PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the House Committee on Small Business.
Congressional Research Service
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People & committees
Rep. Scholten, Hillary J. [D-MI-3] · D–MI
Legislative record
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Referred to the House Committee on Small Business.
Introduced in House
Introduced in House
Primary sources
Text links open the official source. We also preserved the text version used in the PlainBill explanation below.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Sep 22, 2026. Consult Congress.gov for the current record.
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PlainBill explanation
Based on the full Introduced in House · 2026-09-15 text. This explanation has not received human editorial review. This overview describes the proposal’s major provisions; it does not establish what its real-world effects would be.
This bill would require the Small Business Administration to provide public online lessons and resources about digital assets for small businesses. The materials would explain potential benefits, risks, taxes, security, and payment options to help businesses decide whether and how to use them. The agency would have to launch the resources within 180 days after enactment. The bill would not authorize additional funding.
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.
the benefits and risks of using digital assets in the operations of small business concerns, including tax implications and security risks
deciding whether to use a third-party vendor to handle digital asset transactions
not later than 180 days after the date of the enactment of this Act.
No additional amounts are authorized to carry out this Act or the amendments made by this Act.
Section 1 would name the legislation the Currency Options, Information, and Navigation Act. Section 2 would add the education requirements as a new section 49 of the Small Business Act and renumber the existing section 49 as section 50.
This Act may be cited as the Currency Options, Information, and Navigation Act.
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
Where practicable, the materials would have to cover potential benefits and risks, tax consequences, ways to avoid security risks, and differences between types of digital assets and their particular risks.
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;
(5) the differences between types of digital assets, including stablecoins, and the unique risks associated with using digital assets.
Where practicable, the materials would explain how to evaluate outside transaction providers, including their charges, transaction completion times, compliance risks, and reporting requirements. They would also cover systems for handling digital-asset payments and the infrastructure customers need to use them.
shall include, to the extent practicable, information on
(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;
The administrator would have to keep the information accurate and current where practicable, including through consultation with the advisory working group and specified federal agencies responsible for standards, commerce, finance, banking, and securities.
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.
The administrator would establish an advisory working group, select its members, and consult it on an ongoing basis. The group would identify and recommend information for the educational materials, and vacancies would be filled through the original appointment process.
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).
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).
The Advisory Working Group shall be comprised of the following members, who shall be selected by the Administrator
Any vacancy in the Advisory Working Group shall be filled in the same manner as the original appointment.
Required working-group members would include a Treasury financial-crimes representative, a digital-asset tax professional, and digital-asset experts from business, academia, an organization focused on reliability and security, and educational-material development.
(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.
The group would also include small-business outreach experts from each resource partner, an agency district office, and a small-business association, along with consumer and investor advocates and an expert on digital-asset scams and fraud.
(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.
The bill would exempt this advisory working group from the federal advisory-committee requirements in chapter 10 of title 5. The supplied text does not reproduce those requirements.
(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.
The administrator would have to consider existing information from resource partners and consumer and investor advocates. A separate clause would permit incorporating information, but its reference to “subparagraph (A)” has no matching provision in this subsection of the supplied text.
(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.
The administrator would coordinate with resource partners to publicize the resources. The materials would have to be practical and easy for small businesses to understand, without favoring a digital-asset model or tool developed by a particular entity or group.
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).
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.
The bill would use the definition of “digital asset” in section 2 of the GENIUS Act. That definition is not reproduced in the supplied text.
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).
The Small Business Administration would have to establish the resources within 180 days after enactment and maintain them thereafter. The supplied text sets no termination date for that duty.
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.
establish and maintain educational resources and modules for small business concerns with information on digital assets
Section 3 would authorize no additional funding to carry out the bill. This restriction does not establish that implementation would have no cost.
No additional amounts are authorized to carry out this Act or the amendments made by this Act.
The supplied official-actions snapshot, updated September 22, 2026, records introduction in the House and referral to the House Committee on Small Business on September 15, 2026.
Source snapshot updated 2026-09-22T15:02:16Z. 2026-09-15: Referred to the House Committee on Small Business. 2026-09-15: Introduced in House
A closer look
Reviewed version: Introduced in House · 2026-09-15. These findings describe provisions and who may benefit; they are not judgments of waste, corruption, or motive.
This review covers the supplied bill text. “None identified” does not rule out provisions in later versions or accompanying reports and disclosures.
Provisions outside the bill’s main subject, or policy changes attached to appropriations.
None identified in the reviewed text
No unrelated provision or policy change attached to appropriations was identified in the complete supplied introduced text. This conclusion does not establish absence in other versions or accompanying materials.
Spending directed to particular recipients or places outside ordinary competitive or formula-based allocation.
None identified in the reviewed text
No congressionally directed spending for particular recipients or places was identified in the complete supplied introduced text. This conclusion is limited to that version and does not establish absence in other versions or accompanying materials.
Narrow exceptions, exemptions, or preferential treatment that warrant a closer look.
Findings to examine
The supplied text contains a narrow statutory exemption connected to administering the main program. Identifying the exemption is not a judgment about its justification.
The proposed advisory working group would receive a specific exemption from chapter 10 of title 5, the federal advisory-committee requirements. The exemption applies to the group that would advise on the bill's educational materials; the supplied text does not establish the detailed practical effects of waiving those requirements.
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).
(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.
Full text preserved for this analysis. Legislative record snapshot: Sep 22, 2026. How PlainBill uses AI