H.R.1664 - Deploying American Blockchains Act of 2025 (119th Congress)
Summary
H.R.1664, the Deploying American Blockchains Act of 2025, directs the Secretary of Commerce to promote the competitiveness of the United States in blockchain technology. This includes developing policies, supporting the technology's stability and security, and establishing a Blockchain Deployment Program. The Act also mandates the creation of advisory committees and regular reports to Congress on the progress and emerging risks associated with blockchain technology.
Expected Effects
This act aims to position the US as a leader in blockchain technology. It will likely lead to increased investment and development in the blockchain sector. The Department of Commerce will play a central role in shaping blockchain policy and fostering innovation.
Potential Benefits 4/5
- Enhanced US competitiveness in the global blockchain market.
- Potential for job creation in the technology sector.
- Improved efficiency and security in various industries through blockchain applications.
- Greater innovation in areas like e-commerce, healthcare, and supply chain management.
- Increased coordination among federal agencies regarding blockchain technology.
Potential Disadvantages
- Potential for increased government regulation of blockchain technology.
- Risk of cybersecurity threats associated with blockchain applications.
- Uncertainty regarding the long-term impact of blockchain on various industries.
- Possible displacement of workers in industries disrupted by blockchain technology.
- The program terminates after 7 years, which may limit long-term planning and investment.
Constitutional Alignment 4/5
The Act appears to align with the Constitution's broad goals of promoting the general welfare (Preamble) and regulating commerce (Article I, Section 8). The establishment of advisory committees and the directive for the Secretary of Commerce to develop policies fall within the powers granted to Congress to create laws necessary and proper for carrying out its enumerated powers (Article I, Section 8, Clause 18). The Act does not appear to infringe on any specific constitutional rights or limitations.
Impact Assessment: Things You Care About
This action has been evaluated across 19 key areas that matter to citizens. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).