,,ii ,cal5d> ,no4 #ga #aai? ,,congress #a/ ,session ,s4 #affh ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,may #g1 #bjbe,mr4 ,m]kley 7= himself1 ,mr4 ,s*um]1 ,ms4 ,w>r51 ,ms4 ,hirono1 ,mr4 ,van ,holl51 ,mr4 ,re$1 ,mrs4 ,gillibr&1 ,ms4 ,cortez ,ma/o1 ,mr4 ,wyd51 ,mr4 ,s&]s1 ,mr4 ,kim1 ,ms4 ,alsobrooks1 ,mr4 ,book]1 ,mr4 ,m>key1 ,ms4 ,duckwor?1 ,ms4 ,slotk91 ,mr4 ,kelly1 ,ms4 ,blunt ,ro*e/]1 ,mr4 ,blum5?al1 & ,mrs4 ,%ahe57 introduc$ ! foll[+ bill2 :i* 0 read ! fir/ "t ,may #h1 #bjbe,read ! second "t & plac$ on ! cal5d> ,a ,,bill ,to am5d *apt] #aca ( title #e1 ,unit$ ,/ates ,code1 to prohibit ! ,presid5t1 ,vice ,presid5t1 ,memb]s ( ,congress1 & individuals appo9t$ to ,s5ate-confirm$ positions f issu+1 sponsor+1 or endors+ c]ta9 f9ancial in/rum5ts1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,end ,crypto ,corruption ,act ( #bjbe4 #b4 ,prohibit$ f9ancial transactions 7a7 ,9 g5]al ,*apt] #aca ( title #e1 ,unit$ ,/ates ,code1 is am5d$ by add+ at ! end ! foll[+3 ,,iv ,prohibit$ f9ancial transactions #acaea4 ,def9itions ,9 ?is sub*apt]3 7#a7 ,cov]$ individual ,! t]m cov]$ individual means-- 7,a7 ! ,presid5t2 7,b7 ! ,vice ,presid5t2 7,c7 a ,memb] ( ,congress2 7,d7 an individual appo9t$ to a ,s5ate-confirm$ position2 or 7,e7 a special ,gov]nm5t employee 7z def9$ 9 section #bjb ( title #ah7 associat$ ) ! ,executive ,(fice ( ! ,presid5t4 7#b7 ,dep5d5t *ild2 ,memb] ( ,congress ,! t]ms dep5d5t *ild & ,memb] ( ,congress h ! mean+s giv5 ^? t]ms 9 section #acaja4 7#c7 ,directly ,! t]m directly means by virtue ( ! own]%ip or b5eficial int]e/ ( a cov]$ individual1 or ! sp\se or dep5d5t *ild ( a cov]$ individual1 9 a f9ancial int]e/ describ$ 9 p>agraph 7#e77;,a74 7#d7 ,indirectly ,! t]m indirectly means by virtue ( ! f9ancial int]e/ ( a cov]$ individual1 or ! sp\se or dep5d5t *ild ( a cov]$ individual1 9 a bus9ess entity1 p>tn]%ip int]e/1 company1 inve/m5t fund1 tru/1 or o!r ?ird p>ty 9 :i* ! cov]$ individual1 or ! sp\se or dep5d5t *ild ( a cov]$ individual1 has an own]%ip or b5eficial int]e/4 7#e7 ,prohibit$ f9ancial transaction 7,a7 ,9 g5]al ,! t]m prohibit$ f9ancial transaction means-- 7i7 any issuance1 sponsor%ip1 or endorsem5t ( a cryptocurr5cy1 meme co91 tok51 non-fungible tok51 /ableco91 or o!r digital asset t is sold = remun]ation2 7ii7 any f9ancial int]e/ comp>able to an int]e/ describ$ 9 clause 7i7 t is acquir$ ?r\gh syn!tic means1 su* z ! use ( a d]ivative1 includ+ an option1 w>rant1 or o!r simil> means2 or 7iii7 any f9ancial int]e/ comp>able to an int]e/ describ$ 9 clause 7i7 t is acquir$ z "p ( an aggregation or compilation ( su* int]e/s ?r\gh a mutual fund1 ex*ange-trad$ fund1 or o!r simil> means4 7,b7 ,exclusions ,! t]m prohibit$ f9ancial transaction does n include ! m]e pur*ase1 sale1 hold+1 or o!r conduct relat+ to f9ancial in/rum5ts or assets r\t9ely accessible to any memb] ( ! public4 7#f7 ,s5ate-confirm$ position ,! t]m ,s5ate-confirm$ position means a position 9 a dep>tm5t or ag5cy ( ! executive bran* ( ! ,unit$ ,/ates = :i* appo9tm5t is requir$ to be made by ! ,presid5t1 by & ) ! advice & cons5t ( ! ,s5ate4 #acaeb4 ,prohibition on c]ta9 transactions 7a7 ,prohibition ,except z provid$ 9 subsection 7b71 a cov]$ individual1 or ! sp\se or dep5d5t *ild ( a cov]$ individual1 may n engage directly or indirectly 9 a prohibit$ f9ancial transaction-- 7#a7 dur+ ! t]m ( s]vice ( ! cov]$ individual2 or 7#b7 dur+ ! #a-ye> p]iod beg9n+ on ! date on :i* ! s]vice ( ! cov]$ individual is t]m9at$4 7b7 ,liability & immunity ,= purposes ( any immunities to civil liability1 any conduct relat+ to a prohibit$ f9ancial transaction "u ?is section %all be deem$ an un(ficial act & beyond ! scope ( ! (ficial duties ( ! relevant cov]$ individual4 #acaec4 ,civil p5alties 7a7 ,civil action ,! ,attorney ,g5]al may br+ a civil action 9 any appropriate di/rict c\rt ( ! ,unit$ ,/ates aga9/ any cov]$ individual :o violates section #acaeb7;a74 7b7 ,civil p5alty ,any cov]$ individual :o kn[+ly violates section #acaeb7;a7 %all be subject to a civil monet>y p5alty equal to n m ?an #aj p]c5t ( ! value ( ! f9ancial int]e/ t is ! subject ( ! prohibit$ conduct1 or ! am\nt ( f9ancial ga91 if any1 t ! cov]$ individual b5efitt$ f relat+ to ! prohibit$ conduct1 :i*ev] is great]4 7c7 ,disgorgem5t ,a cov]$ individual :o is f\nd to h violat$ section #acaeb7;a7 9 a civil action "u subsection 7a7 %all disgorge to ! ,treasury ( ! ,unit$ ,/ates any pr(it f ! prohibit$ conduct t is ! subject ( t civil action4 4 7b7 ,cl]ical am5dm5t ,! table ( sections = *apt] #aca ( title #e1 ,unit$ ,/ates ,code1 is am5d$ by add+ at ! end ! foll[+3 ,,sub*apt] ,,iv--,prohibit$ f9ancial transactions #acaea4 ,def9itions4 #acaeb4 ,prohibition on c]ta9 transactions4 #acaec4 ,civil p5alties4 4 #c4 ,crim9al p5alties relat+ to prohibit$ f9ancial transactions 7a7 ,9 g5]al ,*apt] #aa ( title #ah1 ,unit$ ,/ates ,code1 is am5d$ by add+ at ! end ! foll[+3 #bbg;,a4 ,prohibit$ f9ancial transactions 7a7 ,def9itions ,9 ?is section3 7#a7 ,cov]$ individual ,! t]m cov]$ individual means-- 7,a7 ! ,presid5t2 7,b7 ! ,vice ,presid5t2 7,c7 a ,memb] ( ,congress2 7,d7 an individual appo9t$ to a ,s5ate-confirm$ position2 or 7,e7 a special ,gov]nm5t employee 7z def9$ 9 section #bjb7 associat$ ) ! ,executive ,(fice ( ! ,presid5t4 7#b7 ,memb] ( ,congress ,! t]m ,memb] ( ,congress has ! mean+ giv5 t t]m 9 section #acaja ( title #e4 7#c7 ,prohibit$ f9ancial transaction 7,a7 ,9 g5]al ,! t]m prohibit$ f9ancial transaction means-- 7i7 any issuance1 sponsor%ip1 or endorsem5t ( a cryptocurr5cy1 meme co91 tok51 non-fungible tok51 /ableco91 or o!r digital asset t is sold = remun]ation2 or 7ii7 any f9ancial int]e/ comp>able to an int]e/ describ$ 9 clause 7i7 t is acquir$ ?r\gh syn!tic means1 su* z ! use ( a d]ivative1 includ+ an option1 w>rant1 or o!r simil> means4 7,b7 ,exclusions ,! t]m prohibit$ f9ancial transaction does n include ! m]e pur*ase1 sale1 hold+1 or o!r conduct relat+ to f9ancial in/rum5ts or assets r\t9ely accessible to any memb] ( ! public4 7#d7 ,s5ate-confirm$ position ,! t]m ,s5ate-confirm$ position means a position 9 a dep>tm5t or ag5cy ( ! executive bran* ( ! ,unit$ ,/ates = :i* appo9tm5t is requir$ to be made by ! ,presid5t1 by & ) ! advice & cons5t ( ! ,s5ate4 7b7 ,b5efitt+ f prohibit$ f9ancial transaction ,any cov]$ individual :o-- 7#a7 kn[+ly violates any provision ( section #acaeb7;a7 ( title #e2 & 7#b7 ?r\gh su* violation-- 7,a7 causes an aggregate loss ( n less ?an #a1jjj1jjj to #a or m p]sons 9 ! ,unit$ ,/ates2 or 7,b7 b5efits f9ancially1 ?r\gh pr(it1 ga91 or advantage1 directly or indirectly ?r\gh any family memb] or bus9ess associate ( ! cov]$ individual1 f ! sale1 pur*ase1 or di/ribution ( ! f9ancial int]e/ describ$ 9 subsection 7a77#c77;,a77i7 issu$1 sponsor$1 or endors$ 9 violation ( section #acaeb7;a7 ( title #e1 %all be f9$ "u ?is title1 imprison$ = n m ?an #e ye>s1 or bo?4 7c7 ,brib]y ,any cov]$ individual :o-- 7#a7 kn[+ly violates any provision ( section #acaeb7;a7 ( title #e2 & 7#b7 directly or indirectly1 corruptly dem&s1 seeks1 receives1 accepts1 or agrees to receive or accept any ?+ ( value p]sonally or = any o!r p]son or entity1 9 return =-- 7,a7 be+ influ5c$ 9 ! p]=mance ( any (ficial act2 7,b7 be+ influ5c$ to commit or aid 9 committ+1 or to collude 91 or all[1 any fraud1 or make opportunity = ! commission ( any fraud1 on ! ,unit$ ,/ates2 or 7,c7 be+ induc$ to d or omit to d any act 9 violation ( ! (ficial duty ( su* (ficial or p]son1 %all be f9$ "u ?is title or n m ?an #b times ! monet>y equival5t ( ! ?+ ( value1 :i*ev] is great]1 or imprison$ = n m ?an #e ye>s1 or bo?1 & may be disqualifi$ f hold+ any (fice ( honor1 tru/1 or pr(it "u ! ,unit$ ,/ates4 7d7 ,int5t ,to incur crim9al liability "u ?is section1 x %all n be requir$ t a cov]$ individual int5d$ to create a f9ancial int]e/ describ$ 9 subsection 7a77#c77;,a77i7 ?r\gh ! issuance1 sponsor%ip or endorsem5t ( ! f9ancial int]e/ describ$ 9 subsection 7a77#c77;,a77i74 7e7 ,liability & immunity ,= purposes ( any immunities to civil & crim9al liability1 any conduct relat+ to a prohibit$ f9ancial transaction "u ?is section %all be deem$ an un(ficial act & beyond ! scope ( (ficial duties ( ! relevant cov]$ individual4 4 7b7 ,cl]ical am5dm5t ,! table ( sections = *apt] #aa ( title #ah1 ,unit$ ,/ates ,code1 is am5d$ by ins]t+ aft] ! item relat+ to section #bbg ! foll[+3 #bbg;,a4 ,prohibit$ f9ancial transactions4 4 ,may #h1 #bjbe,read ! second "t & plac$ on ! cal5d>