; or (2) 60 days after the publication in the Federal Register of the final rule implementing the provision. 413. Discretionary Surplus Fund (a) In general The dollar amount specified under section 7(a)(3)(A) of the Federal Reserve Act ( 12 U.S.C. 289(a)(3)(A) ) is reduced by $15,000,000. (b) Effective date The amendment made by subsection (a) shall take effect on September 30, 2034. 414. Studies on foreign adversary participation (a) In general The Secretary of the Treasury, in consultation with the Commodity Futures Trading Commission and the Securities and Exchange Commission, shall, not later than 1 year after date of the enactment of this section, conduct a study and submit a report to the relevant congressional committees that— (1) identifies any digital asset registrants which are owned by governments of foreign adversaries; (2) determines whether any governments of foreign adversaries are collecting personal data or trading data about United States persons in the digital asset markets; and (3) evaluates whether any proprietary intellectual property of digital asset registrants is being misused or stolen by any governments of foreign adversaries. (b) GAO study and report (1) In general The Comptroller General shall, not later than 1 year after date of the enactment of this section, conduct a study and submit a report to the relevant congressional committees that— (A) identifies any digital asset registrants which are owned by governments of foreign adversaries; (B) determines whether any governments of foreign adversaries are collecting personal data or trading data about United States persons in the digital asset markets