Another blockchain-related bill has been introduced in the U.S. House of Representatives.
This one, HR 6913, is sponsored by Energy and Commerce Subcommittee members Doris Matsui, D-Calif., and Brett Guthrie, R-Ky. It would create a working group to study blockchain technology and create a “common definition” to be used by federal agencies.
According to Matsui’s press release, the bill, called the “Blockchain Promotion Act of 2018,” would “direct the Department of Commerce to establish a blockchain working group to recommend a consensus-based definition of the technology. The working group would also consider recommendations for the National Telecommunications and Information Administration (NTIA) and Federal Communications Commission (FCC) to undertake a study that would examine the potential impact of blockchain on spectrum policy and opportunities for the adoption of blockchain to promote efficiencies within the Federal government.”
While all this studying is going on, a check under “blockchain” on Congress.gov shows this is not the only legislation introduced in the House to look at blockchain technology. For instance, several bills were introduced late last month by Minnesota Republican Tom Emmer, a co-chair of the Congressional Blockchain Caucus, to reduce the potential regulation of blockchain and cryptocurrencies in the U.S.