Sec. 904. Report on energy consumption in crypto asset markets
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/bill/118/s/2281/is/section-904·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than December 31 of each year, the Administrator of the Energy Information Administration shall submit to the Committees on Energy and Natural Resources and Environment and Public Works of the Senate and the Committees on Energy and Commerce and Natural Resources of the House of Representatives, and make publicly available in a machine-readable format, a report containing an analysis of the following topics with respect to crypto assets: Energy consumption for mining and staking of crypto asset transactions in the financial services industry. The effect of energy consumption described in paragraph
(1)on national, regional, and local energy prices. The effects of mining and staking of crypto asset transactions on baseload power levels. The use of renewable energy sources or nonrenewable energy sources for powering crypto asset mining operations that would otherwise be expended. A comparison of crypto asset market energy consumption with the energy consumption of the financial services industry and economy as a whole. The sources and reliability of the data used to analyze the topics described in paragraphs
(1)through (5). The Administrator of the Energy Information Administration shall prepare the report under subsection
(a)in consultation with the Commodity Futures Trading Commission and the Securities and Exchange Commission.