S 4109 United States Senate · 117th Congress

National R & D Strategy for Distributed Ledger Technology Act of 2022

Summary
National R & D Strategy for Distributed Ledger Technology Act of 2022 This bill provides for a national strategy and research and development regarding technologies related to distributed ledgers (e.g., blockchain or Bitcoin). A distributed ledger is a ledger that is shared across and synchronized between a set of distributed nodes (i.e., devices or processes) in a network that store a complete or partial replica of the ledger and meet other requirements. The Office of Science and Technology Policy must develop a national strategy for the research and development of distributed ledger technologies and their applications, including applications of public and permissionless distributed ledgers. The office must coordinate with the National Science and Technology Council and other relevant federal agencies, as appropriate, on the strategy. The national strategy shall include plans to support public and private sector investment and partnerships in research and technology development for societally beneficial applications of distributed ledger technologies, and an identification of additional resources, administrative action, or legislative action recommended to assist with the implementation of such strategy. The National Science Foundation shall make competitive awards to institutions of higher education or nonprofit organizations (or their consortia) to support research, including interdisciplinary research, on distributed ledger technologies and their applications. The National Institute of Standards and Technology may carry out an applied research project to study and demonstrate the potential benefits and unique capabilities of distributed ledger technologies.
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2022
Committee Review
Floor Vote
President
Introduced Apr 28, 2022 Last action Dec 12, 2022
Floor votes

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Full legislative history

Actions timeline

Total actions
5
Key actions
2
Committee
3
Dec 12, 2022
Upper · Passed
Committee on Commerce, Science, and Transportation. Reported by Senator Cantwell with an amendment in the nature of a substitute. Without written report.
upper
May 25, 2022
Upper · Passed
Committee on Commerce, Science, and Transportation. Ordered to be reported with an amendment in the nature of a substitute favorably.
upper
Apr 28, 2022
Committee
Read twice and referred to the Committee on Commerce, Science, and Transportation.
upper
Apr 28, 2022
Introduced
Introduced in Senate
upper
1 primary · 5 co-sponsors

Sponsors