Russia Cryptocurrency Transparency Act

Summary

Russia Cryptocurrency Transparency Act This bill requires the Department of State to appoint a Director of Digital Currency Security and take other actions related to digital currencies. The director shall be a part of the State Department's Office of Economic Sanctions Policy and Implementation and shall be responsible for issues related to digital currencies and U.S. sanctions, including assisting in the development of sanctions policies that are resilient to digital currency use by malevolent actors. The bill also requires the State Department to notify Congress before making a reward in cryptocurrency under an existing program that authorizes rewards for information leading to the arrest or conviction of parties responsible for certain criminal acts. (Current law allows such rewards to consist of money, nonmonetary items, or both.) The State Department must report to Congress on any cryptocurrency payments made under the rewards program, including any justification for using cryptocurrency for such rewards. The bill also requires the State Department to report to Congress on (1) the possible uses of cryptocurrencies or other blockchain-related technologies to provide aid to Ukraine, and (2) an assessment of how digital currencies can affect the effectiveness and enforcement of U.S. sanctions relating to Russia's invasion of Ukraine. (Blockchain is a digital ledger technology that allows for transactions without a trusted intermediary, such as a bank.)

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 31 March 2022

   Introduced

   Referred to the Committee on Foreign Affairs, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 31 March 2022

   Introduced

   Introduced in House

   Source: IntroReferral

3. 31 March 2022

   Introduced

   Introduced in House

   Source: IntroReferral

4. 5 April 2022

   Reported

   Ordered to be Reported (Amended) by Voice Vote.

   Source: Committee

5. 5 April 2022

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

6. 19 September 2022

   Vote

   At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

   Source: Floor

7. 19 September 2022

   Floor

   DEBATE - The House proceeded with forty minutes of debate on H.R. 7338.

   Source: Floor

8. 19 September 2022

   Floor

   Considered under suspension of the rules. (consideration: CR H7904-7906)

   Source: Floor

9. 19 September 2022

   Floor

   Mr. Malinowski moved to suspend the rules and pass the bill, as amended.

   Source: Floor

10. 20 September 2022

    Passed

    The title of the measure was amended. Agreed to without objection.

    Source: Floor

11. 20 September 2022

    Passed

    Pursuant to section 2 of H. Res. 1361, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 1433, as amended; H.R. 4009, as amended; H.R. 4358, as amended; H.R. 6265; H.R. 6846, as amended; H.R. 7240, as amended; H.R. 7338, as amended; H.R. 8453, as amended; H.R. 8503, as amended; and H.R. 8520, as amended; and the following resolution was agreed to under suspension of the rules: H. Res. 558, as amended. (consideration: CR H7984-7992; text: CR H7986-7987)

    Source: Floor

12. 20 September 2022

    Passed

    Passed/agreed to in House: Pursuant to section 2 of H. Res. 1361, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 1433, as amended; H.R. 4009, as amended; H.R. 4358, as amended; H.R. 6265; H.R. 6846, as amended; H.R. 7240, as amended; H.R. 7338, as amended; H.R. 8453, as amended; H.R. 8503, as amended; and H.R. 8520, as amended; and the following resolution was agreed to under suspension of the rules: H. Res. 558, as amended.

    Source: Floor

13. 20 September 2022

    Floor

    Pursuant to the provisions of H. Res. 1361, proceedings on H.R. 7338 are considered vacated.

    Source: Floor

14. 21 September 2022

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Referred in Senate · 21 September 2022 · Official file
• Engrossed in House · 20 September 2022 · Official file
• Introduced in House · 31 March 2022 · Official file

Documents

8 official files

• Referred in Senate (text)

  Referred in Senate · EN · 21 September 2022

  ViewDownloadOpen at official source

• Referred in Senate (PDF)

  Referred in Senate · EN · 21 September 2022

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN · 20 September 2022

  ViewDownloadOpen at official source

• Engrossed in House (PDF)

  Engrossed in House · EN · 20 September 2022

  ViewDownloadOpen at official source

• Passed House

  summary · EN · 20 September 2022

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 31 March 2022

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 31 March 2022

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 31 March 2022

  Open at official source

Sponsors

• Rep. Meeks, Gregory W. [D-NY-5] · D · Sponsor
• Rep. McCaul, Michael T. [R-TX-10] · R · Sponsor
• · ssfr00 · Standing
• · hsfa00 · Standing
• · hsba00 · Standing

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