,,ii  #aafth ,,congress  #ast ,session  
,s4 #eec  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #bf1      
#bjai,mr4 ,young 7for himself and ,mr4  
,markey7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,commerce1 ,science1 and 
,transportation  ,a ,,bill  ,to direct  
the ,secretary of ,commerce to establish
 a working group to recommend to        
,congress a definition of blockchain    
technology1 and for other purposes4  #a4
 ,short title ,this ,act may be cited as
 the ,blockchain ,promotion ,act of     
#bjai4  #b4 ,working group to recommend 
definition of blockchain technology  7a7
 ,definitions ,in this section--  7#a7  
the term ,federal agency has the meaning
 given the term agency in section #eea  
of title #e1 ,united ,states ,code2 and 
7#b7 the term ,secretary means the      
,secretary of ,commerce4  7b7           
,establishment ,not later than #ij days 
after the date of enactment of this     
,act1 the ,secretary shall establish    

within the ,department of ,commerce a   
working group to be known as the        
,blockchain ,working ,group4  7c7       
,membership  7#a7 ,in general ,the      
,blockchain ,working ,group shall be    
composed of members1 the number of whom 
shall be determined by the ,secretary1  
and who shall be appointed in accordance
 with paragraph 7#b74  7#b7 ,appointment
  7,a7 ,representatives of ,federal     
agencies  7i7 ,designation of ,federal  
agencies ,the ,secretary shall designate
 ,federal agencies to be represented in 
the ,blockchain ,working ,group1 as the 
,secretary considers appropriate to     
ensure representation of a cross-section
 of ,federal agencies that could use1 or
 benefit from1 blockchain technology4   
7ii7 ,appointment of members ,the head  
of each ,federal agency designated under
 clause 7i7 shall appoint an officer or 
employee of the ,federal agency to serve
 as a member of the ,blockchain ,working
 ,group4  7,b7 ,representatives of      
nongovernmental stakeholders  7i7 ,in   

general ,the ,secretary shall appoint   
representatives of nongovernmental      
stakeholders with respect to blockchain 
technology to serve as members of the   
,blockchain ,working ,group4  7ii7      
,representation of certain stakeholders 
required ,the members of the ,blockchain
 ,working ,group appointed under clause 
7i7 shall include representatives of--  
7,i7 information and communications     
technology manufacturers1 suppliers1    
software providers1 service providers1  
and vendors2  7,,ii7 subject matter     
experts representing industrial sectors1
 other than the technology sector1 that 
the ,secretary determines could use1 or 
benefit from1 blockchain technology2    
7,,iii7 small1 medium1 and large        
businesses2  7,,iv7 individuals and     
institutions engaged in academic        
research relating to blockchain         
technology2  7,v7 nonprofit             
organizations and consumer advocacy     
groups engaged in activities relating to
 blockchain technology2 and  7,,vi7     

rural and urban stakeholders4  7d7      
,report to ,congress  7#a7 ,in general  
,not later than #a year after the date  
of enactment of this ,act1 the          
,blockchain ,working ,group shall submit
 to ,congress a report that contains--  
7,a7 a recommended definition of the    
distributed ledger technology commonly  
known as blockchain technology2 and     
7,b7 recommendations for--  7i7 a study 
to be conducted by the ,assistant       
,secretary of ,commerce for             
,communications and ,information1 in    
coordination with the ,federal          
,communications ,commission1 on the     
impact of blockchain technology on      
electromagnetic spectrum policy2  7ii7 a
 study to examine a range of potential  
applications1 including nonfinancial    
applications1 for blockchain technology2
 and  7iii7 opportunities for ,federal  
agencies to use blockchain technology4  
7#b7 ,consideration of recommendations  
in ,,nist ,internal ,report #hbjb ,in   
making recommendations under paragraph  

7#a71 the ,blockchain ,working ,group   
may consider any recommendations        
contained in ,national ,institute of    
,standards and ,technology ,internal    
,report #hbjb1 entitled ,blockchain     
,technology ,overview and published in  
,october #bjah4