,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #ebh  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #ad1 #bjai,mr4
 ,emm] 7= himself & ,mr4 ,soto7         
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices1 & 9
 addition to ! ,committee on !          
,judici>y1 = 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$  ,a
 ,,bill  ,to provide a safe h>bor f     
lic5s+ & regi/ration = c]ta9            
non-controll+ block*a9 develop]s &      
provid]s ( block*a9 s]vices4  #a4 ,%ort 
title ,?is ,act may be cit$ z !         
,block*a9 ,regulatory ,c]ta9ty ,act4    
#b4 ,safe h>bor = non-controll+ block*a9
 develop]s & provid]s ( block*a9 s]vices
  7a7 ,protection = non-,controll+      
block*a9 s]vices & s(tw>e develop]s ,no 
block*a9 develop] or provid] ( a        
block*a9 s]vice %all be treat$ z a money
 transmitt] 7z def9$ "u ,/ate lic5s+    
laws1 section #aifj ( title #ah1 ,unit$ 

,/ates ,code1 & section #ajaj4ajj (     
title #ca1 ,code ( ,f$]al ,regulations71
 money s]vices bus9ess 7z def9$ "u      
section #ajaj4ajj ( title #ca1 ,code (  
,f$]al ,regulation71 f9ancial in/itution
 7z def9$ "u section #ecab ( title #ca1 
,unit$ ,/ates ,code71 or any o!r ,/ate  
or ,f$]al legal designation requir+     
lic5s+ or regi/ration z a condition to  
act+ z a block*a9 develop] or provid] ( 
a block*a9 s]vice1 unless ! develop] or 
provid] has1 9 ! regul> c\rse ( bus9ess1
 control ov] digital curr5cy to :i* a   
us] is entitl$ "u ! block*a9 s]vice or !
 s(tw>e creat$1 ma9ta9$1 or dissem9at$  
by ! block*a9 develop]4  7b7 ,effect on 
o!r laws  7#a7 ,crim9al law ,no?+ 9 ?is 
section %all be con/ru$ to impair !     
en=cem5t ( any ,f$]al crim9al /atute t  
is consi/5t ) ?is section4  7#b7        
,intellectual prop]ty law ,no?+ 9 ?is   
section %all be con/ru$ to limit or exp&
 any law p]ta9+ to intellectual prop]ty4
  7#c7 ,/ate law ,no?+ 9 ?is section    
%all be con/ru$ to prev5t any ,/ate f   

en=c+ any ,/ate law t is consi/5t ) ?is 
section4 ,no cause ( action may be      
br\ght & no liability may be impos$ "u  
any ,/ate or local law t is inconsi/5t )
 ?is section4  7c7 ,def9itions ,z us$ 9 
?is section3 7#a7 ,block*a9 network ,!  
t]m block*a9 network means any sy/em (  
network$ comput]s t coop]ates to rea*   
cons5sus ov] ! /ate ( a comput] program 
& all[s us]s to p>ticipate 9 !          
cons5sus-mak+ process )\t ! ne$ to      
lic5se propriet>y s(tw>e or obta9       
p]mission f any o!r us]4 ,! t]m         
includes1 specifically1 a public network
 ( comput]s t coop]ates to rea* cons5sus
 ov] ! /ate ( a di/ribut$ l$g] describ+ 
transactions 9 a digital curr5cy4  7#b7 
,block*a9 develop] ,! t]m block*a9      
develop] means any p]son or bus9ess t   
creates1 ma9ta9s1 or dissem9ates s(tw>e 
facilitat+ ! creation or ma9t5ance ( a  
block*a9 network or a block*a9 s]vice4  
7#c7 ,block*a9 s]vice ,! t]m block*a9   
s]vice means any in=mation1 transaction1
 or comput+ s]vice or sy/em t provides  

or enables access to a block*a9 network 
by multiple us]s1 includ+ specifically a
 s]vice or sy/em t enables us]s to s5d1 
receive1 ex*ange1 or /ore digital       
curr5cies describ$ by block*a9 networks4
  7#d7 ,control ,! t]m control means !  
legal "r1 au?ority1 or ability to obta9 
^u dem& data suffici5t to initiate      
transactions sp5d+ an am\nt ( digital   
curr5cy4  7#e7 ,digital curr5cy ,! t]m  
digital curr5cy means a m$ium ( ex*ange1
 a unit ( acc\nt1 or a /ore ( value t is
 repres5t$ by entries 9 a di/ribut$ l$g]
 g5]at$ by a block*a9 network4