#aag? ,,congress  #b;d ,session  ,h4 ,r4
 #gcch  ,,an ,,act  ,to require         
congressional notification prior to     
paym5ts ( ,dep>tm5t ( ,/ate rew>ds us+  
cryptocurr5cies1 & = o!r purposes4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,russia ,cryptocurr5cy ,transp>5cy ,act4
  #b4 ,f9d+s ,congress f9ds ! foll[+3   
7#a7 ,on ,febru>y #bd1 #bjbb1 !         
,gov]nm5t ( ! ,russian ,f$]ation1 l$ by 
,vladimir ,put91 laun*$ an unprovok$1   
full-scale invasion ( ,ukra9e4  7#b7    
,?is unprovok$ act ( aggression violates
 ,ukra9e's "r to indep5d5ce1 sov]eignty1
 & t]ritorial integrity1 & con/itutes an
 em]g5cy 9 int]national relations4  7#c7
 ,! invasion by ! ,gov]nm5t ( ! ,russian
 ,f$]ation ( ,ukra9e caus$ significant  
displacem5t 9 ,ukra9e & trigg]$ a broad]
 humanit>ian crisis 9 ,europe4  7#d7 ,on
 ,m>* #bc1 #bjbb1 ! ,dep>tm5t ( ,/ate   
releas$ a /atem5t assess+ t ! ,russian  
,arm$ ,=ces committ$ w> crimes by laun*+
 indiscrim9ate attacks on civilians &   
non-milit>y infra/ructure1 includ+      

ap>tm5t build+s1 s*ools1 & hospitals1   
leav+ ?\s&s ( innoc5t civilians kill$ or
 w\nd$4  7#e7 ,! ,unit$ ,nations ,(fice 
= ,coord9ation ( ,humanit>ian ,affairs  
has project$ t1 ov] ! next ?ree mon?s1  
#ab1jjj1jjj p liv+ 9 ,ukra9e w ne$      
humanit>ian assi/ance1 #f1gjj1jjj p w be
 int]nally displac$1 & #d1jjj1jjj p w   
flee ,ukra9e4  7#f7 ,rapid humanit>ian  
assi/ance is necess>y #f across sectors 
to address ! ne$s ( refugees & int]nally
 displac$ p]sons f ,ukra9e4  7#g7       
,cryptocurr5cy has be5 us$ z an         
effective cross-bord] paym5t tool to s5d
 millions to ! ,ukra9ian ,gov]nm5t1     
,ukra9ian army1 & ,ukra9ian refugees )  
limit$ access to f9ancial s]vices4  7#h7
 ,9 response to ! w> ( aggression by !  
,gov]nm5t ( ! ,russian ,f$]ation1 !     
,unit$ ,/ates has impos$ an array (     
sanctions1 cutt+ (f major ,russian      
f9ancial in/itutions f ,we/]n m>kets &  
freez+ ! assets ( num]\s ,russian       
olig>*s4  7#i7 ,giv5 t regimes sanction$
 by ! ,unit$ ,/ates h us$               

cryptocurr5cies to evade sanctions1 !re 
are increas+ conc]ns t ^! digital assets
 may be us$ to circumv5t ! sanctions n[ 
impos$ on ,russia & ,bel>us by ! ,unit$ 
,/ates & o!r =eign c\ntries4  #c4       
,congressional notifications = ,/ate    
,dep>tm5t cryptocurr5cy rew>ds  7a7     
,congressional notification ,subsection 
7e7 ( section #cf ( ! ,/ate ,dep>tm5t   
,basic ,au?orities ,act ( #aief 7#bb    
,u4,s4,c4 #bgjh7 is am5d$ by add+ at !  
end ! foll[+ new p>agraph3  7#g7 ,!     
,secret>y ( ,/ate %all notify !         
appropriate congressional committees n  
lat] ?an #ae days be=e pay+ out a rew>d 
9 cryptocurr5cy4  4  7b7 ,report ,n lat]
 ?an #ahj days aft] ! date ( ! enactm5t 
( ?is ,act1 ! ,secret>y ( ,/ate %all    
submit to ! appropriate congressional   
committees a report on ! use (          
cryptocurr5cy z a "p ( ! ,dep>tm5t (    
,/ate ,rew>ds program t--  7#a7 expla9s 
:y ! ,dep>tm5t ( ,/ate made !           
det]m9ation to pay out rew>ds 9         
cryptocurr5cy2  7#b7 li/s ea*           

cryptocurr5cy paym5t already provid$ by 
! ,/ate ,dep>tm5t2  7#c7 provides       
evid5ce z to :y cryptocurr5cy paym5ts   
w\ld be m likely to induce :i/lebl[]s to
 come =w>d ) in=mation ?an rew>ds paid  
out 9 ,unit$ ,/ates doll>s or o!r       
prizes2  7#d7 analyzes h[ ! ,/ate       
,dep>tm5t's use ( cryptocurr5cy c\ld    
und]m9e ! doll>'s /atus z ! global      
res]ve curr5cy2 &  7#e7 exam9es if !    
,/ate ,dep>tm5t's use ( cryptocurr5cy   
c\ld provide bad actors ) additional    
h>d-to-trace funds t c\ld be us$ =      
crim9al or illicit purposes4  7c7       
,appropriate ,committees ( ,congress    
,def9$ ,9 ?is section1 ! t]m appropriate
 committees ( ,congress means--  7#a7 ! 
,committee on ,=eign ,affairs ( ! ,h\se 
( ,repres5tatives2  7#b7 ! ,committee on
 ,=eign ,relations ( ! ,s5ate4  #d4     
,report on block*a9 usage = ,ukranian   
humanit>ian ne$s  7a7 ,9 ,g5]al ,n lat] 
?an #cj days aft] ! date ( ! enactm5t ( 
?is ,act1 ! ,secret>y ( ,/ate1 9        
coord9ation ) ! ,secret>y ( ! ,treasury 

& ! ,adm9i/rator ( ! ,unit$ ,/ates      
,ag5cy = ,int]national ,developm5t1 %all
 submit to ! appropriate congressional  
committees a report on ! mo/ effective  
av5ues to promote economic developm5t & 
provide humanit>ian aid to ,ukra9e1     
includ+ possible uses ( cryptocurr5cies 
or o!r te*nologies incorporat+          
block*a9s4 ,su* report %all-- 7#a7      
review & analyze ! advantages (f]$ by   
cross-bord] transactions involv+ digital
 assets relative to o!r traditional     
av5ues = cross-bord] humanit>ian relief 
paym5ts & ! reasons = ^? advantages1    
includ+ /ructural b>ri]s :i* may impact 
! co/1 effici5cy1 & reliability (       
traditional paym5t *annels2 &  7#b7 also
 review & analyze ways 9 :i* te*nologies
 incorporat+ block*a9s c-- 7,a7 assi/ 9 
! c>e1 support1 or resettlem5t (        
refugees & int]nally displac$ p]sons f  
,ukra9e2  7,b7 address humanit>ian      
access *all5ges & ensure ! effective    
deliv]y ( su* assi/ance to p]sons f     
,ukra9e2  7,c7 increase effici5cy1      

acc\ntability1 & transp>5cy 9 !         
adm9i/ration ( humanit>ian aid provid$  
by ! ,unit$ ,/ates to p]sons f ,ukra9e2 
7,d7 prev5t corruption ?r\gh ! use (    
web#c te*nologies2  7,e7 improve access 
to capital2 &  7,f7 bol/] ! effici5cy & 
reliability ( cross-bord] remittances4  
7b7 ,=m ,! report requir$ "u subsection 
7a7 %all be submitt$ 9 unclassifi$ =m & 
may include a classifi$ annex4  7c7     
,appropriate congressional committees   
def9$ ,9 ?is section1 ! t]m appropriate 
congressional committees means-- 7#a7 ! 
,committee on ,=eign ,affairs & !       
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives2 &  7#b7 !      
,committee on ,=eign ,relations & !     
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs ( ! ,s5ate4  #e4 ,effectiv5ess 
& en=cem5t ( sanctions  7a7 ,s5se (     
,congress ,x is ! s5se ( ,congress t--  
7#a7 on ,m>* #i1 #bjbb1 ,presid5t ,bid5 
issu$ an ,executive ,ord] outl9+ a      
national policy to mitigate ! risks1 &  
h>ness ! pot5tial b5efits (1 digital    

assets & di/ribut$ l$g] te*nology2  7#b7
 ! gr[+ developm5t & adoption ( digital 
assets h creat$ an urg5t ne$ = ! ,unit$ 
,/ates to play a lead+ role 9 ! global  
f9ancial sy/em & facilitate te*nological
 innovation2  7#c7 ^! developm5ts h _h  
significant implications t pose risks to
 ! f9ancial /ability & national security
 int]e/ ( ! ,unit$ ,/ates1 includ+      
issues relat+ to privacy & surveillance2
  7#a7 ! ,unit$ ,/ates ,gov]nm5t mu/--  
7,a7 ensure ! efficacy & en=cem5t ( !   
,unit$ ,/ates' sanctions regime by      
prev5t+ ! misuse ( digital assets1 :i* c
 facilitate transactions by ,russian    
p]sons subject to sanctions2  7,b7      
mitigate national security liabilities &
 sy/emic f9ancial risks pos$ by ! misuse
 ( digital assets by develop+ policy    
recomm5dations & address+ exi/+         
regulatory gaps2 &  7,c7 ma9ta9         
te*nological lead]%ip to promote ,unit$ 
,/ates global competitiv5ess & play a   
lead+ role 9 ! global gov]nance (       
digital assets4  7b7 ,report  7#a7 ,9   

g5]al ,n lat] ?an #ahj days aft] ! date 
( ! enactm5t ( ?is ,act1 ! ,secret>y ( !
 ,treasury1 9 consultation ) ! ,secret>y
 ( ,/ate1 %all submit a report to !     
appropriate congressional committees t  
provides an assessm5t on h[ digital     
curr5cies affect ! effectiv5ess &       
en=cem5t ( ,unit$ ,/ates sanctions aga9/
 ! ,russian ,f$]ation & actors subject  
to sanctions relat$ to ! ,russian       
,f$]ation's invasion ( ,ukra9e4  7#b7   
,matt]s to be includ$ ,! report "u      
p>agraph 7#a7 %all-- 7,a7 describe any  
ef=ts by ! ,russian ,f$]ation or p]sons 
subject to sanctions relat$ to !        
,russian ,f$]ation's invasion ( ,ukra9e 
to utilize digital assets to evade !    
sanctions regimes ( ! ,unit$ ,/ates &   
its int]national allies & p>tn]s2  7,b7 
describe any ef=ts by p]sons subject to 
sanctions relat$ to ! ,russian          
,f$]ation's invasion ( ,ukra9e to use   
dec5traliz$ f9ance te*nology or o!r     
simil> te*nology to effect transactions1
 includ+ digital wallets1 digital asset 

trad+ plat=ms1 & digital asset ex*anges2
  7,c7 assess h[ ! use or adoption (    
digital curr5cies c\ld und]m9e !        
national security int]e/s ( ! ,unit$    
,/ates & impact ! efficacy & en=cem5t ( 
sanctions1 1 & ! en=cem5t ( anti-money  
laund]+ provisions2  7,d7 detail actions
 tak5 by ! ,unit$ ,/ates gov]nm5t to "w 
) private sector actors to combat !     
evasion ( sanctions impos$ by ! ,unit$  
,/ates2 &  7,e7 include recomm5dations =
 new legislative & regulatory measures  
ne$$ to /r5g!n ! ,unit$ ,/ates          
,gov]nm5t's ability to prev5t any /ates1
 /ate-sponsor$ actors1 &                
non-/ate-sponsor$ actors f us+ digital  
curr5cies to evade sanctions impos$ by !
 ,unit$ ,/ates ,gov]nm5t4  7c7          
,appropriate committees ( congress def9$
 ,9 ?is section1 ! t]m appropriate      
committees ( ,congress means-- 7#a7 !   
,committee on ,=eign ,affairs ( ! ,h\se 
( ,repres5tatives2  7#b7 ! ,committee on
 ,f9ancial ,s]vices ( ! ,h\se (         
,repres5tatives2  7#c7 ! ,committee on  

,=eign ,relations ( ! ,s5ate2 &  7#d7 ! 
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs ( ! ,s5ate4  7d7 ,report ,=m ,!
 report requir$ "u subsection 7b7 %all  
be submitt$ 9 unclassifi$ =m ) a        
classifi$ annex1 if necess>y4  ,pass$ ! 
,h\se ( ,repres5tatives ,septemb] #bj1  
#bjbb4;,cl]k4