,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #gjfg  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #aa1 #bjbb,mr4   
,%]man introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,=eign        
,affairs1 & 9 addition to ! ,committee  
on ,f9ancial ,s]vices1 = 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 impose sanctions
 ) respect to ! use ( cryptocurr5cy to  
facilitate transactions by ,russian     
p]sons subject to sanctions1 & = o!r    
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,clos+ ,loopholes 9 ,russia
 ,sanctions ,act ( #bjbb4  #b4          
,applicability ,?is ,act applies to any 
p]son engag$ 9 ! bus9ess ( effect+      
transactions 9 digital assets = ! acc\nt
 ( o!rs1 includ+ any communication      
protocol sy/ems or o!r simil> sy/ems us+
 dec5traliz$ f9ance te*nology or o!r    
simil> te*nology to provide             
transactional s]vices1 includ+ digital  

wallets1 digital asset trad+ plat=ms1   
digital asset ex*anges1 & digital asset 
m9+ s]vices4  #c4 ,def9itions ,9 ?is    
,act3 7#a7 ,digital assets ,! t]m       
digital assets includes-- 7,a7 any      
digital repres5tation ( value :i* is    
record$ on a cryptographically secur$   
di/ribut$ l$g] or any simil> te*nology1 
z specifi$ by ! ,secret>y ( ! ,treasury2
 &  7,b7 nonfungible tok5s & o!r digital
 assets us+ block*a9 or o!r simil>      
te*nology4  7#b7 ,digital asset ex*ange 
,! t]m digital asset ex*ange or virtual 
curr5cy ex*ange includes-- 7,a7 an      
entity su* z a ,/ate-lic5s$ money       
s]vices bus9ess or money transmitt+     
bus9ess1 z def9$ 9 section #eccj ( title
 #ca1 ,unit$ ,/ates ,code2 &  7,b7 a    
f9ancial in/itution t ex*anges virtual  
curr5cy or digital assets4  7#c7        
,digital asset wallets ,! t]m digital   
asset wallets mean int]faces = /or+ &   
transf]r+ digital assets4  7#d7 ,=eign  
p]son ,! t]m =eign p]son means an       
individual or entity t is n a ,unit$    

,/ates p]son4  7#e7 ,ho/$ wallets ,! t]m
 ho/$ wallet means a digital acc\nt ho/$
 by a ?ird-p>ty f9ancial in/itution t   
all[s ! acc\nt hold] to /ore1 s5d1 &    
receive cryptocurr5cy & digital assets4 
7#f7 ,unho/$ wallets ,! t]m unho/$      
wallets means a digital wallet t is n   
ho/$ by a ?ird-p>ty f9ancial sy/em1     
includ+ s(tw>e ho/$ on a comput]1 phone1
 or o!r device ( a p]son4  7#g7 ,unit$  
/ates p]son ,! t]m ,unit$ ,/ates p]son  
means-- 7,a7 an individual :o is a      
,unit$ ,/ates citiz5 or an ali5 lawfully
 admitt$ = p]man5t resid5ce to ! ,unit$ 
,/ates2 or  7,b7 an entity organiz$ "u !
 laws ( ! ,unit$ ,/ates or any          
jurisdiction )9 ! ,unit$ ,/ates1 includ+
 a =eign bran* ( su* an entity4  #d4    
,imposition ( sanctions ) respect to !  
use ( cryptocurr5cy to facilitate       
transactions by ,russian p]sons subject 
to sanctions  7a7 ,9 g5]al ,z soon z    
practicable aft] ! date ( ! enactm5t (  
?is ,act1 ! ,presid5t may ex]cise all ( 
! p[]s grant$ to ! ,presid5t "u !       

,int]national ,em]g5cy ,economic ,p[]s  
,act 7#ej ,u4,s4,c4 #agja et seq47 to ! 
ext5t necess>y to block & prohibit all  
transactions 9 prop]ty & int]e/s 9      
prop]ty ( a =eign p]son describ$ 9      
subsection 7b7 if su* prop]ty & int]e/s 
9 prop]ty are 9 ! ,unit$ ,/ates1 come )9
 ! ,unit$ ,/ates1 or are or come )9 !   
possession or control ( a ,unit$ ,/ates 
p]son4  7b7 ,=eign p]sons describ$ ,a   
=eign p]son describ$ 9 ?is subsection is
 a =eign p]son-- 7#a7 t op]ates a       
digital asset ex*ange or is o!rwise a "p
 ( ! digital asset indu/ry2 &  7#b7 t   
facilitates1 directly or indirectly1    
transactions = any p]son ) respect to   
:i* sanctions h be5 impos$ by ! ,unit$  
,/ates = actions relat+ to ! ,russian   
,f$]ation1 includ+ transactions t       
facilitate ! evasion ( su* sanctions4   
7c7 ,implem5tation2 p5alties  7#a7      
,implem5tation ,! ,presid5t may ex]cise 
all au?orities provid$ "u sections #bjc 
& #bje ( ! ,int]national ,em]g5cy       
,economic ,p[]s ,act 7#ej ,u4,s4,c4     

#agjb & #agjd7 to c>ry out ?is section4 
7#b7 ,p5alties ,a p]son t violates1     
attempts to violate1 conspires to       
violate1 or causes a violation ( ?is    
section or any regulation1 lic5se1 or   
ord] issu$ to c>ry out ?is section %all 
be subject to ! p5alties set =? 9       
subsections 7b7 & 7c7 ( section #bjf ( !
 ,int]national ,em]g5cy ,economic ,p[]s 
,act 7#ej ,u4,s4,c4 #agje7 to ! same    
ext5t z a p]son t commits an unlawful   
act describ$ 9 subsection 7a7 ( t       
section4  7d7 ,exception relat+ to      
importation ( goods  7#a7 ,9 g5]al ,!   
requirem5t to block & prohibit all      
transactions 9 all prop]ty & int]e/s 9  
prop]ty "u subsection 7a7 %all n include
 ! au?ority or a requirem5t to impose   
sanctions on ! importation ( goods4     
7#b7 ,good ,9 ?is subsection1 ! t]m good
 means any article1 natural or manmade  
sub/ance1 mat]ial1 supply or manufactur$
 product1 includ+ inspection & te/      
equipm5t1 & exclud+ te*nical data4  #e4 
,virtual curr5cy ex*anges ,no digital   

asset ex*ange t does bus9ess 9 ! ,unit$ 
,/ates %all transact )1 or fulfill      
transactions (1 ho/$ wallets & unho/$   
wallets or cryptocurr5cy addresses t are
 kn[n to be1 or c\ld reasonably be kn[n 
to be1 affiliat$ ) p]sons headqu>t]$ 9 !
 ,russian ,f$]ation4  #f4 ,transactions 
reports  7a7 ,9 g5]al ,n lat] ?an #fj   
days aft] ! date ( enactm5t ( ?is ,act1 
! ,f9ancial ,crimes ,en=cem5t ,network  
%all require ,unit$ ,/ates taxpay]s     
hold+ great] ?an #aj1jjj 9 cryptocurr5cy
 9 acc\nts outside ( ! ,unit$ ,/ates to 
file a report describ$ 9 section        
#ajaj4cej ( title #ca1 ,code ( ,f$]al   
,regulations1 us+ ! =m describ$ 9 t     
section1 9 accordance ) section #ecad ( 
title #ca1 ,unit$ ,/ates ,code4  7b7    
,rulemak+ ,n lat] ?an #fj days aft] !   
date ( enactm5t ( ?is ,act1 ! ,secret>y 
( ! ,treasury %all f9alize rulemak+     
requir+ banks & money s]vice bus9esses  
to submit reports1 keep records1 & v]ify
 ! id5tity ( cu/om]s 9 relation to      
transactions involv+ conv]tible virtual 

curr5cy or digital assets held 9 unho/$ 
wallets4  #g4 ,report ,n lat] ?an #fj   
days aft] ! date ( enactm5t ( ?is ,act1 
! ,secret>y ( ! ,treasury %all submit to
 ,congress a report on ! progress ( !   
,dep>tm5t ( ! ,treasury 9 c>ry+ out ?is 
,act1 includ+ any res\rces ne$$ by !    
,dep>tm5t to improve implem5tation &    
progress 9 coord9at+ ) gov]nm5ts (      
c\ntries t are allies or p>tn]s ( !     
,unit$ ,/ates4  #h4 ,sunset ,sections #d
 & #e %all cease to h effect on ! date  
on :i* ! ,presid5t c]tifies to ,congress
 t all sanctions impos$ by ! ,unit$     
,/ates ) respect to ! ,russian ,f$]ation
 h t]m9at$4