Sponsors
11 Republican
Nancy MaceSC-1
This bill directs the Secretary of Veterans Affairs to conduct a comprehensive study on the use of distributed ledger technology (DLT) within the Department of Veterans Affairs. The study aims to evaluate DLT's feasibility, benefits, and risks for improving claims adjudication, enhancing data integrity, and preventing fraud and abuse in the Department's benefits administration systems. It also provides specific definitions for distributed ledger and distributed ledger technology.
The bill is generally positive for the crypto industry as it promotes the exploration and potential adoption of distributed ledger technology (DLT) within a major federal agency. The "Sense of Congress" explicitly recognizes DLT as offering "promising solutions for enhancing data integrity, security, and transparency," indicating a favorable view of the underlying technology. The study's focus on improving benefits allocation, managing insurance programs, and maintaining records, alongside fraud prevention, highlights practical and beneficial applications of DLT. While it is only a study and does not directly implement crypto, it serves as an enabling step towards greater understanding and potential integration of DLT-based solutions, which is a strong pro-innovation signal. The bill defines DLT broadly, encompassing various forms of distributed ledgers, which is also a positive indicator of an open and inclusive approach to the technology.
Every member who has sponsored, cosponsored or voted on this bill. Pick a vote to see how each member voted on it, or narrow by party, name or state.
1 Republican