What is the official ID of this bill?
The official print number for this legislation is S 4251.
Mined in America Act: Boosting Domestic Crypto Mining and Security
This act promotes US-made hardware for Bitcoin mining and AI to reduce reliance on foreign adversaries. It offers tax breaks and federal funding for certified companies that strengthen the national economy and power grid.
Key points
Establishment of a voluntary certification program for mining facilities using hardware from the US or friendly nations.
Capital gains tax exemption for certified miners who sell their Bitcoin to the newly created Strategic Bitcoin Reserve.
Access to federal loans and grants for upgrading digital infrastructure to improve energy grid reliability.
A mandatory phase-out of mining hardware manufactured by foreign adversaries by the year 2030 for certified participants.
Status:
Introduced
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