Not adopted
This amendment was never taken up, and the bill finished without it. It was never voted on.
Its path through Congress
- Introduced
- Pending Consideration
- Failed
What this amendment would do
This amendment changes the International Emergency Economic Powers Act.
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It allows the President to use certain authorities regarding blockchain-enabled smart contracts, or similar technology, regardless of whether those contracts are owned, can be modified, or operate autonomously.
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The amendment adds specific definitions for terms used in the act.
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It defines "interest" to include any interest of any nature, whether direct, indirect, present, future, contingent, legal, equitable, or beneficial.
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It defines "person" and "national" to include individuals, any entity, association, group, or organization, and any body of persons joined by common purpose or interest.
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It defines "property" to include real, personal, or mixed property, whether tangible or intangible, even if it is ownerless or abandoned, as well as any services or contracts.
- 5/21/2025
- Senate amendment submitted
This bill has no cosponsors