,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #hieg  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #ba1 #bjbf,mr4   
,begi* 7= himself1 ,mr4 ,gold5 ( ,ma9e1 
,mr4 ,van ,epps1 ,mr4 ,ow5s1 ,mr4 ,c>ey1
 ,mr4 ,c>t] ( ,georgia1 ,mr4 ,moore (   
,alabama1 ,mr4 ,h>rigan1 ,mr4 ,rulli1   
,mrs4 ,mill]-,meeks1 ,mr4 ,hamadeh (    
,arizona1 ,mr4 ,lawl]1 ,mr4 ,h>idopolos1
 ,mr4 ,coll9s1 ,mr4 ,taylor1 ,mr4 ,moore
 ( ,we/ ,virg9ia1 ,mr4 ,moore ( ,nor?   
,c>ol9a1 ,mr4 ,evans ( ,colorado1 ,mr4  
,cl9e1 ,mr4 ,mc,dowell1 ,mr4 ,ogles1 &  
,mr4 ,fong7 introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,f9ancial  
,s]vices  ,a ,,bill  ,to e/abli% a      
,/rategic ,bitco9 ,res]ve & o!r programs
 to ensure ! transp>5t managem5t (      
,bitco9 hold+s ( ! ,f$]al ,gov]nm5t1 to 
(fset co/s utiliz+ c]ta9 res\rces ( !   
,f$]al ,res]ve ,sy/em1 & = o!r purposes4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,am]ican ,res]ve ,mod]nization ,act 
( #bjbf4  #b4 ,f9d+s ,congress f9ds !   
foll[+3  7#a7 ,! global f9ancial l&scape

 is rapidly evolv+1 ) digital assets    
play+ an increas+ly significant role 9 !
 _w economy4  7#b7 ,bitco9 has          
demon/rat$ resili5ce1 widespread        
adoption1 & s]v$ z a m$ium ( ex*ange & a
 /ore ( value = m ?an a decade4  7#c7 ,j
 z gold res]ves h hi/orically s]v$ z a  
corn]/one ( national f9ancial security1 
,bitco9 repres5ts a digital-age asset   
capable ( enhanc+ ! f9ancial lead]%ip & 
security ( ! ,unit$ ,/ates 9 ! #ba/     
c5tury global economy4  7#d7 ,bitco91 z 
a dec5traliz$ & f9itely sc>ce digital   
asset1 (f]s unique prop]ties t c\ld     
complem5t exi/+ national res]ves1       
pot5tially /r5g!n+ ! position ( ! ,unit$
 ,/ates doll> 9 ! global f9ancial sy/em4
  7#e7 ,div]sification ( ! national     
assets ( ! ,unit$ ,/ates to include     
,bitco9 c\ld enhance f9ancial resili5ce 
& position ! ,unit$ ,/ates at ! =efront 
( global f9ancial innovation4  #c4      
,def9itions ,9 ?is ,act3  7#a7 ,airdrop 
,! t]m airdrop means a di/ribution (    
digital assets to hold]s ( ,bitco9 9 a  

broad1 equitable1 & non-discretion>y    
mann]4  7#b7 ,digital asset ,! t]m      
digital asset means any digital         
repres5tation ( value t is record$ on a 
cryptographically secur$ di/ribut$ l$g]4
  7#c7 ,=k ,! t]m =k means a *ange to ! 
cons5sus me*anism ( a di/ribut$ l$g] t  
creates a sep>ate l$g]1 result+ 9 a new 
digital asset t %>es a common           
transaction hi/ory ) ,bitco9 up to !    
po9t ( div]g5ce4  7#d7 ,qualify+ bitco9 
,! t]m qualify+ ,bitco9 means ,bitco9 t 
0 f9ally =feit$ z "p ( crim9al or civil 
asset =feiture proce$+s or 9            
satisfaction ( any civil money p5alty   
impos$ by any executive dep>tm5t or     
ag5cy & t is n ne$$ to satisfy          
requirem5ts "u section #igje ( title    
#ca1 ,unit$ ,/ates ,code4  7#e7         
,secret>y ,! t]m ,secret>y means !      
,secret>y ( ! ,treasury4  #d4           
,e/abli%m5t ( ,/rategic ,bitco9 ,res]ve 
& ,digital ,asset ,/ockpile  7a7        
,e/abli%m5t  7#a7 ,/rategic ,bitco9     
,res]ve ,! ,secret>y %all1 n lat] ?an   

#ahj days aft] ! date ( enactm5t ( ?is  
,act1 e/abli% a secure ,bitco9 /orage   
facility )9 ! ,dep>tm5t ( ,treasury = ! 
,unit$ ,/ates1 to be kn[n z ! ,/rategic 
,bitco9 ,res]ve1 = ! safekeep+ (        
qualify+ ,bitco9 hold+s4  7#b7 ,digital 
asset /ockpile ,! ,secret>y %all1 n lat]
 ?an #ahj days aft] ! date ( enactm5t ( 
?is ,act1 e/abli% & adm9i/] a sep>ate   
/ructure )9 ! ,dep>tm5t ( ! ,treasury1  
to be kn[n z ! ,digital ,asset          
,/ockpile1 = ! cu/ody1 managem5t1 &     
disposition ( non-,bitco9 digital assets
 held by ! ,f$]al ,gov]nm5t4  7b7       
,ov]sight ,! ,secret>y %all be          
responsible = ! ongo+ monitor+ & audit+ 
( ! hold+s ( ! ,/rategic ,bitco9 ,res]ve
 & ! ,digital ,asset ,/ockpile4  7c7    
,security measures  7#a7 ,9 g5]al ,!    
,secret>y %all implem5t physical        
security & cyb]security measures1 us+   
comm]cially reasonable & te*nologically 
appropriate /&>ds1 to protect ! qualify+
 ,bitco9 & non-,bitco9 digital assets 9 
,/rategic ,bitco9 ,res]ve & ! ,digital  

,asset ,/ockpile4  7#b7 ,consultation ,!
 ,secret>y %all consult & collaborate ) 
! ,secret>y ( ,def5se1 ! ,secret>y (    
,homel& ,security1 & indu/ry exp]ts to  
ensure ! highe/ level ( physical        
security & cyb]security = ! ,/rategic   
,bitco9 ,res]ve & ! ,digital ,asset     
,/ockpile4  7d7 ,managem5t ( assets     
7#a7 ,all qualify+ ,bitco9 acquir$ by ! 
,f$]al ,gov]nm5t %all be deposit$ 9 !   
,/rategic ,bitco9 ,res]ve4  7#b7 ,all   
o!r digital assets acquir$ by ! ,f$]al  
,gov]nm5t %all be deposit$ 9 ! ,digital 
,asset ,/ockpile4  7#c7 ,! ,secret>y    
%all h discretion to manage ! ,digital  
,asset ,/ockpile1 includ+ ?r\gh sale1   
ex*ange1 or conv]sion ( non-,bitco9     
assets1 provid$ t-- 7,a7 proce$s f su*  
disposition %all be us$ exclusively to  
increase ! hold+s ( ! ,/rategic ,bitco9 
,res]ve1 or o!rwise r$uce ! national    
debt2 &  7,b7 all transactions %all be  
conduct$ 9 a transp>5t & acc\ntable     
mann] consi/5t ) ,section #f 7,pro( (   
,res]ve ,sy/em74  7e7 ,ret5tion ( =ks & 

airdrops  7#a7 ,9 g5]al ,! ,secret>y    
%all ensure t1 ) respect to assets      
controll$ by ! ,/rategic ,bitco9 ,res]ve
 & ! ,digital ,asset ,/ockpile1 all     
digital assets result+ f =ks or airdrops
 to block*a9 addresses "u ! ,gov]nm5t's 
control are acc\nt$ = & reasonably /or$ 
9 ! ,/rategic ,bitco9 ,res]ve or        
,digital ,asset ,/ockpile1 z applicable4
  7#b7 ,prohibition on imm$iate sale ,no
 digital asset /or$ 9 ! ,/rategic       
,bitco9 ,res]ve or ,digital ,asset      
,/ockpile t is ! result ( a =k or       
airdrop may be sold or o!rwise dispos$ (
 dur+ ! #e-ye> p]iod beg9n+ on ! date ( 
! =k or airdrop1 unless explicitly      
au?oriz$ by law4  7#c7 ,evaluation &    
disposition aft] ! hold+ p]iod  7,a7    
,m>ket capitalization assessm5t ,^u !   
expiration ( ! #e-ye> hold+ p]iod       
describ$ 9 p>agraph 7#b71 ! ,secret>y   
%all conduct an assessm5t to det]m9e :i*
 digital asset result+ f a =k has !     
highe/ publicly trad$ m>ket             
capitalization4  7,b7 ,ret5tion (       

dom9ant asset ,! ,secret>y %all reta9 ! 
digital asset ) ! highe/ publicly trad$ 
m>ket capitalization t result$ f ! =k4  
7,c7 ,disposition ( non-dom9ant assets  
,! ,secret>y may sell1 auction1 or      
o!rwise dispose ( any digital assets    
result+ f ! =k o!r ?an ! asset id5tifi$ 
pursuant to subp>agraph 7,b71 ) !       
proce$s f su* disposition to be deposit$
 9 ! g5]al fund ( ! ,treasury4  7,d7    
,exception = novel utility ,if !        
,secret>y1 9 consultation ) ! ,secret>y 
( ,comm]ce & indu/ry exp]ts1 det]m9es t 
a non-dom9ant =k$ asset possesses novel 
te*nological utility or /rategic value  
to ! ,unit$ ,/ates di/9ct f ! dom9ant   
asset1 ! ,secret>y may recomm5d to      
,congress ! ret5tion ( su* asset1       
not)/&+ subp>agraph 7,c74  7f7          
,regulatory au?ority  7#a7 ,9 g5]al ,to 
ensure ! effective implem5tation &      
adm9i/ration ( ?is ,act1 ! ,secret>y is 
au?oriz$ to issue regulations1          
promulgate rules1 & adopt int]nal       
proc$ures consi/5t ) ! purposes &       

provisions ( ?is ,act4 ,su* regulations 
may include1 b are n limit$ to1 rules   
gov]n+ cu/ody protocols1 int]ag5cy      
coord9ation1 digital asset acc\nt+      
/&>ds1 & public report+ requirem5ts4    
7#b7 ,sales ( qualify+ bitco9  7,a7 ,9  
g5]al ,if ! ,secret>y makes a           
det]m9ation "u subsection 7a7 or        
subsection 7b7 t x is 9 ! int]e/ ( !    
,unit$ ,/ates to sell qualify+ ,bitco9  
held 9 ! ,res]ve1 ! ,secret>y may only  
sell su* qualify+ ,bitco9 if-- 7i7 !    
,secret>y issues a rule t e/abli%es a   
process ?r\gh :i* ! ,unit$ ,/ates %all  
sell su* qualify+ ,bitco92 &  7ii7 !    
,secret>y sells ! qualify+ ,bitco9 9    
accordance ) su* rule4  7,b7 ,priorities
 ,! ,secret>y %all prioritize transp>5cy
 & ! m9imization ( m>ket disruption :5  
e/abli%+ any process ?r\gh :i* ! ,unit$ 
,/ates w sell qualify+ ,bitco9 held 9 ! 
,res]ve4  7,c7 ,requir$ disclosures ,any
 process e/abli%$ by rule "u subp>agraph
 7,a7 ?r\gh :i* ! ,unit$ ,/ates %all    
sell qualify+ ,bitco9 held 9 ! ,res]ve  

%all include a public disclosure (-- 7i7
 ! sale s*$ule = su* qualify+ ,bitco92  
7ii7 ! quantity ( qualify+ ,bitco9 to be
 sold2 &  7iii7 any additional in=mation
 ! ,secret>y det]m9es appropriate to    
publicly disclose4  #e4 ,res]ve asset   
hold+ requirem5ts  7a7 ,m9imum hold+    
p]iod ,to ensure ! long-t]m /ability &  
security ( ! ,/rategic ,bitco9 ,res]ve1 
! ,secret>y %all hold all ,bitco9       
acquir$ by ! ,unit$ ,/ates & deposit$ 9 
! ,/rategic ,bitco9 ,res]ve1 reg>dless (
 acquisition me?od1 = n less ?an #bj    
ye>s f ! date ( enactm5t ( ?is act2 aft]
 ! date ( enactm5t ( ?is ,act1 !        
,secret>y %all hold all ,bitco9 acquir$ 
by ! ,unit$ ,/ates & deposit$ 9 !       
,/rategic ,bitco9 ,res]ve1 reg>dless (  
acquisition me?od1 = n less ?an #bj ye>s
 f ! date ( deposit 9 ! ,/rategic       
,bitco9 ,res]ve4  7b7 ,ret5tion ( bitco9
 ,dur+ ! m9imum hold+ p]iod "u          
subsection 7a71 no ,bitco9 held 9 !     
,/rategic ,bitco9 ,res]ve may be sold1  
swapp$1 auction$1 encumb]$1 or o!rwise  

dispos$ ( = any purpose4  7c7           
,recomm5dations aft] hold+ p]iod  7#a7  
,9 g5]al ,on ! date t is #b ye>s be=e ! 
end ( ! m9imum hold+ p]iod "u subsection
 7a71 ! ,secret>y %all submit to        
,congress recomm5dations on :e!r to     
cont9ue to volunt>ily hold or to all[ = 
! gradual & controll$ release ( a       
portion ( ! hold+s ( ! ,/rategic ,bitco9
 ,res]ve4  7#b7 ,recomm5dation ,^u !    
expiration ( ! m9imum hold+ p]iod1 !    
,secret>y may recomm5d sell+ up to #aj  
p]c5t ( ! assets ( ! ,/rategic ,bitco9  
,res]ve dur+ any #b-ye> p]iod4  7#c7    
,consid]ations ,:5 mak+ ! recomm5dation 
"u p>agraph 7#b71 ! ,secret>y %all      
consid]-- 7,a7 ! pot5tial impact on !   
national deficit ( sell+ qualify+       
,bitco9 held 9 ! ,res]ve2  7,b7 !       
long-t]m viability ( ,bitco9 z a        
/rategic inve/m5t ( ! ,unit$ ,/ates2    
7,c7 ! pot5tial effects on ! ,bitco9    
m>ket & o!r digital asset m>kets ( sell+
 qualify+ ,bitco9 held 9 ! ,res]ve2     
7,d7 h[ ! level ( div]sification ( !    

assets held by ! ,unit$ ,/ates c\ld be  
impact$ by sell+ qualify+ ,bitco9 held 9
 ! ,res]ve2 &  7,e7 h[ ! f9ancial       
position & resili5ce ( ! ,unit$ ,/ates  
c\ld be impact$ by sell+ qualify+       
,bitco9 held 9 ! ,res]ve4  7d7  ,/udy   
,to sell be=e m9imum hold+ p]iod  ,n    
lat] ?an #a ye> aft] ! date ( ! enactm5t
 ( ?is ,act1 ! ,secret>y %all submit to 
! ,congress a /udy :i* describes--  7#a7
 appropriate conditions 9 :i* to sell   
qualify+ ,bitco9 be=e ! m9imum hold+    
p]iod describ$ 9 subsection 7a72 &  7#b7
 any exceptions t ! ,secret>y f9ds      
appropriate to ! m9imum hold+ p]iod     
describ$ 9 subsection 7a71 includ+ =    
national security & f9ancial /ability   
purposes4  #f4 ,pro( ( res]ve sy/em ,to 
ensure transp>5cy & acc\ntability 9 !   
managem5t ( ! ,/rategic ,bitco9 ,res]ve1
 ! ,secret>y %all e/abli% an ongo+ ,pro(
 ( ,res]ve sy/em ( public cryptographic 
atte/ation "u :i*-- 7#a7 ! ,secret>y    
%all--  7,a7 publi% qu>t]ly reports on !
 ,/rategic ,bitco9 ,res]ve t include    

detail$ in=mation on ! total hold+s1    
transactions1 & demon/rat$ control (    
private keys relat+ to ! ,/rategic      
,bitco9 ,res]ve1 includ+ a public       
cryptographic atte/ation2  7,b7 make !  
qu>t]ly reports available to ! public on
 an (ficial website ( ! ,dep>tm5t (     
,treasury2 &  7,c7 select an indep5d5t1 
?ird-p>ty auditor ) exp]tise 9          
cryptographic atte/ations to v]ify !    
accuracy & integrity ( ! qu>t]ly        
reports2 &  7#b7 ! ,comptroll] ,g5]al ( 
! ,unit$ ,/ates %all1 to ensure         
compliance ) ?is ,act1 conduct regul>   
ov]sight (--  7,a7 ! ,/rategic ,bitco9  
,res]ve2  7,b7 ! qu>t]ly reports "u     
p>agraph 7#a77;,a72 &  7,c7 ! audits "u 
p>agraph 7#a77;,c74  #g4 ,consolidation 
( gov]nm5t bitco9 & digital asset hold+s
  7a7 ,tempor>y cu/ody & inv5tory  7#a7 
,)9 #fj days aft] ! date ( enactm5t (   
?is ,act1 ! head ( ea* ,f$]al ag5cy %all
 provide to ! ,secret>y a complete      
acc\nt+ ( all ,bitco9 & any o!r digital 
assets held1 seiz$1 or o!rwise "u !     

control ( su* ag5cy4  7#b7 ,until !     
,/rategic ,bitco9 ,res]ve & ,digital    
,asset ,/ockpile h be5 fully e/abli%$ & 
c]tifi$ op]ational pursuant to section  
#d7;a71 ea* ,f$]al ag5cy %all reta9     
cu/ody ( its ,bitco9 hold+s 9 accordance
 ) exi/+ law1 includ+ any physical or   
cyb]security protections1 subject to !  
prohibition 9 subsection 7b74  7b7      
,prohibition on sale or encumbrance ,no 
,bitco9 "u ! control ( any ,f$]al ag5cy 
may be sold1 swapp$1 auction$1 encumb]$1
 or o!rwise dispos$ ( dur+ ! int]im     
p]iod prec$+ ! op]ational c]tification (
 ! ,/rategic ,bitco9 ,res]ve1 except--  
7#a7 = purposes ( national security2 or 
7#b7 z requir$ by a c\rt ( compet5t     
jurisdiction or to return assets to     
id5tifiable victims ( crime4  7c7       
,transf] to ,/rategic ,bitco9 ,res]ve or
 ,digital ,asset ,/ockpile  7#a7 ,^u    
c]tification by ! ,secret>y t !         
,/rategic ,bitco9 ,res]ve & ,digital    
,asset ,/ockpile is fully op]ational &  
capable ( secure cu/ody1 all ,bitco9 &  

o!r digital asset hold+s ( any ,f$]al   
ag5cy %all be transf]r$ to ! ,/rategic  
,bitco9 ,res]ve or ,digital ,asset      
,/ockpile1 z applicable1 )9 #cj days4   
7#b7 ,transf]s "u ?is subsection %all be
 execut$ "u secure cu/ody proc$ures     
e/abli%$ by ! ,secret>y to ensure !     
integrity1 traceability1 & full         
auditability ( all ,bitco9 & o!r digital
 assets transf]r$4  #h4 ,volunt>y /ate  
p>ticipation & segregat$ acc\nts  7a7   
,volunt>y /ate p>ticipation ,! ,secret>y
 %all e/abli% a program t all[s a ,/ate 
to volunt>ily p>ticipate 9 /or+ !       
,bitco9 hold+s ( ! ,/ate 9 ! ,/rategic  
,bitco9 ,res]ve 9 a segregat$ acc\nt4   
7b7 ,p>ticipation requirem5ts ,a ,/ate  
*oos+ to p>ticipate 9 ! program e/abli%$
 "u subsection 7a7 %all sign a          
contractual agreem5t outl9+ ! t]ms &    
conditions ( p>ticipation1 :i* %all     
include--  7#a7 ! responsibilities ( bo?
 ! ,/ate & ! ,/rategic ,bitco9 ,res]ve 9
 manag+ & secur+ ! ,bitco9 hold+s ( !   
,/ate 9 ! segregat$ acc\nt ( ! ,/ate2   

7#b7 a requirem5t t ! ,/ate1 9          
coord9ation ) ! ,secret>y1 develop &    
implem5t appropriate security protocols 
& access controls to ensure ! integrity 
& confid5tiality ( ! segregat$ acc\nt ( 
! ,/ate2 &  7#c7 ret5tion ( title1 & all
 att5dant legal int]e/s1 by ! ,/ate 9 ! 
,bitco9 held 9 ! segregat$ acc\nt1      
includ+ title to any digital asset t is 
! result ( a =k or airdrop relat+ to su*
 ,bitco94  7c7 ,)draw or transf] ,ea*   
,/ate p>ticipat+ 9 ! program e/abli%$ "u
 subsection 7a7 %all h ! "r to )draw or 
transf] ! cont5ts ( ! segregat$ acc\nt (
 ! ,/ate )9 ! ,/rategic ,bitco9 ,res]ve1
 subject to ! t]ms & conditions 9 !     
sign$ contractual agreem5t "u subsection
 7b7 & any applicable ,f$]al            
regulations4  7d7 ,limitation (         
liability ,any agreem5t ent]$ into "u   
subsection 7b7 %all include an explicit 
ackn[l$gm5t by ! ,/ate t digital asset  
cu/ody c>ries inh]5t risks t _c be      
elim9at$ completely1 & t ! ,/ate assumes
 all risks associat$ ) ! volunt>y       

placem5t ( its digital assets 9 !       
,/rategic ,bitco9 ,res]ve4  #i4 ,/udy on
 budget neutral /rategies = bitco9      
acquisition  7a7 ,/udy ,! ,secret>y ( ! 
,treasury & ! ,secret>y ( ,comm]ce %all 
jo9tly /udy1 )9 #ahj days aft] ! date ( 
enactm5t ( ?is ,act1 ! risks1 co/s1 &   
pot5tial b5efits ( ! acquisition (      
additional bitco9 ov] ! next #e ye>s1 to
 be held )9 ! ,/rategic ,bitco9 ,res]ve1
 & :e!r x is possible = su* acquisition 
to be p]=m$ 9 a budget neutral mann] t  
does n1 9 practice1 increase ! national 
debt nom9ally or economically4  7b7     
,objectives ,! /udy "u subsection 7a7   
%all-- 7#a7 evaluate :e!r !re are       
lawful1 budget-neutral me*anisms1 by :i*
 ! ,unit$ ,/ates may acquire ,bitco92   
7#b7 id5tify & evaluate ! full co/ (    
acquisitions1 nom9ally & economically1 (
 bitco9s ?r\gh me*anisms includ+-- 7,a7 
conv]sion ( non-,bitco9 digital assets  
held 9 ! ,digital ,asset ,/ockpile2     
7,b7 /ructur$ acquisition fund$ by      
discretion>y surplus remittances f      

,f$]al ,res]ve ,banks or revaluation (  
gold c]tificates held by ! ,f$]al       
,res]ve ,banks2  7,c7 receipt ( ,bitco9 
?r\gh civil or crim9al =feiture         
proce$+s1 p5alties1 or settlem5ts2  7,d7
 tax paym5ts1 t>iff rev5ues1 volunt>y   
contributions1 beque/s1 or gifts made to
 ! ,unit$ ,/ates2 or  7,e7 coop]ative   
programs ) ,/ates1 private entities1 or 
int]national p>tn]s = ,bitco9           
acquisition or cu/ody2 &  7#c7 id5tify  
:e!r any su* acquisitions c\ld be       
budget-neutral1 mean+ !y d n require new
 appropriations or impose net co/s on   
,unit$ ,/ates taxpay]s or ! ,f$]al      
,gov]nm5t & its ag5cies or increase !   
national debt nom9ally or economically4 
7c7 ,report+ & transp>5cy ,! ,secret>y (
 ! ,treasury & ! ,secret>y ( ,comm]ce   
%all submit to ! ,committees on ,bank+1 
,h\s+1 & ,urban ,affairs & ,f9ance ( !  
,s5ate & ! ,committees on ,f9ancial     
,s]vices & ,ways & ,means ( ! ,h\se (   
,repres5tatives-- 7#a7 an initial /udy  
)9 #ahj days aft] enactm5t2 &  7#b7     

annual updates !reaft] detail+ new      
f9d+s4  ,ea* annual report %all include 
a detail$ acc\nt+ ( project$ bitco9     
acquisitions' full co/s & b5efits to    
,unit$ ,/ates taxpay]s & ! ,f$]al       
,gov]nm5t & its ag5cies & to ! national 
debt nom9ally & economically4  7d7      
,limitation ,no?+ 9 ?is section %all be 
con/ru$ to au?orize any borr[+1 new     
taxation1 or deficit sp5d+ = ! purpose (
 acquir+ ,bitco94  #aj4 ,protection (   
private prop]ty rights  7a7 ,rules (    
con/ruction ,no?+ 9 ?is ,act %all be    
con/ru$ to-- 7#a7 au?orize ! ,f$]al     
,gov]nm5t to seize1 confiscate1 or      
o!rwise impair any prop]ty "r 9 !       
lawfully acquir$ ,bitco9 hold+s ( any   
p]son2  7#b7 infr+e ^u ! rights (       
individuals1 bus9esses1 or organizations
 to pur*ase1 hold1 transf]1 or dispose (
 ,bitco9 9 accordance ) ! law2 or  7#c7 
o!rwise affect ! functions ( ! director 
( ! ,(fice ( ! ,managem5t & ,budget     
relat+ to budget>y1 adm9i/rative1 or    
legislative proposals4  7b7 ,affirmation

 ( rights ,?is ,act affirms & protects !
 rights ( p]sons to ma9ta9 full lawful  
control ov] ! ,bitco9 & o!r digital     
assets ( ^? individuals1 recogniz+ t !  
ability to ma9ta9 self-cu/ody ( private 
keys is fundam5tal to ! pr9ciples (     
f9ancial sov]eignty1 privacy1 & p]sonal 
lib]ty 9 ! digital age4  #aa4           
,modification ( ex*ange /abilization    
fund ,section #ecjb7;c7 ( title #ca1    
,unit$ ,/ates ,code1 is am5d$--  7#a7 9 
p>agraph 7#a71 by ins]t+ 1 includ+ a    
detail$ acc\nt+ ( any ,bitco9           
transactions & hold+s aft] all project$ 
liabilities2 &  7#b7 9 p>agraph 7#b71 by
 ins]t+ 1 includ+ a specific acc\nt+ (  
any ,bitco9 acquir$1 sold1 or held by ! 
fund dur+ ye> prec$+ ! report aft] on ! 
op]ation ( ! fund4