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Blockchain Study for Small Businesses and Consumer Protection

This Act requires the Small Business Administration (SBA) to conduct a study on the use of blockchain technology. The goal is to explore how blockchain can help small businesses protect data, prevent fraud in lending programs, and improve service delivery. The study's findings aim to enhance security and efficiency for entrepreneurs.
Key points
The Small Business Administration (SBA) will study how blockchain technology can protect small business data from cyberattacks and fraud.
The study aims to find ways to improve SBA lending programs, making them safer and more efficient through blockchain.
A report with recommendations from the study will be submitted to Congress within one year of the Act's enactment.
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Expired
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Additional Information
Print number: 117_HR_6597
Sponsor: Rep. Salazar, Maria Elvira [R-FL-27]
Process start date: 2022-02-03
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Blockchain Solutions for Small Businesses Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6597.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-02-03.

What are the main provisions?

Key points include:

  • The Small Business Administration (SBA) will study how blockchain technology can protect small business data from cyberattacks and fraud.
  • The study aims to find ways to improve SBA lending programs, making them safer and more efficient through blockchain.
  • A report with recommendations from the study will be submitted to Congress within one year of the Act's enactment.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Salazar, Maria Elvira [R-FL-27].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

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