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Todd Young

Todd Young (R)

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Notable statements

Sen. Todd Young has 1 statement(s) about crypto.

"China hopes its centralized digital currency and blockchain networks will provide new opportunities for financial surveillance and control. The Say No to the Silk Road Act will help us better understand these risks and identify ways to protect the American people. Fostering American private sector innovation in digital finance is the solution, not Chinese Trojan horses. #crypto @FinancialCaucus"

@SenToddYoung March 11, 2022 on Twitter

Crypto bill sponsorship

Sen. Todd Young has put out 3 crypto bills.

Blockchain Promotion Act of 2021

S. 1869

117th Congress

Sponsored
Bill pending

This bill directs the Department of Commerce to establish the Blockchain Working Group to submit a report to Congress which contains a recommended definition of the distributed ledger technology commonly referred to as blockchain technology, and other specified recommendations regarding this technology.

United States Innovation and Competition Act of 2021

S. 1260

117th Congress

Co-sponsored
Bill pending

This bill addresses U.S. technology and communications, foreign relations and national security, domestic manufacturing, education, trade, and other matters.

Among other provisions, the bill

  • provides funding for FY2022-FY2026 to support U.S. semiconductor manufacturing, research and development, and supply chain security;

  • provides funding for wireless supply chain innovation;

  • establishes a Directorate for Technology and Innovation in the National Science Foundation;

  • extends through 2025 the authority of the National Aeronautics and Space Administration (NASA) to lease its non-excess real property and related personal property;

  • authorizes various programs and policies related to space exploration;

  • authorizes various international affairs programs and activities, including foreign assistance for the Indo-Pacific region;

  • requires federal infrastructure programs to provide for the use of materials produced in the United States;

  • imposes sanctions on China for cybersecurity and human rights abuses;

  • requires the Department of Health and Human Services to consider national security risks associated with sensitive genetic information;

  • includes initiatives related to elementary and secondary education, including those to increase computer science education;

  • contains provisions related to higher education, including those reauthorizing through FY2027 international education programs and addressing China's influence on institutions of higher education;

  • modifies and expands the schedule for graduated merger filing fees;

  • prohibits federal funding for the Wuhan Institute of Virology;

  • requires the U.S. Trade Representative to take certain actions related to digital trade and censorship practices; and

  • extends through 2027 the Generalized System of Preferences.

A Bill to Require a Study on the National Security Implications of the People's Republic of China's Efforts to Create an Official Digital Currency

S. 2543

117th Congress

Co-sponsored
Bill pending

This bill requires the President to report to Congress on the national security risks associated with any plans by China's government to create an official digital currency.

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