[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 3784 Introduced in Senate (IS)]
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117th CONGRESS
2d Session
S. 3784
To require the Secretary of Commerce to submit to Congress a report
relating to the blockchain-based service network of the People's
Republic of China, and for other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
March 8 (legislative day, March 7), 2022
Mrs. Blackburn (for herself, Mr. Tuberville, Mr. Braun, Mr. Young, Mr.
Cruz, Ms. Lummis, Mr. Scott of Florida, Mr. Cassidy, and Mrs. Hyde-
Smith) introduced the following bill; which was read twice and referred
to the Committee on Foreign Relations
_______________________________________________________________________
A BILL
To require the Secretary of Commerce to submit to Congress a report
relating to the blockchain-based service network of the People's
Republic of China, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Say No to the Silk Road Act''.
SEC. 2. DEFINITIONS.
In this Act:
(1) Digital yuan.--The term ``digital yuan'' means the
sovereign digital currency of the People's Bank of China, or
any successor sovereign digital currency of the People's
Republic of China.
(2) Network.--The term ``Network'' means the blockchain-
based service network of the People's Republic of China.
(3) Relevant congressional committees.--The term ``relevant
congressional committees'' means--
(A) the Committee on Commerce, Science, and
Transportation of the Senate;
(B) the Committee on Foreign Relations of the
Senate;
(C) the Committee on Armed Services of the Senate;
(D) the Committee on Finance of the Senate;
(E) the Committee on Armed Services of the House of
Representatives;
(F) the Committee on Foreign Affairs of the House
of Representatives;
(G) the Committee on Energy and Commerce of the
House of Representatives; and
(H) the Committee on Ways and Means of the House of
Representatives.
(4) Secretary.--The term ``Secretary'' means the Secretary
of Commerce.
SEC. 3. REPORT ON THE NETWORK.
(a) Report.--Not later than 270 days after the date of enactment of
this Act, the Secretary shall submit to Congress a report--
(1) on--
(A) the Network;
(B) the operations of the Network in the United
States;
(C) the privacy implications associated with the
collection of data of citizens of the United States by
the Network; and
(D) the participation of companies headquartered in
the United States and companies located in the United
States in assisting with the operations of the Network
or performing work to expand the Network, including--
(i) with respect to the applications or
technical capabilities of the Network; and
(ii) the geographic scope of the Network,
such as--
(I) expanding the Network to be
used in the United States and countries
participating in the Foreign Military
Financing Program; and
(II) constructing data centers of
the Network in the United States and
countries participating in the Foreign
Military Financing Program; and
(2) that includes--
(A) the goals of the Network in developing
blockchain infrastructure;
(B) an assessment of whether the involvement in the
Network of the Government of the People's Republic of
China and entities owned by the Government of the
People's Republic of China may pose any risk to
economic and national security interests of the United
States; and
(C) the privacy and security implications
associated with the collection of data of citizens of
the United States by the Network.
(b) Recommendations.--Not later than 1 year after the date of
enactment of this Act, the Secretary shall submit to the relevant
congressional committees recommendations relating to the report
submitted under subsection (a).
SEC. 4. REPORT ON TRADE ENFORCEMENT ACTIONS WITH RESPECT TO SOVEREIGN
DIGITAL CURRENCY OF PEOPLE'S REPUBLIC OF CHINA.
Not later than 1 year after the date of the enactment of this Act,
the Secretary shall submit to the relevant congressional committees a
report--
(1) assessing how trade enforcement actions relating to the
digital yuan would affect the United States; and
(2) making recommendations with respect to mitigating the
effects of such actions.
SEC. 5. REPORT ON EFFECT OF SOVEREIGN DIGITAL CURRENCY OF PEOPLE'S
REPUBLIC OF CHINA ON TRADE AND INVESTMENT AGREEMENTS.
Not later than 1 year after the date of the enactment of this Act,
the United States Trade Representative shall submit to the relevant
congressional committees a report--
(1) assessing the ways in which shifts to the use of the
digital yuan by other countries as a settlement or reserve
currency could affect trade and investment agreements to which
the United States is a party; and
(2) making recommendations with respect to mitigating the
effects of such shifts.
SEC. 6. USE OF DIGITAL YUAN BY EXECUTIVE AGENCIES.
(a) Definitions.--In this section--
(1) the term ``executive agency'' has the meaning given
that term in section 133 of title 41, United States Code; and
(2) the term ``information technology'' has the meaning
given that term in section 11101 of title 40, United States
Code.
(b) Use of Digital Yuan.--Not later than 60 days after the date of
enactment of this Act, the Director of the Office of Management and
Budget, in consultation with the Administrator of General Services, the
Director of the National Institute of Standards and Technology, the
Director of the Cybersecurity and Infrastructure Security Agency, the
Director of National Intelligence, and the Secretary of Defense, and
consistent with the information security requirements under subchapter
II of chapter 35 of title 44, United States Code, shall develop strict
guidance for executive agencies requiring adequate security measures
for any transfer, storage, or use of digital yuan on information
technology.
SEC. 7. DIGITAL YUAN DISCLOSURE REQUIREMENT FOR FOREIGN MILITARY
FINANCING PARTNER COUNTRIES.
Any government of a country receiving assistance through the
Foreign Military Financing Program shall be required, as a condition
for receiving such assistance, to disclose to the Secretary of State if
that government uses digital yuan as a settlement or reserve currency.
SEC. 8. DEPARTMENT OF STATE WARNING ABOUT DANGERS OF DIGITAL YUAN.
Not later than 90 days after the date of the enactment of this Act,
the Secretary of State shall include on a publicly available internet
website of the Department of State a warning to United States citizens
traveling to the People's Republic of China about the dangers of the
digital yuan.
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