,,ii  #aag? ,,congress  #b;d ,session   
,s4 #dgea  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,augu/ #c1 #bjbb,mr4   
,toomey 7= himself1 ,ms4 ,s9ema1 ,ms4   
,lummis1 ,mr4 ,w>n]1 & ,mr4 ,portman7   
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to revise !        
def9ition ( a brok] = purposes ( c]ta9  
report+ requirem5ts ) respect to digital
 asset transf]s "u ! ,int]nal ,rev5ue   
,code ( #aihf1 & = o!r purposes4  #a4   
,in=mation report+ = brok]s & digital   
assets  7a7 ,cl>ification ( def9ition ( 
brok] ,subp>agraph 7,d7 ( section       
#fjde7;c77#a7 ( ! ,int]nal ,rev5ue ,code
 ( #aihf1 z add$ by section             
#hjfjc7;a77#c7 ( ! ,infra/ructure       
,inve/m5t & ,jobs ,act 7,public ,law    
#aag-eh71 is am5d$ by /rik+ is          
responsible = regul>ly provid+ any      
s]vice effectuat+ & ins]t+ regul>ly     
effectuates4  7b7 ,rules ( con/ruction  
,section #hjfjc ( ! ,infra/ructure      
,inve/m5t & ,jobs ,act is am5d$ by /rik+

 subsection 7d7 & ins]t+ ! foll[+3  7d7 
,rules ( con/ruction  7#a7 ,def9ition ( 
brok] ,no?+ 9 ?is section or ! am5dm5ts 
made by ?is section %all be con/ru$ to  
create any inf]5ce t a p]son describ$ 9 
section #fjde7;c77#a77;,d7 ( ! ,int]nal 
,rev5ue ,code ( #aihf1 z add$ by ?is    
section1 includes any p]son solely      
engag$ 9 ! bus9ess (-- 7,a7 validat+    
di/ribut$ l$g] transactions1 )\t provid+
 o!r functions or s]vices1 or  7,b7     
sell+ h>dw>e or s(tw>e = :i* ! sole     
function is to p]mit p]sons to control  
private keys :i* are us$ = access+      
digital assets on a di/ribut$ l$g]4     
7#b7 ,brok]s & treatm5t ( digital assets
 ,no?+ 9 ?is section or ! am5dm5ts made 
by ?is section %all be con/ru$ to create
 any inf]5ce1 = any p]iod prior to !    
effective date ( su* am5dm5ts1 ) respect
 to-- 7,a7 :e!r any p]son is a brok] "u 
section #fjde7;c77#a7 ( ! ,int]nal      
,rev5ue ,code ( #aihf1 or  7,b7 :e!r any
 digital asset is prop]ty :i* is a      
specifi$ security "u section            

#fjde7;g77#c77;,b7 ( su* ,code4  4  7c7 
,effective date ,! am5dm5ts made by ?is 
section %all take effect z if includ$ 9 
! enactm5t ( section #hjfjc ( !         
,infra/ructure ,inve/m5t & ,jobs ,act4