Deploying American Blockchains Act of 2025

Floor Speech

Mr. Speaker, I rise in support of H.R. 1664, the Deploying American Blockchains Act. For decades, our Nation's technological leadership has helped build the largest, most dynamic economy in the world. We must continue working to ensure that we outcompete the rest of the world because our economic rivals are trying to close the gap.

This legislation commissions the Department of Commerce to support the leadership of the United States with respect to blockchain technology, which may have useful applications for supply chain monitoring, data security, and financial transactions. Investments that strengthen the ability of American industry to realize the benefits of new technology are essential to our global competitiveness.

I am very mindful, Mr. Speaker, that the chaos of the Trump administration is undermining U.S. leadership in technology development and deployment. If my Republican colleagues are sincere in their desire to win the race to adopt advanced technologies, they will start to speak up rather than quietly stand by while the Trump administration recklessly cuts critical Federal research programs, engages in mass firings of crucial experts, and engages in wild swings in national trade policy from week to week.

House Democrats have shown our commitment to American technological leadership. The CHIPS and Science Act, for example, 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 this success rather than tear it down.

One other thing to note is that this bill should already be law. It was agreed to last year as part of a bipartisan, bicameral legislative package that was set to be passed and signed into law in December before Elon Musk killed the agreement.

That package included important provisions that would have lowered costs for hardworking Americans, but instead of passing it and sending it to the President's desk to be signed into law, my Republican colleagues caved to outside pressure from Elon Musk.

I do want to commend Representatives Cammack and Soto for their leadership on this issue. This is an important bill, and I encourage all my colleagues to support this legislation on a bipartisan basis.

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Mr. PALLONE. Mr. Speaker, I have no additional speakers. I urge support of this bill on a bipartisan basis, and I yield back the balance of my time.

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