,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #cegc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,may #ba1 #bjbe,ms4   
,wat]s 7= h]self1 ,mr4 ,fo/]1 ,ms4      
,tlaib1 ,mrs4 ,beatty1 ,ms4 ,velzquez1  
,mr4 ,lyn*1 ,mr4 ,gre5 ( ,texas1 ,ms4   
,g>cia ( ,texas1 ,mr4 ,%]man1 ,mr4      
,cleav]1 ,mr4 ,fields1 & ,mr4 ,v>gas7   
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to e/abli% c]ta9 digital asset 
prohibitions ) respect to elect$        
,gov]nm5t (ficials1 & = o!r purposes4   
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,/op ,trad+1 ,ret5tion1 & ,unfair     
,m>ket ,pay(fs 9 ,crypto ,act ( #bjbe or
 ! ,/op ,,trump 9 ,crypto ,act ( #bjbe4 
#b4 ,prohibition on cov]$ individuals 9 
connection ) digital assets  7a7 ,9     
g5]al ,a cov]$ individual may n--  7#a7 
own a proportion ( a digital asset t    
w\ld all[ ! individual to unilat]ally   
make *anges to ! digital asset2  7#b7   
s]ve z an (fic]1 director1 or own] ( a  
digital asset issu]2  7#c7 issue1       

sponsor1 promote1 or receive any direct 
or indirect comp5sation1 includ+ fees1 =
 ! sale1 m>ket+1 or m9+ ( any digital   
asset 9 ! ,unit$ ,/ates or to a ,unit$  
,/ates p]son2 or  7#d7 trade digital    
assets :ile 9 (fice1 if ! cov]$         
individual has mat]ial non-public       
in=mation ab\t digital assets4  7b7     
,prohibition on c]ta9 companies act+ on 
behalf ( a cov]$ individual ,an issu]   
requir$ to file reports ) ! ,securities 
& ,ex*ange ,commission "u section #ac ( 
! ,securities ,ex*ange ,act ( #aicd may 
n issue or sell1 or o!rwise transact )  
respect to1 a digital asset on behalf ( 
a cov]$ individual4  7c7 ,p5alties      
,section #baf ( title #ah1 ,unit$ ,/ates
 ,code1 %all apply to a violation ( ?is 
section to ! same ext5t z su* section   
#baf applies to a violation ( section   
#bjc1 #bjd1 #bje1 #bjg1 #bjh1 or #bji ( 
su* title4  #c4 ,prohibition on indirect
 p>ticipation ?r\gh int]m$i>ies &       
b5eficial own]%ip  7a7  ,anti-,evasion  
rule  ,a cov]$ individual may n take any

 action prohibit$ by ?is ,act ?r\gh any 
tru/1 corporation1 p>tn]%ip1 limit$     
liability company1 un9corporat$         
association1 political committee1       
nonpr(it organization1 or o!r entity or 
p]son1 includ+ any digital wallet or    
protocol1 if su* cov]$ individual--     
7#a7 directly or indirectly ex]cises    
control ov] su* entity2  7#b7 acts ?r\gh
 su* entity z a b5eficial own]2 or  7#c7
 has receiv$ or expects to receive      
comp5sation1 f9ancial b5efit1 or        
influ5ce z a result ( ! entity's        
engagem5t 9 digital asset activities    
describ$ 9 ?is ,act4  7b7 ,def9ition (  
b5eficial own] ,9 ?is section1 & )      
respect to an entity1 ! t]m b5eficial   
own] includes any individual :o1        
directly or indirectly-- 7#a7 has a     
f9ancial int]e/ 91 or receives mat]ial  
b5efit f a digital asset issu]2  7#b7   
has ! ability to influ5ce1 direct1 or   
control decisions ( su* entity or       
digital asset activity1 :e!r =mal or    
in=mal2  7#c7 has any own]%ip int]e/ (  

#e p]c5t or m 9 su* entity1 includ+     
?r\gh tru/s1 nom9ee arrangem5ts1 or     
contractual rights2 or  7#d7 is a       
grantor1 tru/ee1 or b5efici>y ( a tru/ t
 holds su* int]e/s4  7c7 ,look-,?r\gh   
requirem5t ,any prohibition or          
disclosure requirem5t 9 ?is ,act %all   
apply to cov]$ individuals ) respect to 
any digital asset held indirectly or    
?r\gh any arrangem5t int5d$ to conceal  
b5eficial own]%ip or control4  #d4      
,def9itions ,9 ?is ,act3 7#a7 ,cov]$    
individual def9$ ,! t]m cov]$ individual
 means--  7,a7 ! ,presid5t2  7,b7 !     
,vice ,presid5t2  7,c7 a ,memb] (       
,congress2 or  7,d7 ! sp\se1 *ild1      
son-9-law1 or daught]-9-law1 z det]m9$  
"u applicable common law1 ( any         
individual describ$ 9 subp>agraph 7,a71 
7,b71 or 7,c74  7#b7  ,digital asset  ,!
 t]m digital asset means any digital    
repres5tation ( value :i* is record$ on 
a cryptographically-secur$ di/ribut$    
l$g]1 includ+ a /ableco91 a memeco91 &  
any f9ancial contract or product or     

in/rum5t t d]ives its value f a digital 
asset1 includ+--  7,a7 futures1 options1
 or swaps ref]5c+ a digital asset2  7,b7
 any security or tru/ ^: prim>y assets  
or b5*m>k are digital assets2  7,c7     
yield-be>+ digital asset products       
includ+ /ak+1 l5d+1 or dec5traliz$      
f9ance protocols2  7,d7 non-fungible    
tok5s2 &  7,e7 dec5traliz$ autonom\s    
organization tok5s4  7#c7 ,di/ribut$    
l$g] ,! t]m di/ribut$ l$g] means        
te*nology :]e data is %>$ across a      
network t creates a digital l$g] (      
v]ifi$ transactions or in=mation among  
network p>ticipants & ! data are        
typically l9k$ us+ cryptography to      
ma9ta9 ! integrity ( ! l$g] & execute   
o!r functions4  7#d7 ,memb] ( ,congress 
,! t]m ,memb] ( ,congress means a       
,s5ator or a ,repres5tative 91 or a     
,delegate or ,resid5t ,commission] to1 !
 ,congress4