Deploying American Blockchains Act of 2023

Floor Speech

Mr. Speaker, I rise in support of H.R. 6572, the Deploying American Blockchains Act. For decades, our Nation's technological leadership has helped build the largest, most dynamic economy in the world, but we must continue working to ensure we outcompete the rest of the world because our economic rivals are trying to close the gap.

Last Congress, House Democrats championed historic legislation, the Chips and Science Act, that President Biden signed into law.

This bill makes transformational investments in research and development, science and technology, and the workforce of the future.

It will help us maintain our Nation's leadership in the industries of tomorrow, including nanotechnology, clean energy, quantum computing, and artificial intelligence.

The Chips and Science Act is already making a huge difference, but we must build on its success. H.R. 6572, the Deploying American Blockchains Act, commissions the Department of Commerce to support the leadership in the United States with respect to blockchain technology, which may have useful applications for supply chain monitoring, data security, and financial transactions.

I commend Representatives Blunt Rochester, Dingell, and Bucshon for their leadership on this issue, and I encourage all of my colleagues to support this bipartisan bill.

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Mr. PALLONE. Mr. Speaker, I will close by saying that, again, this is important in terms of our competitiveness globally.

I ask all our colleagues to vote in favor of this bill on a bipartisan basis, and I yield back the balance of my time.

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