,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #hjfe  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #ad1 #bjbb ,mr4 
,waltz 7= himself1 ,mr4 ,soto1 ,mr4     
,donalds1 ,mr4 ,swalwell1 & ,mr4        
,got!im]7 introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,sci5ce1     
,space1 & ,te*nology  ,a ,,bill  ,to    
au?orize ! developm5t ( a national      
/rategy = ! rese>* & developm5t (       
di/ribut$ l$g] te*nologies & _!         
applications1 to au?orize aw>ds to      
support rese>* on di/ribut$ l$g]        
te*nologies & _! applications1 & to     
au?orize an appli$ rese>* project on    
di/ribut$ l$g] te*nologies 9 comm]ce4   
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,national ,r  ,d ,/rategy = ,di/ribut$
 ,l$g] ,te*nology ,act ( #bjbb4  #b4    
,def9itions ,9 ?is ,act3  7#a7 ,director
 ,except z o!rwise expressly provid$1 ! 
t]m ,director means ! ,director ( !     
,(fice ( ,sci5ce & ,te*nology ,policy4  
7#b7 ,di/ribut$ l$g] ,! t]m di/ribut$   
l$g] means a l$g] t--  7,a7 is %>$      

across a set ( di/ribut$ nodes1 :i* are 
devices or processes1 t p>ticipate 9 a  
network & /ore a complete or p>tial     
replica ( ! l$g]2  7,b7 is syn*roniz$   
betwe5 ! nodes2  7,c7 has data app5d$ to
 x by foll[+ ! l$g]'s specifi$ cons5sus 
me*anism2  7,d7 may be accessible to    
anyone 7public7 or re/rict$ to a subset 
( p>ticipants 7private72 &  7,e7 may    
require p>ticipants to h au?orization to
 p]=m c]ta9 actions 7p]mission$7 or     
require no au?orization 7p]missionless74
  7#c7 ,di/ribut$ l$g] te*nology ,! t]m 
di/ribut$ l$g] te*nology means te*nology
 t enables ! op]ation & use ( di/ribut$ 
l$g]s4  7#d7 ,in/itution ( high]        
education ,! t]m in/itution ( high]     
education has ! mean+ giv5 ! t]m 9      
section #aja ( ! ,high] ,education ,act 
( #aife 7#bj ,u4,s4,c4 #ajja74  7#e7    
,relevant congressional committees ,!   
t]m relevant congressional committees   
means--  7,a7 ! ,committee on ,comm]ce1 
,sci5ce1 & ,transportation ( ! ,s5ate2 &
  7,b7 ! ,committee on ,sci5ce1 ,space1 

& ,te*nology ( ! ,h\se (                
,repres5tatives4  7#f7 ,sm>t contract ,!
 t]m sm>t contract means a comput]      
program /or$ 9 a di/ribut$ l$g] sy/em t 
is execut$ :5 c]ta9 pr$ef9$ conditions  
are satisfi$ & :]e9 ! outcome ( any     
execution ( ! program may be record$ on 
! di/ribut$ l$g]4  #c4 ,national        
di/ribut$ l$g] te*nology ,r,d /rategy   
7a7 ,9 g5]al ,! ,director1 or a designee
 ( ! ,director1 %all1 9 coord9ation ) ! 
,national ,sci5ce & ,te*nology ,c\ncil1 
& ! heads ( su* o!r relevant ,f$]al     
ag5cies & entities z ! ,director        
consid]s appropriate1 :i* may include ! 
,national ,academies1 & 9 consultation )
 su* nongov]nm5tal entities z !         
,director consid]s appropriate1 develop 
a national /rategy = ! rese>* &         
developm5t ( di/ribut$ l$g] te*nologies 
& _! applications1 includ+ applications 
( public & p]missionless di/ribut$      
l$g]s4 ,9 develop+ ! national /rategy1 !
 ,director %all consid] ! foll[+3  7#a7 
,curr5t ef=ts & coord9ation by ,f$]al   

ag5cies to inve/ 9 ! rese>* & developm5t
 ( di/ribut$ l$g] te*nologies & _!      
applications1 includ+ ?r\gh programs l !
 ,small ,bus9ess ,innovation ,rese>*    
program1 ! ,small ,bus9ess ,te*nology   
,transf] program1 & ! ,national ,sci5ce 
,f\ndation's ,innovation ,corps         
programs4  7#b7 7,a7 ,! pot5tial b5efits
 & risks ( applications ( di/ribut$ l$g]
 te*nologies across diff]5t indu/ry     
sectors1 includ+ _! pot5tial to--  7i7  
l[] transactions co/s & facilitate new  
types ( comm]cial transactions2  7ii7   
protect privacy & increase individuals' 
data sov]eignty2  7iii7 r$uce friction  
to ! int]op]ability ( digital sy/ems2   
7iv7 increase ! accessibility1          
auditability1 security1 effici5cy1 &    
transp>5cy ( digital s]vices2  7v7      
increase m>ket competition 9 ! provision
 ( digital s]vices2  7vi7 enable dynamic
 contract+ & contract execution ?r\gh   
sm>t contracts2  7vii7 enable           
p>ticipants to collaborate 9 tru/less & 
dis9t]m$iat$ environm5ts2  7viii7 enable

 ! op]ations & gov]nance ( di/ribut$    
organizations2  7ix7 create new own]%ip 
models = digital items2 &  7x7 increase 
p>ticipation ( populations hi/orically  
und]repres5t$ 9 ! te*nology1 bus9ess1 & 
f9ancial sectors4  7,b7 ,9 consid]ation 
( ! pot5tial risks ( applications (     
di/ribut$ l$g] te*nologies "u           
subp>agraph 7,a71 ! ,director %all take 
into acc\nt1 :]e applicable-- 7i7       
additional risks t may em]ge f di/ribut$
 l$g] te*nologies1 z id5tifi$ 9 reports 
submitt$ to ! ,presid5t pursuant to     
,executive ,ord] #adjfg1 t may be       
address$ by rese>* & developm5t2  7ii7  
s(tw>e vuln]abilities 9 di/ribut$ l$g]  
te*nologies & sm>t contracts2  7iii7    
limit$ consum] lit]acy on engag+ )      
applications ( di/ribut$ l$g]           
te*nologies 9 a secure way2  7iv7 ! use 
( di/ribut$ l$g] te*nologies 9 illicit  
f9ance & _! use 9 combat+ illicit       
f9ance2  7v7 manipulative1 deceptive1 & 
fraudul5t practices t h>m consum]s      
engag+ ) applications ( di/ribut$ l$g]  

te*nologies2  7vi7 ! implications (     
diff]5t cons5sus me*anisms = digital    
l$g]s & gov]nance & acc\ntability       
me*anisms = applications ( di/ribut$    
l$g] te*nologies1 :i* may include       
dec5traliz$ networks2  7vii7 =eign      
activities 9 ! developm5t & deploym5t ( 
di/ribut$ l$g] te*nologies & _!         
associat$ tools & infra/ructure2 &      
7viii7 environm5tal1 su/a9ability1 &    
economic impacts ( ! computational      
res\rces requir$ = di/ribut$ l$g]       
te*nologies4  7#c7 ,pot5tial uses =     
di/ribut$ l$g] te*nologies t c\ld       
improve ! op]ations & deliv]y ( s]vices 
by ,f$]al ag5cies1 tak+ into acc\nt !   
pot5tial ( digital l$g] te*nologies to--
  7,a7 improve ! effici5cy &            
effectiv5ess ( privacy-pres]v+ data %>+ 
among ,f$]al ag5cies & ) ,/ate1 local1  
t]ritorial1 & ,tribal gov]nm5ts2  7,b7  
promote gov]nm5t transp>5cy by improv+  
data %>+ ) ! public2  7,c7 introduce or 
mitigate risks t may ?reat5 individuals'
 rights or broad access to ,f$]al       

s]vices2  7,d7 automate & mod]nize      
processes = assess+ & ensur+ regulatory 
compliance2 &  7,e7 facilitate broad    
access to f9ancial s]vices = und]s]v$ & 
und]bank$ populations4  7#d7 ,ways to   
support public & private sector dialogue
 on areas ( rese>* t c\ld enhance !     
effici5cy1 scalability1 int]op]ability1 
security1 & privacy ( applications us+  
di/ribut$ l$g] te*nologies4  7#e7 ,! ne$
 = increas$ coord9ation ( ! public &    
private sectors on ! developm5t (       
volunt>y /&>ds 9 ord] to promote rese>* 
& developm5t1 includ+ /&>ds reg>d+      
security1 sm>t contracts1 cryptographic 
protocols1 virtual r\t+ & =w>d+1        
int]op]ability1 z]o-k pro(s1 & privacy1 
= di/ribut$ l$g] te*nologies & _!       
applications4  7#f7 ,applications (     
di/ribut$ l$g] te*nologies t c\ld       
positively b5efit society b t receive   
relatively little private sector        
inve/m5t4  7#g7 ,! ,unit$ ,/ates        
position 9 global lead]%ip &            
competitiv5ess across rese>*1           

developm5t1 & deploym5t ( di/ribut$ l$g]
 te*nologies4  7b7 ,consultation  7#a7  
,9 g5]al ,9 c>ry+ out ! ,director's     
duties "u ?is section1 ! ,director %all 
consult ) ! foll[+3  7,a7 ,private      
indu/ry4  7,b7 ,in/itutions ( high]     
education1 includ+ m9ority-s]v+         
in/itutions4  7,c7 ,nonpr(it            
organizations1 includ+ f\ndations       
d$icat$ to support+ di/ribut$ l$g]      
te*nologies & _! applications4  7,d7    
,/ate gov]nm5ts4  7,e7 ,su* o!r p]sons z
 ! ,director consid]s appropriate4  7#b7
 ,repres5tation ,! ,director %all ensure
 consultations ) ! foll[+3  7,a7 ,rural 
& urban /akehold]s f across ! ,nation4  
7,b7 ,small1 m$ium1 & l>ge bus9esses4   
7,c7 ,subject matt] exp]ts repres5t+    
multiple indu/rial sectors4  7,d7 ,a    
demographically div]se set ( /akehold]s4
  7c7 ,coord9ation ,9 c>ry+ out ?is     
section1 ! ,director %all1 = purposes ( 
avoid+ duplication ( activities1        
consult1 coop]ate1 & coord9ate ) !      
programs & policies ( o!r relevant      

,f$]al ag5cies1 includ+ ! int]ag5cy     
process outl9$ 9 section #c ( ,executive
 ,ord] #adjfg 7#hg ,f$4 ,reg4 #adadc2   
relat+ ensur+ responsible developm5t (  
digital assets74  7d7 ,national /rategy 
,n lat] ?an #a ye> aft] ! date (        
enactm5t ( ?is ,act1 ! ,director %all   
submit to ! relevant congressional      
committees & ! ,presid5t a national     
/rategy t includes ! foll[+3  7#a7      
,priorities = ! rese>* & developm5t (   
di/ribut$ l$g] te*nologies & _!         
applications4  7#b7 ,plans to support   
public & private sector inve/m5t &      
p>tn]%ips 9 rese>* & te*nology          
developm5t = societally b5eficial       
applications ( di/ribut$ l$g]           
te*nologies4  7#c7 ,plans to mitigate ! 
risks ( di/ribut$ l$g] te*nologies & _! 
applications4  7#d7 ,an id5tification ( 
additional res\rces1 adm9i/rative       
action1 or legislative action recomm5d$ 
to assi/ ) ! implem5tation ( su*        
/rategy4  7e7 ,rese>* & developm5t fund+
 ,! ,director %all1 z ! ,director       

consid]s necess>y1 consult ) ! ,director
 ( ! ,(fice ( ,managem5t & ,budget & ) !
 heads ( su* o!r elem5ts ( ! ,executive 
,(fice ( ! ,presid5t z ! ,director      
consid]s appropriate1 to ensure t !     
recomm5dations & priorities ) respect to
 rese>* & developm5t fund+1 z express$ 9
 ! national /rategy develop$ "u ?is     
section1 are incorporat$ 9 ! developm5t 
( annual budget reque/s = ,f$]al rese>* 
ag5cies4  #d4 ,di/ribut$ l$g] te*nology 
rese>*  7a7 ,9 g5]al ,! ,director ( !   
,national ,sci5ce ,f\ndation %all make  
aw>ds1 on a competitive basis1 to       
in/itutions ( high] education1 includ+  
m9ority-s]v+ in/itutions1 or nonpr(it   
organizations 7or consortia ( su*       
in/itutions or organizations7 to support
 rese>*1 includ+ int]discipl9>y rese>*1 
on di/ribut$ l$g] te*nologies1 _!       
applications1 & o!r issues t impact or  
are caus$ by di/ribut$ l$g] te*nologies1
 :i* may include rese>* on--  7#a7 !    
implications on tru/1 transp>5cy1       
privacy1 accessibility1 acc\ntability1 &

 en]gy consumption ( diff]5t cons5sus   
me*anisms & h>dw>e *oices1 & approa*es =
 address+ ^! implications2  7#b7        
approa*es = improv+ ! security1 privacy1
 resili5cy1 int]op]ability1 p]=mance1 & 
scalability ( di/ribut$ l$g] te*nologies
 & _! applications1 :i* may include     
dec5traliz$ networks2  7#c7 approa*es = 
id5tify+ & address+ vuln]abilities &    
improv+ ! p]=mance & expressive p[] (   
sm>t contracts2  7#d7 ! implications (  
quantum comput+ on applications (       
di/ribut$ l$g] te*nologies1 includ+     
long-t]m protection ( s5sitive in=mation
 7su* z m$ical or digital prop]ty71 &   
te*niques to address !m2  7#e7 game     
!ory1 me*anism design1 & economics      
und]p9n+ & facilitat+ ! op]ations &     
gov]nance ( dec5traliz$ networks enabl$ 
by di/ribut$ l$g] te*nologies2  7#f7 !  
social behaviors ( p>ticipants 9        
dec5traliz$ networks enabl$ by di/ribut$
 l$g] te*nologies2  7#g7 human-c5tric   
design approa*es to make di/ribut$ l$g] 
te*nologies & _! applications m usable &

 accessible2  7#h7 use cases = di/ribut$
 l$g] te*nologies across v>i\s indu/ry  
sectors & gov]nm5t1 includ+ applications
 p]ta9+ to--  7,a7 digital id5tity1     
includ+ tru/$ id5tity & id5tity         
managem5t2  7,b7 digital prop]ty rights2
  7,c7 deliv]y ( public s]vices2  7,d7  
supply *a9 transp>5cy2  7,e7 m$ical     
in=mation managem5t2  7,f7 inclusive    
f9ancial s]vices2  7,g7 community       
gov]nance2  7,h7 *>itable giv+2  7,i7   
public goods fund+2  7,j7 digital       
cr$5tials2  7,k7 regulatory compliance2 
7,l7 infra/ructure resili5ce1 includ+   
aga9/ natural disa/]s2 &  7,m7          
pe]-to-pe] transactions2 &  7#i7 !      
social1 behavioral1 & economic          
implications associat$ ) ! gr[? (       
applications ( di/ribut$ l$g]           
te*nologies1 includ+ dec5tralization 9  
bus9ess1 f9ancial1 & economic sy/ems4   
7b7 ,accel]at+ innovation ,! ,director (
 ! ,national ,sci5ce ,f\ndation %all    
consid] cont9u+ to support />tups t are 
9 ne$ ( fund+1 w\ld develop 9 &         

contribute to ! economy ( ! ,unit$      
,/ates1 lev]age di/ribut$ l$g]          
te*nologies1 h ! pot5tial to positively 
b5efit society1 & h ! pot5tial =        
comm]cial viability1 ?r\gh programs l ! 
,small ,bus9ess ,innovation ,rese>*     
program1 ! ,small ,bus9ess ,te*nology   
,transf] program1 &1 z appropriate1 o!r 
programs t promote broad & div]se       
p>ticipation4  7c7 ,consid]ation (      
national di/ribut$ l$g] te*nology rese>*
 & developm5t /rategy ,9 mak+ aw>ds "u  
subsection 7a71 ! ,director ( !         
,national ,sci5ce ,f\ndation %all take  
into acc\nt ! national /rategy1 z       
describ$ 9 section #c7;d74  7d7         
,fundam5tal rese>* ,! ,director ( !     
,national ,sci5ce ,f\ndation %all       
consid] cont9u+ to make aw>ds support+  
fundam5tal rese>* 9 areas relat$ to     
di/ribut$ l$g] te*nologies & _!         
applications1 su* z appli$ cryptography 
& di/ribut$ sy/ems4  #e4 ,di/ribut$ l$g]
 te*nology appli$ rese>* project  7a7   
,appli$ rese>* project ,subject to !    

availability ( appropriations1 !        
,director ( ! ,national ,in/itute (     
,/&>ds & ,te*nology may c>ry out an     
appli$ rese>* project to /udy &         
demon/rate ! pot5tial b5efits & unique  
capabilities ( di/ribut$ l$g]           
te*nologies4  7b7 ,activities ,9 c>ry+  
out ! appli$ rese>* project1 ! ,director
 ( ! ,national ,in/itute ( ,/&>ds &     
,te*nology %all-- 7#a7 id5tify pot5tial 
applications ( di/ribut$ l$g]           
te*nologies1 includ+ ^? t c\ld b5efit   
activities at ! ,dep>tm5t ( ,comm]ce or 
at o!r ,f$]al ag5cies1 consid]+         
applications t c\ld--  7,a7 improve !   
privacy & int]op]ability ( digital      
id5tity & access managem5t solutions2   
7,b7 increase ! integrity & transp>5cy (
 supply *a9s ?r\gh ! secure & limit$ %>+
 ( relevant suppli] in=mation2  7,c7    
facilitate increas$ int]op]ability      
across heal?c>e in=mation sy/ems &      
consum] control ov] ! movem5t ( _!      
m$ical data2  7,d7 facilitate broad]    
p>ticipation 9 di/ribut$ l$g]           

te*nologies ( populations hi/orically   
und]repres5t$ 9 te*nology1 bus9ess1 &   
f9ancial sectors2 or  7,e7 be ( b5efit  
to ! public or private sectors1 z       
det]m9$ by ! ,director 9 consultation ) 
relevant /akehold]s2  7#b7 solicit &    
provide ! opportunity = public comm5t   
relevant to pot5tial projects2  7#c7    
consid]1 9 ! selection ( a project1 :e!r
 ! project addresses a press+ ne$ n     
already address$ by ano!r organization  
or ,f$]al ag5cy2  7#d7 e/abli% plans to 
mitigate pot5tial risks1 includ+ ^?     
outl9$ 9 section #c7;a77#b77;,b71 if    
applicable1 ( pot5tial projects2  7#e7  
produce an example solution lev]ag+     
di/ribut$ l$g] te*nologies = #a ( !     
applications id5tifi$ 9 p>agraph 7#a72  
7#f7 hold a competitive process to      
select private sector p>tn]s1 if !y are 
engag$1 to support ! implem5tation ( !  
example solution2  7#g7 consid] ho/+ !  
project at ! ,national ,cyb]security    
,c5t] ( ,excell5ce2 &  7#h7 ensure t    
cyb]security be/ practices consi/5t ) ! 

,cyb]security ,framework ( ! ,national  
,in/itute ( ,/&>ds & ,te*nology are     
demon/rat$ 9 ! project4  7c7 ,brief+s to
 ,congress ,n lat] ?an #a ye> aft] !    
date ( enactm5t ( ?is ,act1 ! ,director 
( ! ,national ,in/itute ( ,/&>ds &      
,te*nology %all (f] a brief+ to !       
relevant congressional committees on !  
progress & curr5t f9d+s f ! project "u  
?is section4  7d7 ,public report ,n lat]
 ?an #ab mon?s aft] ! completion ( !    
project "u ?is section1 ! ,director ( ! 
,national ,in/itute ( ,/&>ds &          
,te*nology %all make public a report on 
! results & f9d+s f ! project4