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US National Strategy for Distributed Ledger Technology Development

This act aims to establish a national strategy for the development of distributed ledger technologies (DLT), such as blockchain. This means the US government will support research and development in these technologies, potentially impacting data security, digital service efficiency, and new commercial opportunities. The goal is also to examine potential risks and benefits for citizens.
Key points
The US government will develop a national strategy for distributed ledger technologies (DLT), including blockchain, to boost innovation and competitiveness.
Funding for DLT research aims to improve data security, privacy, and efficiency of digital services, potentially affecting daily transactions and online interactions.
The act mandates an analysis of potential benefits (e.g., lower transaction costs, better privacy protection) and risks (e.g., software vulnerabilities, fraud, environmental impact) associated with DLT to protect consumers.
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Additional Information
Print number: 117_S_4109
Sponsor: Sen. Wicker, Roger F. [R-MS]
Process start date: 2022-04-28
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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

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

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4109.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-04-28.

What are the main provisions?

Key points include:

  • The US government will develop a national strategy for distributed ledger technologies (DLT), including blockchain, to boost innovation and competitiveness.
  • Funding for DLT research aims to improve data security, privacy, and efficiency of digital services, potentially affecting daily transactions and online interactions.
  • The act mandates an analysis of potential benefits (e.g., lower transaction costs, better privacy protection) and risks (e.g., software vulnerabilities, fraud, environmental impact) associated with DLT to protect consumers.
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 Sen. Wicker, Roger F. [R-MS].

What is the latest detailed status?

The latest detailed status is: Placed on Senate Legislative Calendar under General Orders. Calendar No. 630.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Informatization Economy Security