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S. 553 (116th): Blockchain Promotion Act of 2019

We don’t have a summary available yet.

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Dec 11, 2020.

Blockchain Promotion Act of 2019

This bill directs the Department of Commerce to establish the Blockchain Working Group to submit a report to Congress which contains a recommended definition of the distributed ledger technology commonly referred to as blockchain technology, and other specified recommendations regarding this technology.

Members of the working group shall serve without receiving any pay.