Congresswoman Doris Matsui (D-CA), Vice Chair of the House Energy and Commerce Communications and Technology Subcommittee, and Congressman Brett Guthrie (R-KY), both members of the House Energy and Commerce Consumer Protection and Commerce Subcommittee, and Senator Todd Young and Senator Ed Markey, members of the Senate Committee on Commerce, Science, and Transportation today introduced the Blockchain Promotion Act of 2019. This legislation would establish a working group of stakeholders across the federal government and private industry to establish a common definition of blockchain.
"Opportunities to deploy blockchain technology range from greatly increased transparency, efficiencies and security in supply chains to more-opportunistically managing next generation broadband networks," said Congresswoman Matsui. "This bipartisan, bicameral bill will bring a broad group of stakeholders together to develop a common definition of blockchain, and, perhaps even more importantly, recommend opportunities to leverage the technology to promote new innovations. I am pleased to work with Congressman Brett Guthrie and Senator Ed Markey and Senator Todd Young on this effort and look forward to ensuring our efforts maintain the pace of rapidly advancing technologies."