The legislation - introduced on Nov. 8 by Reps. Abigail Spanberger, D-Va., and Zach Nunn, R-Iowa - is designed to address cybersecurity concerns associated with the use of technologies from Chinese government-linked firms.
The bill specifically names five companies with ties to Chinese firms that would be barred from selling blockchain technologies and services to the U.S. government.
That report would, in part, assess risks 'relating to transactions using covered distributed ledger technology and blockchain equipment or services'.
#legislation #blockchain technologies #Chinese Communist Party #national security risks #cybersecurity concerns #federal agencies #Chinese firms
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