Authorize appropriations of $2,500,000 annually from fiscal years 2023 to 2027 to the Office of Science and Technology Policy for hiring specialists in AI, crypto assets, and distributed ledger technology, available until the end of the subsequent fiscal year. Require these funds to support positions coordinating Federal activities and advising the President on research and development strategies related to these technologies. Authorize similar appropriations of $2,500,000 annually from fiscal years 2023 to 2027 to the National Economic Council for hiring specialists in AI, crypto assets, and distributed ledger technology, also available until the end of the subsequent fiscal year. Require these funds to support positions coordinating Federal activities and advising the President on financial and economic policies related to these technologies.
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Responsible Financial Innovation Act, Sec. 1001 ("EOP Appropriations")
ETO AGORA · U.S. federal laws · 2023
Summary
Authorize appropriations of $2,500,000 annually from fiscal years 2023 to 2027 to the Office of Science and Technology Policy for hiring specialists in AI, crypto assets, and distributed ledger technology, available until the end of the subsequent fiscal year.
Require these funds to support positions coordinating Federal activities and advising the President on research and development strategies related to these technologies.
Authorize similar appropriations of $2,500,000 annually from fiscal years 2023 to 2027 to the National Economic Council for hiring specialists in AI, crypto assets, and distributed ledger technology, also available until the end of the subsequent fiscal year.
Require these funds to support positions coordinating Federal activities and advising the President on financial and economic policies related to these technologies.
Authorizes $2.5 million annually from fiscal years 2023–2027 for the Office of Science and Technology Policy to hire specialists and coordinate federal research, strategy, and presidential advising on emerging technologies such as crypto, AI, and distributed ledger systems.
SEC. 1001. EXECUTIVE OFFICE OF THE PRESIDENT APPROPRIATIONS.
(a) Office Of Science And Technology Policy.—For the purposes of hiring specialist positions within the Office of Science and Technology Policy to coordinate Federal activities and advise the President on matters of research and development relating to crypto assets, distributed ledger technology, artificial intelligence and other innovative financial technologies, including funding the position created by section 10671 of 136 Stat. 1688 and coordinating the national research and development strategy required by section 5913 of 136 Stat. 2395, there is authorized to be appropriated to the Executive Office of the President the following:
(1) $2,500,000 for fiscal year 2023, to remain available until September 30, 2024.
(2) $2,500,000 for fiscal year 2024, to remain available until September 30, 2025.
(3) $2,500,000 for fiscal year 2025, to remain available until September 30, 2026.
(4) $2,500,000 for fiscal year 2026, to remain available until September 30, 2027.
(5) $2,500,000 for fiscal year 2027, to remain available until September 30, 2028.
Authorizes $2.5 million annually from fiscal years 2023–2027 for the National Economic Council to hire specialists and coordinate federal research, strategy, and presidential advising on emerging technologies such as crypto, AI, and distributed ledger systems.
(b) National Economic Council.—For the purposes of hiring specialist positions within the National Economic Council to coordinate Federal activities and advise the President on matters of financial and economic policy relating to crypto assets, distributed ledger technology, artificial intelligence and other innovative financial technologies, there is authorized to be appropriated to the Executive Office of the President the following:
(1) $2,500,000 for fiscal year 2023, to remain available under September 30, 2024.
(2) $2,500,000 for fiscal year 2024, to remain available until September 30, 2025.
(3) $2,500,000 for fiscal year 2025, to remain available until September 30, 2026.
(4) $2,500,000 for fiscal year 2026, to remain available until September 30, 2027.
(5) $2,500,000 for fiscal year 2027, to remain available until September 30, 2028.