Currency Options, Information, and Navigation Act

This bill would require the Small Business Administration (SBA) to create and maintain free online educational resources for small businesses about digital assets, such as stablecoins, on an existing SBA learning platform. The materials would cover benefits and risks, tax and security issues, choosing third-party vendors to handle transactions, payment gateways, and differences between types of digital assets. The SBA would consult with several federal financial agencies and a new advisory working group made up of government, industry, academic, tax, and consumer and investor advocacy members. The resources must be set up within 180 days of the law taking effect, and the bill authorizes no additional funding.

Full text and official record on Congress.gov

Sponsors

• Hillary J. Scholten Democrat sponsor
• 0 cosponsors