Blockchain Promotion Act of 2019

Senate Bill 553 - Blockchain Promotion Act of 2019: Overview, Status, and Impact

Hozzl · 2022-11-01T16:47:43Z

Explore the details of Senate Bill 553 Blockchain Promotion Act of 2019 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Science, Technology, Communications. Stay informed on legislative developments.

11/1/2022, 4:47 PM

Congressional Summary of S 553

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.

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Current Status of Bill S 553

Bill S 553 is currently in the status of Bill Introduced since February 26, 2019. Bill S 553 was introduced during Congress 116 and was introduced to the Senate on February 26, 2019. Bill S 553's most recent activity was Placed on Senate Legislative Calendar under General Orders. Calendar No. 373. as of December 17, 2019

Bipartisan Support of Bill S 553

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 553

Primary Policy Focus

Science, Technology, Communications

Potential Impact Areas

- Advisory bodies

- Computers and information technology

- Congressional oversight

- Currency

- Digital media

- Intergovernmental relations

- Internet and video services

- Internet, web applications, social media

Alternate Title(s) of Bill S 553

Blockchain Promotion Act of 2019

A bill to direct the Secretary of Commerce to establish a working group to recommend to Congress a definition of blockchain technology, and for other purposes.