Hillary Scholten (D-MI)
Currency Options, Information, and Navigation Act
A Democratic bill with no cosponsors
Last activity — Referred to the House Committee on Small Business.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill is known as the Currency Options, Information, and Navigation Act. It requires the Small Business Administration to create and maintain educational resources and modules about digital assets for small businesses. These resources must be made publicly available on an existing online learning platform within 180 days of the bill's enactment. The bill details what topics the educational materials must cover, such as the benefits, risks, tax implications, and security concerns of using digital assets. It also directs the Administrator to consult with various federal agencies and establish an Advisory Working Group to help recommend and review information for these modules. Finally, the bill states that no additional amounts are authorized to carry out its requirements.
Yes· 3 of 5
- Scored +6
Does this make it easier to run a small business?
The bill directs the Small Business Administration to create educational resources and modules to help small businesses navigate digital assets.
- Scored +6
Would business owners be better off under this?
Small business owners benefit directly from comprehensive, neutral education regarding digital assets and associated risks.
- Scored +4
Does this give people more protection from unfair business practices?
It incorporates expert guidance on avoiding scams, security risks, and taxation issues related to digital assets.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Educational Support for Small Businesses: Section 2 (adding new Section 49(a) to the Small Business Act) requires the Administrator to establish and maintain educational resources and modules with information on digital assets for small businesses, making them publicly available online. This could positively benefit small business owners by helping them critically evaluate digital assets using publicly accessible information.
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Risk and Tax Awareness: Section 2 (adding new Section 49(b)) mandates that the educational resources include information on the benefits and risks of digital assets, including tax implications, security risks, and how to avoid those security risks. This provision helps protect small business owners from unforeseen tax burdens and security threats by providing clear guidance.
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Guidance on Third-Party Vendors and Payment Gateways: Section 2 (adding new Section 49(b)(3) and (4)) requires information on deciding whether to use third-party vendors for digital asset transactions—evaluating fees, processing times, and compliance—as well as methods used by digital asset payment gateways. This can help business owners make informed financial decisions and avoid costly mistakes when handling digital payments.
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Accurate and Balanced Information: Section 2 (adding new Section 49(c) and (g)) ensures that the information is factually accurate, current, easily comprehensible, and does not give preference to a digital asset model or tool developed by a specific entity. By consulting with numerous federal agencies and an Advisory Working Group, the bill aims to provide unbiased and reliable guidance for the public.
Potential Negative Impacts for People
Based on the provided text, there are no specific sections or provisions identified that create direct negative consequences, burdens, or harms for individuals or groups of people in the United States.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this make it easier to run a small business? — The bill directs the Small Business Administration to create educational resources and modules to help small businesses navigate digital assets. Does this give people more protection from unfair business practices? — It incorporates expert guidance on avoiding scams, security risks, and taxation issues related to digital assets. Does this reduce what the federal government spends? — The bill explicitly prohibits authorizing any additional funds to carry out its requirements, managing expenses.
- Demographic And Interest Groups
- Would business owners be better off under this? — Small business owners benefit directly from comprehensive, neutral education regarding digital assets and associated risks.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The legislation establishes clear and neutral informational resources and working groups to inform the public transparently.
- 9/15/2026
- Referred to the House Committee on Small Business.
- Introduced in House