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Analyze HR9697 - Cyber Letters of Marque and Reprisal Act | DoTheySupportIt

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Analyze HR9697 - Cyber Letters of Marque and Reprisal Act

HR9697

Cyber Letters of Marque and Reprisal Act

This legislation would authorize the President to issue cyber letters of marque and reprisal, commissioning private entities to conduct cyber operations against foreign cyberthreats. In the context of digital assets, these authorized actions include tracking, seizing, and repatriating stolen cryptocurrencies to American victims. The bill aims to combat ransomware and crypto-enabled scams by leveraging private sector capabilities, providing liability protection for operators, and establishing bounty programs funded by a portion of the recovered digital assets, all with the stated goal of allowing lawful digital asset innovation to grow safely.

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