,,ii  #aai? ,,congress  #a/ ,session    
,s4 #badc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bc1 #bjbe,mr4   
,s*iff 7= himself1 ,ms4 ,blunt ,ro*e/]1 
,ms4 ,cortez ,ma/o1 ,mr4 ,gallego1 ,mrs4
 ,gillibr&1 ,mr4 ,lujn1 ,ms4 ,slotk91   
,mr4 ,kim1 ,mr4 ,blum5?al1 & ,ms4       
,alsobrooks7 introduc$ ! foll[+ bill2   
:i* 0 read twice & ref]r$ to !          
,committee on ,homel& ,security &       
,gov]nm5tal ,affairs  ,a ,,bill  ,to    
am5d *apt] #aca ( title #e1 ,unit$      
,/ates ,code1 to prev5t f9ancial        
exploitation by public (fice hold]s1 & =
 o!r purposes4  #a4  ,%ort title  ,?is  
,act may be cit$ z ! ,curb+ ,(ficials'  
,income & ,nondisclosure 7,,co97 ,act4  
#b4  ,prohibit$ f9ancial transactions   
7a7  ,9 g5]al  ,*apt] #aca ( title #e1  
,unit$ ,/ates ,code1 is am5d$ by add+ at
 ! end ! foll[+3  ,,iv  ,f9ancial       
exploitation by a public (fice hold]    
#acaea4  ,def9itions  ,9 ?is sub*apt]3  
7#a7 ,cov]$ individual ,! t]m cov]$     
individual means an individual describ$ 

9 section #acajc7;f74  7#b7  ,endorsem5t
  ,! t]m endorsem5t includes ! use ( !  
"n & lik5ess ( an individual 9 any      
m>ket+ mat]ials relat+ to a f9ancial    
int]e/ describ$ 9 subclauses 7,i7 ?r\gh 
7,v7 ( p>agraph 7#d77;,a77i71 includ+ 9 
! title ( ! f9ancial int]e/4  7#c7      
,imm$iate family memb]  ,! t]m imm$iate 
family memb] means1 ) respect to a cov]$
 individual--  7,a7 a sp\se1 p>5t1 bro!r
 or si/]1 or *ild 7includ+ a *ild age   
#ah or old]7 ( t cov]$ individual2 or   
7,b7 an individual to :om ! cov]$       
individual /&s 9 loco p>5tis4  7#d7     
,prohibit$ f9ancial transaction  7,a7   
,9 g5]al  ,! t]m prohibit$ f9ancial     
transaction means--  7i7 any issuance1  
sponsor%ip1 or endorsem5t (-- 7,i7 a    
security 7z def9$ 9 section #c7;a7 ( !  
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;c7a777 t is a digital     
asset2  7,,ii7 a security future 7z     
def9$ 9 section #c7;a7 ( ! ,securities  
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#gh;c7a777 relat+ to a digital asset2   

7,,iii7 a commodity 7z def9$ 9 section  
#a;a ( ! ,commodity ,ex*ange ,act 7#g   
,u4,s4,c4 #a;a77 t is a digital asset2  
7,,iv7 a cryptocurr5cy1 meme co91 tok51 
non-fungible tok51 or o!r digital asset 
t is sold = remun]ation2 or  7,v7 a     
paym5t /ableco92  7ii7 any f9ancial     
int]e/ comp>able to an int]e/ describ$ 9
 subclauses 7,i7 ?r\gh 7,v7 ( 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 subclauses 7,i7 ?r\gh 
7,v7 ( 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> means 
if su* aggregation or compilation ( su* 
int]e/s con/itutes a significant portion
 ( t mutual fund1 ex*ange-trad$ fund1 or
 o!r simil> means1 z det]m9$ by !       
,secret>y ( ! ,treasury4  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  #acaeb4  ,prohibition on c]ta9 
transactions  7a7  ,prohibition  ,except
 z provid$ 9 subsection 7b71 a cov]$    
individual1 or an imm$iate family memb] 
( a cov]$ individual1 may n engage 9 a  
prohibit$ f9ancial transaction--  7#a7  
dur+ ! t]m ( s]vice ( ! cov]$           
individual2  7#b7 dur+ ! #ahj-;day p]iod
 end+ on ! date on :i* ! s]vice ( !     
cov]$ individual comm5ces2 or  7#c7 dur+
 ! #b-ye> p]iod beg9n+ on ! date on :i* 
! s]vice ( ! cov]$ individual is        
t]m9at$4  7b7  ,acts affect+ a p]sonal  
f9ancial int]e/  ,?is section %all be   
supplem5t>y 9 nature to section #bjh (  
title #ah1 & no?+ 9 ?is section %all be 
con/ru$ to limit ! application ( section
 #bjh ( title #ah4  7c7  ,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]$           
individual1 or ! imm$iate family memb] (
 a cov]$ individual1 :o violates section
 #acaeb7;a74  7b7  ,civil p5alty  ,any  
cov]$ individual1 or ! imm$iate family  
memb] ( a cov]$ individual1 :o kn[+ly   
violates section #acaeb7;a7 %all be     
subject to a civil monet>y p5alty (--   
7#a7 n m ?an #be1jjj p] violation2  7#b7
 #aj p]c5t ( ! value ( ! f9ancial int]e/
 t is ! subject ( ! prohibit$ conduct2  
or  7#c7 ! am\nt ( f9ancial ga91 if any1
 t ! cov]$ individual b5efitt$ f relat+ 
to ! prohibit$ conduct1 :i*ev] is       
great]4  7c7  ,disgorgem5t  ,a cov]$    
individual1 or ! imm$iate family memb] (
 a cov]$ individual1 :o is f\nd to h    
violat$ section #acaeb7;a7 9 a civil    
action "u subsection 7a7 ( ?is section  
%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--,f9ancial     
exploitation by a public (fice hold]    
#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 ins]t+ aft] section  
#bbj ! foll[+3  #bba4  ,prohibit$       
f9ancial transactions  7a7  ,def9itions 
,9 ?is section3 7#a7 ,cov]$ individual  
,! t]m cov]$ individual means an        
individual describ$ 9 section           
#acajc7;f74  7#b7  ,endorsem5t  ,! t]m  
endorsem5t includes ! use ( ! "n &      
lik5ess ( an individual 9 any m>ket+    
mat]ials relat+ to a f9ancial int]e/    
describ$ 9 subclauses 7,i7 ?r\gh 7,v7 ( 
p>agraph 7#c77;,a77i71 includ+ 9 ! title

 ( ! f9ancial int]e/4  7#c7  ,prohibit$ 
f9ancial transaction  7,a7  ,9 g5]al  ,!
 t]m prohibit$ f9ancial transaction     
means--  7i7 any issuance1 sponsor%ip1  
or endorsem5t (-- 7,i7 a security 7z    
def9$ 9 section #c7;a7 ( ! ,securities  
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#gh;c7a777 t is a digital asset2  7,,ii7
 a security future 7z def9$ 9 section   
#c7;a7 ( ! ,securities ,ex*ange ,act (  
#aicd 7#ae ,u4,s4,c4 #gh;c7a777 relat+  
to a digital asset2  7,,iii7 a commodity
 7z def9$ 9 section #a;a ( ! ,commodity 
,ex*ange ,act 7#g ,u4,s4,c4 #a;a77 t is 
a digital asset2  7,,iv7 a              
cryptocurr5cy1 meme co91 tok51          
non-fungible tok51 or o!r digital asset 
t is sold = remun]ation2 or  7,v7 a     
paym5t /ableco92  7ii7 any f9ancial     
int]e/ comp>able to an int]e/ describ$ 9
 subclauses 7,i7 ?r\gh 7,v7 ( 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 subclauses 7,i7 ?r\gh 
7,v7 ( 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> means 
if su* aggregation or compilation ( su* 
int]e/s con/itutes a significant portion
 ( t mutual fund1 ex*ange-trad$ fund1 or
 o!r simil> means1 z det]m9$ by !       
,secret>y ( ! ,treasury4  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  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 #acaeb ( 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 #c  
times ! monet>y equival5t ( ! ?+ (      

value1 :i*ev] is great]1 or imprison$ = 
n m ?an #ae ye>s1 or bo?1 & may be      
disqualifi$ f hold+ any (fice ( honor1  
tru/1 or pr(it "u ! ,unit$ ,/ates4  7d7 
,insid] trad+  ,any cov]$ individual :o 
kn[+ly violates section #acaeb7;a7 (    
title #e &1 9 committ+ su* violation1   
also kn[+ly violates ! provisions (     
section #aj7;b7 ( ! ,securities ,ex*ange
 ,act ( #aicd 7#ae ,u4,s4,c4 #gh;j7b77  
%all be f9$ "u ?is title or n m ?an #c  
times ! am\nt ( f9ancial ga91 if any1 t 
! individual b5efitt$ f relat+ to !     
prohibit$ conduct1 :i*ev] is great]1 or 
imprison$ = n m ?an #ae ye>s1 or bo?1 & 
may be disqualifi$ f hold+ any (fice (  
honor1 tru/1 or pr(it "u ! ,unit$       
,/ates4  7e7  ,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  7f7  ,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    
#bbj ! foll[+3  #bba4 ,prohibit$        
f9ancial transactions4  4  #d4  ,e?ics  
requirem5ts relat+ to cryptocurr5cies & 
digital assets  7a7  ,disclosure relat+ 
to cryptocurr5cies & digital assets     
,section #acajd ( title #e1 ,unit$      
,/ates ,code1 is am5d$-- 7#a7 9         
subsection 7a7--  7,a7 9 p>agraph       
7#e77;,b71 by ins]t+ cryptocurr5cies1   
meme co9s1 tok5s1 non-fungible tok5s1   
paym5t /ableco9s1 or o!r digital assets 
t are sold = remun]ation1 aft]          
commodities futures12 &  7,b7 by add+ at
 ! end ! foll[+3  7#i7  ,cryptocurr5cies
 & digital assets  ,! id5tity & category

 ( value ( any cryptocurr5cy1 meme co91 
tok51 non-fungible tok51 paym5t         
/ableco91 or o!r digital asset t is sold
 = remun]ation t has a fair m>ket value 
t exce$s #a1jjj z ( ! close ( ! prec$+  
cal5d> ye> held by ! report+ individual 
dur+ ! prec$+ cal5d> ye>4  2  7#b7 9    
subsection 7b77#a77;,b71 by /rik+ 7#c7 &
 7#d7 & ins]t+ 7#c71 7#d71 & 7#i72 &    
7#c7 9 subsection 7d77#a7-- 7,a7 9 !    
p>agraph head+1 by /rik+ 7#c71 7#d71    
7#e71 & 7#h7 & ins]t+ 7#c71 7#d71 7#e71 
7#h71 & 7#i72 &  7,b7 9 ! matt] prec$+  
subp>agraph 7,a71 by /rik+ 7#c71 7#d71  
7#e71 & 7#h7 & ins]t+ 7#c71 7#d71 7#e71 
7#h71 & 7#i74  7b7  ,acts affect+ a     
p]sonal f9ancial int]e/  ,section #bjh (
 title #ah1 ,unit$ ,/ates ,code1 is     
am5d$ by add+ at ! end ! foll[+3  7e7 ,=
 purposes ( subsection 7a71 ! t]m       
f9ancial int]e/ includes an int]e/ 9 !  
issuance1 pur*ase1 sale1 or hold+ ( a   
cryptocurr5cy1 meme co91 tok51          
non-fungible tok51 paym5t /ableco91 or  
o!r digital asset t is sold =           

remun]ation4  4  #e4  ,public (ficial   
c]tification requirem5t  7a7            
,def9itions  ,9 ?is section3 7#a7       
,p]mitt$ paym5t /ableco9 issu] ,! t]m   
p]mitt$ paym5t /ableco9 issu] means a   
paym5t /ableco9 issu] t has receiv$     
approval to op]ate "u subsection 7c74   
7#b7  ,public (ficial  ,! t]m public    
(ficial means an individual describ$ 9  
section #acajc7;f7 ( title #e1 ,unit$   
,/ates ,code4  7#c7  ,special ,gov]nm5t 
employee  ,! t]m special ,gov]nm5t      
employee has ! mean+ giv5 t t]m 9       
section #bjb7;a7 ( title #ah1 ,unit$    
,/ates ,code4  7b7  ,requirem5t  ,a     
p]mitt$ paym5t /ableco9 issu] %all      
ensure t no public (ficial %all pr(it f 
! issuance ( paym5t /ableco9s ( !       
p]mitt$ paym5t /ableco9 issu]4  7c7     
,c]tification  7#a7  ,initial           
c]tification  ,to receive approval to   
op]ate z a p]mitt$ paym5t /ableco9      
issu]1 ea* paym5t /ableco9 issu] %all   
submit to ! ,director ( ! ,(fice (      
,gov]nm5t ,e?ics & ! prim>y ,f$]al      

paym5t /ableco9 regulator ( ! paym5t    
/ableco9 issu] a c]tification t no      
public (ficial has a f9ancial int]e/    
relat$ to a p>ticul> matt] 9 :i* !      
public (ficial p>ticipates p]sonally &  
sub/antially z a ,gov]nm5t (fic] or     
employee1 includ+ z a special ,gov]nm5t 
employee1 f ! issuance ( paym5t         
/ableco9s ( ! paym5t /ableco9 issu]4    
7#b7  ,rec]tification  ,n lat] ?an #ij  
days aft] ! issuance ( ! fir/ paym5t    
/ableco9 by a p]mitt$ paym5t /ableco9   
issu]1 & on a qu>t]ly basis !reaft]1 ea*
 p]mitt$ /ableco9 issu] %all submit to !
 ,director ( ! ,(fice ( ,gov]nm5t ,e?ics
 & ! prim>y ,f$]al paym5t /ableco9      
regulator ( ! p]mitt$ paym5t /ableco9   
issu] a c]tification t no public (ficial
 has a f9ancial int]e/ relat$ to a      
p>ticul> matt] 9 :i* ! public (ficial   
p>ticipates p]sonally & sub/antially z a
 ,gov]nm5t (fic] or employee1 includ+ z 
a special ,gov]nm5t employee1 f !       
issuance ( paym5t /ableco9s ( ! p]mitt$ 
paym5t /ableco9 issu]4  7#c7  ,public   

disclosure  ,! ,director ( ! ,(fice (   
,gov]nm5t ,e?ics %all make !            
c]tifications submitt$ "u p>agraphs 7#a7
 & 7#b7 publicly available ?r\gh        
databases ma9ta9$ on ! (ficial website (
 ! ,(fice ( ,gov]nm5t ,e?ics4  7d7      
,p5alties  7#a7  ,approval revocation   
,! prim>y ,f$]al paym5t /ableco9        
regulator ( a p]mitt$ paym5t /ableco9   
issu] t does n submit a c]tification    
pursuant to subsection 7c7 %all revoke !
 approval to op]ate ( ! p]mitt$ paym5t  
/ableco9 issu]4  7#b7  ,crim9al p5alty  
7,a7  ,9 g5]al  ,any p]son t submits a  
c]tification pursuant to subsection 7c7 
t is false %all be subject to ! crim9al 
p5alties set =? "u section #ajja ( title
 #ah1 ,unit$ ,/ates ,code4  7,b7        
,ref]ral to ,attorney ,g5]al  ,if a     
,f$]al paym5t /ableco9 regulator has    
reason to believe t any p]son has       
violat$ subsection 7c71 ! ,f$]al paym5t 
/ableco9 regulator %all ref] ! matt] to 
! ,attorney ,g5]al4  #f4  ,,gao report  
to ,congress  7a7  ,def9ition  ,9 ?is   

section1 ! t]m relevant congressional   
committees means--  7#a7 ! ,committee on
 ,bank+1 ,h\s+1 & ,urban ,affairs ( !   
,s5ate2  7#b7 ! ,committee on           
,agriculture1 ,nutrition1 & ,=e/ry ( !  
,s5ate2  7#c7 ! ,committee on ,homel&   
,security & ,gov]nm5tal ,affairs ( !    
,s5ate2  7#d7 ! ,committee on ,f9ancial 
,s]vices ( ! ,h\se ( ,repres5tatives2   
7#e7 ! ,committee on ,agriculture ( !   
,h\se ( ,repres5tatives2 &  7#f7 !      
,committee on ,ov]sight & ,gov]nm5t     
,re=m ( ! ,h\se ( ,repres5tatives4  7b7 
,report  ,n lat] ?an #cfj days aft] !   
date ( enactm5t ( ?is ,act1 !           
,comptroll] ,g5]al ( ! ,unit$ ,/ates    
%all submit to ! relevant congressional 
committees a report t conta9s           
recomm5dations to update ,f$]al laws    
relat+ to e?ics & en=cem5t proc$ures    
relat+ to e?ics 9 ord] to incorporate   
any regulatory frameworks relat+ to     
digital assets adopt$ on or aft] ! date 
( enactm5t ( ?is ,act4