,i #aaith ,,congress #b;d ,session ,h4 ,r4 #ajcii ,,in ,,the ,,house ,,of ,,representatives ,september #ae1 #bjbf,ms4 ,scholten introduced the following bill2 which was referred to the ,committee on ,small ,business ,a ,,bill ,to amend the ,small ,business ,act to help small business concerns critically evaluate digital assets1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,currency ,options1 ,information1 and ,navigation ,act4 #b4 ,digital asset educational resources and modules for small business concerns 7a7 ,in general ,the ,small ,business ,act 7#ae ,u4,s4,c4 #fca et seq47 is amended-- 7#a7 by redesignating section #di as section #ej2 and 7#b7 by inserting after section #dh the following new section3 #di4 ,digital asset educational resources and modules for small business concerns 7a7 ,in general ,the ,administrator shall-- 7#a7 establish and maintain educational resources and modules for small business concerns with information on digital assets2 and 7#b7 make such educational resources and modules publicly available on an existing online learning platform of the ,administration4 7b7 ,contents ,the educational resources and modules established under subsection 7a7 shall include1 to the extent practicable1 information on-- 7#a7 the benefits and risks of using digital assets in the operations of small business concerns1 including tax implications and security risks2 7#b7 avoidance of security risks associated with such use of digital assets2 7#c7 deciding whether to use a third-party vendor to handle digital asset transactions1 including evaluating fees and rates1 processing and settlement times1 compliance and risk1 reporting requirements1 and any additional features of a digital asset transaction2 7#d7 methods used by digital asset payment gateways and resources for the use of such gateways by customers of such concerns1 including supporting infrastructure necessary to facilitate transactions2 and 7#e7 the differences between types of digital assets1 including stablecoins1 and the unique risks associated with using digital assets4 7c7 ,in general ,to the extent practicable1 the ,administrator shall ensure that the information contained in the educational resources and modules established under subsection 7a7 is factually accurate and current1 including by consulting with-- 7#a7 the ,director of the ,national ,institute of ,standards and ,technology2 7#b7 the ,secretary of ,commerce2 7#c7 ,secretary of the ,treasury2 7#d7 the ,advisory ,working ,group established under subsection 7d72 7#e7 the ,board of ,governors of the ,federal ,reserve ,system2 7#f7 the ,comptroller of the ,currency2 7#g7 the ,federal ,deposit ,insurance ,corporation2 7#h7 the ,national ,credit ,union ,administration ,board2 7#i7 the ,securities and ,exchange ,commission2 7#aj7 the ,commodity ,futures ,trading ,commission2 and 7#aa7 the head of any other ,federal agency1 as determined by the ,administrator4 7d7 ,advisory ,working ,group 7#a7 ,establishment ,the ,administrator shall establish a working group 7in this subsection referred to as the ,advisory ,working ,group7 with which the ,administrator shall consult on an ongoing basis regarding the information contained in the educational resources and modules established under subsection 7a74 7#b7 ,duties ,the duties of the ,advisory ,working ,group shall include the identification and recommendation of relevant information to the ,administrator for inclusion in the educational resources and modules established under subsection 7a74 7#c7 ,members ,the ,advisory ,working ,group shall be comprised of the following members1 who shall be selected by the ,administrator3 7,a7 ,at least one individual representing the ,financial ,crimes ,enforcement ,network of the ,department of the ,treasury4 7,b7 ,at least one individual who is a tax professional with expertise in digital asset taxation4 7,c7 ,individuals with demonstrated expertise in digital assets1 including-- 7i7 not less than one individual from the private sector2 7ii7 not less than one individual from academia2 7iii7 not less than one individual from an organization with demonstrated expertise in ensuring digital asset outputs are reliable1 secure1 transparent1 and not used for illegal purposes2 and 7iv7 not less than one individual with demonstrated expertise in the creation of educational or professional development materials regarding digital assets4 7,d7 ,individuals with demonstrated expertise in outreach to small business concerns1 including-- 7i7 not less than one individual from each resource partner2 7ii7 not less than one individual from a district office of the ,administration2 and 7iii7 not less than one individual from an association representing small business concerns4 7,e7 ,a financial services consumer advocate4 7,f7 ,an investor advocate for financial services4 7,g7 ,an individual with demonstrated expertise on the ongoing risks arising from scams and fraudulent activity related to the use of digital assets4 7#d7 ,vacancies ,any vacancy in the ,advisory ,working ,group shall be filled in the same manner as the original appointment4 7#e7 ,inapplicability of ,,faca ,the requirements of chapter #aj of title #e1 ,united ,states ,code1 shall not apply to the ,advisory ,working ,group established under this paragraph4 7e7 ,incorporation of information in educational resources and modules ,in establishing and maintaining the educational resources and modules under subsection 7a71 the ,administrator-- 7#a7 shall consider relevant1 existing information developed by resource partners1 financial services consumer advocates1 and investor advocates for financial services2 and 7#b7 may incorporate information described in subparagraph 7,a7 into such educational resources and modules4 7f7 ,resource partner involvement ,the ,administrator shall coordinate with resource partners to disseminate information to raise the awareness of small business concerns about availability of the educational resources and modules established under subsection 7a74 7g7 ,manner ,the ,administrator shall ensure that the information in the educational resources and modules established under subsection 7a7-- 7#a7 is actionable and presented in a manner that is easily comprehensible by small business concerns2 and 7#b7 does not give preference to a digital asset model or tool developed by a specific entity or group of entities4 7h7 ,digital asset defined ,in this section1 the term digital asset has the meaning given such term in section #b of the ,,genius ,act 7#ab ,u4,s4,c4 #eija74 4 7b7 ,deadline ,the ,administrator of the ,small ,business ,administration shall establish the educational resources and modules required by section #di of the ,small ,business ,act 7#ae ,u4,s4,c4 #fca et seq471 as added by this ,act1 not later than #ahj days after the date of the enactment of this ,act4 #c4 ,compliance with ,,cutgo ,no additional amounts are authorized to carry out this ,act or the amendments made by this ,act4