spending an amount of      
digital currency4  7#e7 ,digital        

currency ,the term digital currency     
means a medium of exchange1 a unit of   
account1 or a store of value that is    
represented by entries in a distributed 
ledger generated by a blockchain        
network4