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Roy Blunt

Roy Blunt (R)

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Crypto bill sponsorship

Sen. Roy Blunt has put out 2 crypto bills.

Sanction and Stop Ransomware Act of 2021

S. 2666

117th Congress

Bill pending

This bill addresses ransomware threats to national security.

Specifically, the bill

  • requires the promulgation of mandatory cybersecurity standards for critical infrastructure entities;

  • requires the instituting of regulatory requirements for cryptocurrency exchanges operating within the United States to reduce the anonymity of users and accounts suspected of ransomware activity;

  • deems ransomware threats to critical infrastructure a national intelligence priority component to the National Intelligence Priorities Framework; and

  • authorizes monitoring of the internet, including the dark web, for evidence of a compromise to critical infrastructure.

The Department of State shall annually

  • designate as a state sponsor of ransomware any country the government which has provided support for ransomware demand schemes (including by providing safe haven for individuals engaged in such schemes), and

  • submit to Congress a report listing the designated countries.

The National Intelligence Agency shall submit a report to specified congressional committees on the implications of the ransomware threat to national security.

The Cybersecurity and Infrastructure Security Agency (CISA) shall establish ransomware operation reporting capabilities to facilitate the submission of timely, secure, and confidential ransomware notifications by federal agencies and covered entities to CISA. In addition, CISA shall establish a public awareness campaign related to the cybersecurity services of the government.

The bill also establishes the Information System and Network Security Fund. Any amounts in the fund may be distributed to eligible entities for a specific network security purpose, including to enable network recovery from an event affecting network cybersecurity.

United States Innovation and Competition Act of 2021

S. 1260

117th Congress

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.

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