To prohibit certain actions and require reporting to defend against the economic and national security risks posed by foreign adversarial blockchain networks, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To prohibit certain actions and require reporting to defend against the economic and national security risks posed by foreign adversarial blockchain networks, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Technology, Government Operations.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H56C372299AB94924BE423DB3CA22E063: 1. Short title This Act may be cited as the Creating Legal Accountability for Rogue Innovators and Technology Act of 2023 or the CLARITY Act of 2023.
- Section H166348DE01FD40AEB280DA718CC36AB5: 2. Findings; sense of Congress Congress finds the following: Blockchain service activities by governments and organizations that are adversaries of the United...
- Section HDEDE51FEC9D445029F16C6D72FF22217: 3. Prohibitions relating to covered distributed ledger technology and blockchain equipment or services No head of an executive agency may acquire, or enter...
- Section H0CF122B876124DD1A58D12B564E1F1D0: 4. Reports to defend against risks posed by covered distributed ledger technology and blockchain equipment or services Not later than 180 days after the date...
- Section H8F216630844E4D92B7E0BDA4295E7F40: 5. Recommendations for Congress Not later than 90 days after each date on which a report is submitted under section 4, the Secretary of the Treasury, the...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To prohibit certain actions and require reporting to defend against the economic and national security risks posed by foreign adversarial blockchain networks, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Technology, Government Operations
Primary Purpose
This bill, To prohibit certain actions and require reporting to defend against the economic and national security risks posed by foreign adversarial blockchain networks, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Nunn of Iowa (for himself and Ms. Spanberger) introduced …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_defense"
- → Secretary of Defense
- "secretary_of_commerce"
- → Secretary of Commerce
- "secretary_of_treasury"
- → Secretary of the Treasury
- "secretary_of_homeland_security"
- → Secretary of Homeland Security
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology