Sec. 502. Report on ransomware and digital assets
188 words·~1 min read·
/bill/117/hr/4741/ih/section-502·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 270 days after the date of enactment of this Act, the Department of Justice, Department of Homeland Security, Department of the Treasury, and Board of Governors of the Federal Reserve System shall jointly submit a report to the appropriate committees that— summarizes the number and size of recent ransomware attacks in the United States and the world; discusses the frequency of ransomware hackers requesting payment in digital assets and identifies the most common digital assets which are demanded; discusses the use of mixing and tumbling services and money mules to help obscure audit trail for the digital assets involved; identifies the digital asset trading platforms most frequently used in for transactions involving digital asset ransoms; and makes legislative and regulatory recommendations for addressing the problem of ransomware and digital assets.
Appropriate committees include the Committee on the Judiciary, Committee on Homeland Security, Committee on Financial Services, and the Committee on Agriculture of the House of Representatives, and the Committee on the Judiciary, Committee on Homeland Security and Governmental Affairs, Committee on Banking, Housing, and Urban Affairs, Committee on Agriculture, Nutrition, and Forestry of the Senate.