1. Short title This Act may be cited as the Advancing Blockchain Act . 2. Blockchain technology study (a) In general (1) Study required Not later than 2 years after the date of the enactment of this Act, the Secretary of Commerce and the Federal Trade Commission, in coordination with the head of any other appropriate Federal agency, shall conduct a study on the impact of blockchain technology on United States businesses conducting interstate commerce. (2) Requirements for study In conducting the study, the Secretary and the Commission shall do the following: (A) Conduct a survey on blockchain technology through outreach to participating entities to— (i) establish a list of the industry sectors that develop and use blockchain technology; (ii) establish a list of public-private partnerships focused on promoting the adoption, and use of blockchain technology; (iii) provide a description of the ways industry sectors develop, use, or promote the use of blockchain technology; (iv) provide a description of the advantages or disadvantages of the widespread adoption of blockchain technology; and (v) consider how blockchain technology may be used to— (I) increase market competition in each of the industry sectors identified under clause (i); (II) increase individual’s data privacy and enhance data security; (III) better protect individual’s identity; (IV) better secure monetary transactions; and (V) any other use that may benefit society. (B) Conduct a survey of Federal activity related to blockchain technology to— (i) establish a comprehensive list of Federal agencies asserting jurisdiction over entities and industry sectors identified under subparagraph (A)(i); (ii) identify all interagency activities related to blockchain technology; (iii) develop a brief description of the jurisdiction and expertise of the Federal agencies as it relates to blockchain technology