,,ii #aag? ,,congress #b;d ,session ,s4 #chfg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #ag1 #bjbb,ms4 ,w>r5 7= h]self1 ,mr4 ,re$1 ,mr4 ,w>n]1 ,mr4 ,te/]1 ,ms4 ,duckwor?1 ,ms4 ,/ab5[1 ,mr4 ,w>nock1 ,mr4 ,van ,holl51 ,ms4 ,smi?1 ,ms4 ,cortez ,ma/o1 & ,mr4 ,m55dez7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,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 ! ,digital ,asset ,sanctions ,compliance ,enhancem5t ,act ( #bjbb4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,appropriate congressional committees & lead]%ip ,! t]m appropriate congressional committees & lead]%ip means-- 7,a7 ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs1 ! ,committee on ,=eign ,relations1 & ! majority & m9ority lead]s ( ! ,s5ate2 & 7,b7 ! ,committee on ,f9ancial ,s]vices1 ! ,committee on ,=eign ,affairs1 & ! speak]1 ! majority lead]1 & ! m9ority lead] ( ! ,h\se ( ,repres5tatives4 7#b7 ,digital assets ,! t]m digital assets means any digital repres5tation ( value1 f9ancial assets & in/rum5ts1 or claims t are us$ to make paym5ts or inve/m5ts1 or to transmit or ex*ange funds or ! equival5t !re(1 t are issu$ or repres5t$ 9 digital =m ?r\gh ! use ( di/ribut$ l$g] te*nology4 7#c7 ,digital asset trad+ plat=m ,! t]m digital asset trad+ plat=m means a p]son1 or gr\p ( p]sons1 t op]ates z an ex*ange or o!r trad+ facility = ! pur*ase1 sale1 l5d+1 or borr[+ ( digital assets4 7#d7 ,digital asset transaction facilitator ,! t]m digital asset transaction facilitator means-- 7,a7 any p]son1 or gr\p ( p]sons1 t significantly & mat]ially facilitates ! pur*ase1 sale1 l5d+1 borr[+1 ex*ange1 cu/ody1 hold+1 validation1 or creation ( digital assets on ! acc\nt ( o!rs1 includ+ any communication protocol1 dec5traliz$ f9ance te*nology1 sm>t contract1 or o!r s(tw>e1 includ+ op5-s\rce comput] code-- 7i7 deploy$ ?r\gh ! use ( di/ribut$ l$g] or any simil> te*nology2 & 7ii7 t provides a me*anism = multiple us]s to pur*ase1 sell1 l5d1 borr[1 or trade digital assets2 & 7,b7 any p]son1 or gr\p ( p]sons1 t ! ,secret>y ( ! ,treasury o!rwise det]m9es to be significantly & mat]ially facilitat+ digital assets transactions 9 violation ( sanctions4 7#e7 ,=eign p]son ,! t]m =eign p]son means an individual or entity t is n a ,unit$ ,/ates p]son4 7#f7 ,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 #c4 ,imposition ( sanctions ) respect to ! use ( digital assets to facilitate transactions by ,russian p]sons subject to sanctions 7a7 ,report requir$ ,n lat] ?an #ij days aft] ! date ( ! enactm5t ( ?is ,act1 & p]iodically !reaft] z necess>y1 ! ,presid5t %all submit to ,congress a report id5tify+ any =eign p]son t-- 7#a7 op]ates a digital asset trad+ plat=m or is a digital asset transaction facilitator2 & 7#b7 7,a7 has significantly & mat]ially assi/$1 sponsor$1 or provid$ f9ancial1 mat]ial1 or te*nological support =1 or goods or s]vices to or 9 support ( any p]son ) respect to :i* sanctions h be5 impos$ by ! ,unit$ ,/ates relat+ to ! ,russian ,f$]ation1 includ+ by facilitat+ transactions t evade su* sanctions2 or 7,b7 is own$ or controll$ by1 or act+ or purport+ to act = or on behalf ( any p]son ) respect to :i* sanctions h be5 impos$ by ! ,unit$ ,/ates relat+ to ! ,russian ,f$]ation4 7b7 ,imposition ( sanctions ,! ,presid5t may ex]cise all ( ! p[]s grant$ 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 id5tifi$ 9 a report submitt$ "u subsection 7a7 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 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 ,national security waiv] ,! ,presid5t may waive ! imposition ( sanctions "u ?is section ) respect to a p]son if ! ,presid5t-- 7#a7 det]m9es t su* a waiv] is 9 ! national security int]e/s ( ! ,unit$ ,/ates2 & 7#b7 submits to ,congress a notification ( ! waiv] & ! reasons = ! waiv]4 7e7 ,exceptions 7#a7 ,exception = intellig5ce activities ,?is section %all n apply ) respect to activities subject to ! report+ requirem5ts "u title ,v ( ! ,national ,security ,act ( #aidg 7#ej ,u4,s4,c4 #cjia et seq47 or any au?oriz$ intellig5ce activities ( ! ,unit$ ,/ates4 7#b7 ,exception relat+ to importation ( goods 7,a7 ,9 g5]al ,! au?ority to block & prohibit all transactions 9 all prop]ty & int]e/s 9 prop]ty "u subsection 7b7 %all n include ! au?ority or a requirem5t to impose sanctions on ! importation ( goods4 7,b7 ,good ,9 ?is p>agraph1 ! 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 #d4 ,discretion>y prohibition ( transactions ,! ,secret>y ( ! ,treasury may require t no digital asset trad+ plat=m or digital asset transaction facilitator t does bus9ess 9 ! ,unit$ ,/ates transact )1 or fulfill transactions (1 digital asset addresses t are kn[n to be1 or c\ld reasonably be kn[n to be1 affiliat$ ) p]sons headqu>t]$ or domicil$ 9 ! ,russian ,f$]ation if ! ,secret>y-- 7#a7 det]m9es t ex]cis+ su* au?ority is important to ! national int]e/ ( ! ,unit$ ,/ates2 & 7#b7 n lat] ?an #ij days aft] ex]cis+ ! au?ority describ$ 9 p>agraph 7#a71 submits to ! appropriate congressional committees & lead]%ip a report on ! basis = any det]m9ation "u t p>agraph4 #e4 ,transaction report+ ,n lat] ?an #abj days aft] ! date ( enactm5t ( ?is ,act1 ! ,f9ancial ,crimes ,en=cem5t ,network %all require ,unit$ ,/ates p]sons engag$ 9 a transaction ) a value great] ?an #aj1jjj 9 digital assets ?r\gh #a or m 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 #f4 ,reports 7a7 ,9 g5]al ,n lat] ?an #abj days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ! ,treasury %all submit to ! appropriate congressional committees & lead]%ip 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 7b7 ,o!r reports ,n lat] ?an #abj days aft] ! date ( enactm5t ( ?is ,act1 & e ye> !reaft]1 ! ,secret>y ( ! ,treasury %all submit to ! appropriate congressional committees & lead]%ip & make publicly available a report id5tify+ ! digital asset trad+ plat=ms t ! ,(fice ( ,=eign ,assets ,control ( ! ,dep>tm5t ( ! ,treasury det]m9es to be high risk = sanctions evasion1 money laund]+1 or o!r illicit activities4 ,any ex*ange includ$ 9 ! report may petition ! ,(fice ( ,=eign ,assets ,control = removal1 :i* %all be grant$ ^u demon/rat+ t ! ex*ange is tak+ /eps suffici5t to comply ) applicable ,unit$ ,/ates law4