To amend the Small Business Act to help small business concerns critically evaluate digital assets, and for other purposes.

Hillary J. Scholten

Democrat · MI · Representative

Source: Congress.gov · FEC

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Referred to the House Committee on Small Business.

2026-09-15

Source: Congress.gov

Plain-English summary pending. Introduced on 2026-09-15. Check back soon — summaries are generated as bills progress through Congress.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 10399 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 10399 To amend the Small Business Act to help small business concerns critically evaluate digital assets, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES September 15, 2026 Ms. Scholten introduced the following bill; which was referred to the Committee on Small Business _______________________________________________________________________ A BILL To amend the Small Business Act to help small business concerns critically evaluate digital assets, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Currency Options, Information, and Navigation Act''. SEC. 2. DIGITAL ASSET EDUCATIONAL RESOURCES AND MODULES FOR SMALL BUSINESS CONCERNS. (a) In General.--The Small Business Act (15 U.S.C. 631 et seq.) is amended-- (1) by redesignating section 49 as section 50; and (2) by inserting after section 48 the following new section: ``SEC. 49. DIGITAL ASSET EDUCATIONAL RESOURCES AND MODULES FOR SMALL BUSINESS CONCERNS. ``(a) In General.--The Administrator shall-- ``(1) establish and maintain educational resources and modules for small business concerns with information on digital assets; and ``(2) make such educational resources and modules publicly available on an existing online learning platform of the Administration. ``(b) Contents.--The educational resources and modules established under subsection (a) shall include, to the extent practicable, information on-- ``(1) the benefits and risks of using digital assets in the operations of small business concerns, including tax implications and security risks; ``(2) avoidance of security risks associated with such use of digital assets; ``(3) deciding whether to use a third-party vendor to handle digital asset transactions, including evaluating fees and rates, processing and settlement times, compliance and risk, reporting requirements, and any additional features of a digital asset transaction; ``(4) methods used by digital asset payment gateways and resources for the use of such gateways by customers of such concerns, including supporting infrastructure necessary to facilitate transactions; and ``(5) the differences between types of digital assets, including stablecoins, and the unique risks associated with using digital assets. ``(c) In General.--To the extent practicable, the Administrator shall ensure that the information contained in the educational resources and modules established under subsection (a) is factually accurate and current, including by consulting with-- ``(1) the Director of the National Institute of Standards and Technology; ``(2) the Secretary of Commerce; ``(3) Secretary of the Treasury; ``(4) the Advisory Working Group established under subsection (d); ``(5) the Board of Governors of the Federal Reserve System; ``(6) the Comptroller of the Currency; ``(7) the Federal Deposit Insurance Corporation; ``(8) the National Credit Union Administration Board; ``(9) the Securities and Exchange Commission; ``(10) the Commodity Futures Trading Commission; and ``(11) the head of any other Federal agency, as determined by the Administrator. ``(d) Advisory Working Group.-- ``(1) Establishment.--The Administrator shall establish a working group (in this subsection referred to as the `Advisory Working Group') with which the Administrator shall consult on an ongoing basis regarding the information contained in the educational resources and modules established under subsection (a). ``(2) Duties.--The duties of the Advisory Working Group shall include the identification and recommendation of relevant information to the Administrator for inclusion in the educational resources and modules established under subsection (a). ``(3) Members.--The Advisory Working Group shall be comprised of the following members, who shall be selected by the Administrator: ``(A) At least one individual representing the Financial Crimes Enforcement Network of the Department of the Treasury. ``(B) At least one individual who is a tax professional…

with expertise in digital asset taxation. ``(C) Individuals with demonstrated expertise in digital assets, including-- ``(i) not less than one individual from the private sector; ``(ii) not less than one individual from academia; ``(iii) not less than one individual from an organization with demonstrated expertise in ensuring digital asset outputs are reliable, secure, transparent, and not used for illegal purposes; and ``(iv) not less than one individual with demonstrated expertise in the creation of educational or professional development materials regarding digital assets. ``(D) Individuals with demonstrated expertise in outreach to small business concerns, including-- ``(i) not less than one individual from each resource partner; ``(ii) not less than one individual from a district office of the Administration; and ``(iii) not less than one individual from an association representing small business concerns. ``(E) A financial services consumer advocate. ``(F) An investor advocate for financial services. ``(G) An individual with demonstrated expertise on the ongoing risks arising from scams and fraudulent activity related to the use of digital assets. ``(4) Vacancies.--Any vacancy in the Advisory Working Group shall be filled in the same manner as the original appointment. ``(5) Inapplicability of faca.--The requirements of chapter 10 of title 5, United States Code, shall not apply to the Advisory Working Group established under this paragraph. ``(e) Incorporation of Information in Educational Resources and Modules.--In establishing and maintaining the educational resources and modules under subsection (a), the Administrator-- ``(1) shall consider relevant, existing information developed by resource partners, financial services consumer advocates, and investor advocates for financial services; and ``(2) may incorporate information described in subparagraph (A) into such educational resources and modules. ``(f) Resource Partner Involvement.--The Administrator shall coordinate with resource partners to disseminate information to raise the awareness of small business concerns about availability of the educational resources and modules established under subsection (a). ``(g) Manner.--The Administrator shall ensure that the information in the educational resources and modules established under subsection (a)-- ``(1) is actionable and presented in a manner that is easily comprehensible by small business concerns; and ``(2) does not give preference to a digital asset model or tool developed by a specific entity or group of entities. ``(h) Digital Asset Defined.--In this section, the term `digital asset' has the meaning given such term in section 2 of the GENIUS Act (12 U.S.C. 5901).''. (b) Deadline.--The Administrator of the Small Business Administration shall establish the educational resources and modules required by section 49 of the Small Business Act (15 U.S.C. 631 et seq.), as added by this Act, not later than 180 days after the date of the enactment of this Act. SEC. 3. COMPLIANCE WITH CUTGO. No additional amounts are authorized to carry out this Act or the amendments made by this Act. <all>

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