,i #aai? ,,congress #b;d ,session ,h4 ,r4 #ajcii ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,septemb] #ae1 #bjbf,ms4 ,s*olt5 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,small ,bus9ess ,a ,,bill ,to am5d ! ,small ,bus9ess ,act to help small bus9ess conc]ns critically evaluate digital assets1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,curr5cy ,options1 ,in=mation1 & ,navigation ,act4 #b4 ,digital asset educational res\rces & modules = small bus9ess conc]ns 7a7 ,9 g5]al ,! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fca et seq47 is am5d$-- 7#a7 by r$esignat+ section #di z section #ej2 & 7#b7 by ins]t+ aft] section #dh ! foll[+ new section3 #di4 ,digital asset educational res\rces & modules = small bus9ess conc]ns 7a7 ,9 g5]al ,! ,adm9i/rator %all-- 7#a7 e/abli% & ma9ta9 educational res\rces & modules = small bus9ess conc]ns ) in=mation on digital assets2 & 7#b7 make su* educational res\rces & modules publicly available on an exi/+ onl9e le>n+ plat=m ( ! ,adm9i/ration4 7b7 ,cont5ts ,! educational res\rces & modules e/abli%$ "u subsection 7a7 %all include1 to ! ext5t practicable1 in=mation on-- 7#a7 ! b5efits & risks ( us+ digital assets 9 ! op]ations ( small bus9ess conc]ns1 includ+ tax implications & security risks2 7#b7 avoidance ( security risks associat$ ) su* use ( digital assets2 7#c7 decid+ :e!r to use a ?ird-p>ty v5dor to h&le digital asset transactions1 includ+ evaluat+ fees & rates1 process+ & settlem5t times1 compliance & risk1 report+ requirem5ts1 & any additional features ( a digital asset transaction2 7#d7 me?ods us$ by digital asset paym5t gateways & res\rces = ! use ( su* gateways by cu/om]s ( su* conc]ns1 includ+ support+ infra/ructure necess>y to facilitate transactions2 & 7#e7 ! diff]5ces betwe5 types ( digital assets1 includ+ /ableco9s1 & ! unique risks associat$ ) us+ digital assets4 7c7 ,9 g5]al ,to ! ext5t practicable1 ! ,adm9i/rator %all ensure t ! in=mation conta9$ 9 ! educational res\rces & modules e/abli%$ "u subsection 7a7 is factually accurate & curr5t1 includ+ by consult+ )-- 7#a7 ! ,director ( ! ,national ,in/itute ( ,/&>ds & ,te*nology2 7#b7 ! ,secret>y ( ,comm]ce2 7#c7 ,secret>y ( ! ,treasury2 7#d7 ! ,advisory ,work+ ,gr\p e/abli%$ "u subsection 7d72 7#e7 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em2 7#f7 ! ,comptroll] ( ! ,curr5cy2 7#g7 ! ,f$]al ,deposit ,insurance ,corporation2 7#h7 ! ,national ,cr$it ,union ,adm9i/ration ,bo>d2 7#i7 ! ,securities & ,ex*ange ,commission2 7#aj7 ! ,commodity ,futures ,trad+ ,commission2 & 7#aa7 ! head ( any o!r ,f$]al ag5cy1 z det]m9$ by ! ,adm9i/rator4 7d7 ,advisory ,work+ ,gr\p 7#a7 ,e/abli%m5t ,! ,adm9i/rator %all e/abli% a work+ gr\p 79 ?is subsection ref]r$ to z ! ,advisory ,work+ ,gr\p7 ) :i* ! ,adm9i/rator %all consult on an ongo+ basis reg>d+ ! in=mation conta9$ 9 ! educational res\rces & modules e/abli%$ "u subsection 7a74 7#b7 ,duties ,! duties ( ! ,advisory ,work+ ,gr\p %all include ! id5tification & recomm5dation ( relevant in=mation to ! ,adm9i/rator = inclusion 9 ! educational res\rces & modules e/abli%$ "u subsection 7a74 7#c7 ,memb]s ,! ,advisory ,work+ ,gr\p %all be compris$ ( ! foll[+ memb]s1 :o %all be select$ by ! ,adm9i/rator3 7,a7 ,at lea/ "o individual repres5t+ ! ,f9ancial ,crimes ,en=cem5t ,network ( ! ,dep>tm5t ( ! ,treasury4 7,b7 ,at lea/ "o individual :o is a tax pr(essional ) exp]tise 9 digital asset taxation4 7,c7 ,individuals ) demon/rat$ exp]tise 9 digital assets1 includ+-- 7i7 n less ?an "o individual f ! private sector2 7ii7 n less ?an "o individual f academia2 7iii7 n less ?an "o individual f an organization ) demon/rat$ exp]tise 9 ensur+ digital asset outputs are reliable1 secure1 transp>5t1 & n us$ = illegal purposes2 & 7iv7 n less ?an "o individual ) demon/rat$ exp]tise 9 ! creation ( educational or pr(essional developm5t mat]ials reg>d+ digital assets4 7,d7 ,individuals ) demon/rat$ exp]tise 9 outrea* to small bus9ess conc]ns1 includ+-- 7i7 n less ?an "o individual f ea* res\rce p>tn]2 7ii7 n less ?an "o individual f a di/rict (fice ( ! ,adm9i/ration2 & 7iii7 n less ?an "o individual f an association repres5t+ small bus9ess conc]ns4 7,e7 ,a f9ancial s]vices consum] advocate4 7,f7 ,an inve/or advocate = f9ancial s]vices4 7,g7 ,an individual ) demon/rat$ exp]tise on ! ongo+ risks aris+ f scams & fraudul5t activity relat$ to ! use ( digital assets4 7#d7 ,vacancies ,any vacancy 9 ! ,advisory ,work+ ,gr\p %all be fill$ 9 ! same mann] z ! orig9al appo9tm5t4 7#e7 ,inapplicability ( ,,faca ,! requirem5ts ( *apt] #aj ( title #e1 ,unit$ ,/ates ,code1 %all n apply to ! ,advisory ,work+ ,gr\p e/abli%$ "u ?is p>agraph4 7e7 ,incorporation ( in=mation 9 educational res\rces & modules ,9 e/abli%+ & ma9ta9+ ! educational res\rces & modules "u subsection 7a71 ! ,adm9i/rator-- 7#a7 %all consid] relevant1 exi/+ in=mation develop$ by res\rce p>tn]s1 f9ancial s]vices consum] advocates1 & inve/or advocates = f9ancial s]vices2 & 7#b7 may incorporate in=mation describ$ 9 subp>agraph 7,a7 into su* educational res\rces & modules4 7f7 ,res\rce p>tn] involvem5t ,! ,adm9i/rator %all coord9ate ) res\rce p>tn]s to dissem9ate in=mation to raise ! aw>5ess ( small bus9ess conc]ns ab\t availability ( ! educational res\rces & modules e/abli%$ "u subsection 7a74 7g7 ,mann] ,! ,adm9i/rator %all ensure t ! in=mation 9 ! educational res\rces & modules e/abli%$ "u subsection 7a7-- 7#a7 is actionable & pres5t$ 9 a mann] t is easily compreh5sible by small bus9ess conc]ns2 & 7#b7 does n give pref]5ce to a digital asset model or tool develop$ by a specific entity or gr\p ( entities4 7h7 ,digital asset def9$ ,9 ?is section1 ! t]m digital asset has ! mean+ giv5 su* t]m 9 section #b ( ! ,,g5ius ,act 7#ab ,u4,s4,c4 #eija74 4 7b7 ,deadl9e ,! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration %all e/abli% ! educational res\rces & modules requir$ by section #di ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fca et seq471 z add$ by ?is ,act1 n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is ,act4 #c4 ,compliance ) ,,cutgo ,no additional am\nts are au?oriz$ to c>ry out ?is ,act or ! am5dm5ts made by ?is ,act4