,,ii  #aagth ,,congress  #b;d ,session  
,s4 #cghd  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #h      
7legislative day1 ,march #g71 #bjbb,mrs4
 ,blackburn 7for herself1 ,mr4          
,tuberville1 ,mr4 ,braun1 ,mr4 ,young1  
,mr4 ,cruz1 ,ms4 ,lummis1 ,mr4 ,scott of
 ,florida1 ,mr4 ,cassidy1 and ,mrs4     
,hyde-,smith7 introduced the following  
bill2 which was read twice and referred 
to the ,committee on ,foreign ,relations
  ,a ,,bill  ,to require the ,secretary 
of ,commerce to submit to ,congress a   
report relating to the blockchain-based 
service network of the ,people's        
,republic of ,china1 and for other      
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,say ,no to the     
,silk ,road ,act4  #b4 ,definitions ,in 
this ,act3 7#a7 ,digital yuan ,the term 
digital yuan means the sovereign digital
 currency of the ,people's ,bank of     
,china1 or any successor sovereign      
digital currency of the ,people's       
,republic of ,china4  7#b7 ,network ,the

 term ,network means the                
blockchain-based service network of the 
,people's ,republic of ,china4  7#c7    
,relevant congressional committees ,the 
term relevant congressional committees  
means-- 7,a7 the ,committee on          
,commerce1 ,science1 and ,transportation
 of the ,senate2  7,b7 the ,committee on
 ,foreign ,relations of the ,senate2    
7,c7 the ,committee on ,armed ,services 
of the ,senate2  7,d7 the ,committee on 
,finance of the ,senate2  7,e7 the      
,committee on ,armed ,services of the   
,house of ,representatives2  7,f7 the   
,committee on ,foreign ,affairs of the  
,house of ,representatives2  7,g7 the   
,committee on ,energy and ,commerce of  
the ,house of ,representatives2 and     
7,h7 the ,committee on ,ways and ,means 
of the ,house of ,representatives4  7#d7
 ,secretary ,the term ,secretary means  
the ,secretary of ,commerce4  #c4       
,report on the ,network  7a7 ,report    
,not later than #bgj days after the date
 of enactment of this ,act1 the         

,secretary shall submit to ,congress a  
report-- 7#a7 on-- 7,a7 the ,network2   
7,b7 the operations of the ,network in  
the ,united ,states2  7,c7 the privacy  
implications associated with the        
collection of data of citizens of the   
,united ,states by the ,network2 and    
7,d7 the participation of companies     
headquartered in the ,united ,states and
 companies located in the ,united       
,states in assisting with the operations
 of the ,network or performing work to  
expand the ,network1 including-- 7i7    
with respect to the applications or     
technical capabilities of the ,network2 
and  7ii7 the geographic scope of the   
,network1 such as-- 7,i7 expanding the  
,network to be used in the ,united      
,states and countries participating in  
the ,foreign ,military ,financing       
,program2 and  7,,ii7 constructing data 
centers of the ,network in the ,united  
,states and countries participating in  
the ,foreign ,military ,financing       
,program2 and  7#b7 that includes-- 7,a7

 the goals of the ,network in developing
 blockchain infrastructure2  7,b7 an    
assessment of whether the involvement in
 the ,network of the ,government of the 
,people's ,republic of ,china and       
entities owned by the ,government of the
 ,people's ,republic of ,china may pose 
any risk to economic and national       
security interests of the ,united       
,states2 and  7,c7 the privacy and      
security implications associated with   
the collection of data of citizens of   
the ,united ,states by the ,network4    
7b7 ,recommendations ,not later than #a 
year after the date of enactment of this
 ,act1 the ,secretary shall submit to   
the relevant congressional committees   
recommendations relating to the report  
submitted under subsection 7a74  #d4    
,report on trade enforcement actions    
with respect to sovereign digital       
currency of ,people's ,republic of      
,china ,not later than #a year after the
 date of the enactment of this ,act1 the
 ,secretary shall submit to the relevant

 congressional committees a report--    
7#a7 assessing how trade enforcement    
actions relating to the digital yuan    
would affect the ,united ,states2 and   
7#b7 making recommendations with respect
 to mitigating the effects of such      
actions4  #e4 ,report on effect of      
sovereign digital currency of ,people's 
,republic of ,china on trade and        
investment agreements ,not later than #a
 year after the date of the enactment of
 this ,act1 the ,united ,states ,trade  
,representative shall submit to the     
relevant congressional committees a     
report-- 7#a7 assessing the ways in     
which shifts to the use of the digital  
yuan by other countries as a settlement 
or reserve currency could affect trade  
and investment agreements to which the  
,united ,states is a party2 and  7#b7   
making recommendations with respect to  
mitigating the effects of such shifts4  
#f4 ,use of digital yuan by executive   
agencies  7a7 ,definitions ,in this     
section-- 7#a7 the term executive agency

 has the meaning given that term in     
section #acc of title #da1 ,united      
,states ,code2 and  7#b7 the term       
information technology has the meaning  
given that term in section #aaaja of    
title #dj1 ,united ,states ,code4  7b7  
,use of digital yuan ,not later than #fj
 days after the date of enactment of    
this ,act1 the ,director of the ,office 
of ,management and ,budget1 in          
consultation with the ,administrator of 
,general ,services1 the ,director of the
 ,national ,institute of ,standards and 
,technology1 the ,director of the       
,cybersecurity and ,infrastructure      
,security ,agency1 the ,director of     
,national ,intelligence1 and the        
,secretary of ,defense1 and consistent  
with the information security           
requirements under subchapter ,,ii of   
chapter #ce of title #dd1 ,united       
,states ,code1 shall develop strict     
guidance for executive agencies         
requiring adequate security measures for
 any transfer1 storage1 or use of       

digital yuan on information technology4 
#g4 ,digital yuan disclosure requirement
 for ,foreign ,military ,financing      
partner countries ,any government of a  
country receiving assistance through the
 ,foreign ,military ,financing ,program 
shall be required1 as a condition for   
receiving such assistance1 to disclose  
to the ,secretary of ,state if that     
government uses digital yuan as a       
settlement or reserve currency4  #h4    
,department of ,state warning about     
dangers of digital yuan ,not later than 
#ij days after the date of the enactment
 of this ,act1 the ,secretary of ,state 
shall include on a publicly available   
internet website of the ,department of  
,state a warning to ,united ,states     
citizens traveling to the ,people's     
,republic of ,china about the dangers of
 the digital yuan4