; sense of Congress (a) Findings Congress finds the following: (1) Blockchain service activities by governments and organizations that are adversaries of the United States can create risks to the economic, national security and foreign policy interests of the United States. (2) The Blockchain-based Services Network of the People's Republic of China, and unregulated, self-proclaimed supra-national companies pose risks to the national security and foreign policy interests of the United States. (b) Sense of Congress It is the sense of Congress that the development of a Federal Government strategy to protect the United States from risks created from the Blockchain-based Services Network of the People’s Republic of China and other foreign adversarial blockchain network infrastructure is essential to the national security and economic security of the United States. 3. Prohibitions relating to covered distributed ledger technology and blockchain equipment or services (a) Prohibition on acquisition No head of an executive agency may acquire, or enter into, extend, or renew a contract or other agreement for, any equipment, system, or service that uses covered distributed ledger technology and blockchain equipment or services as a substantial or essential component of, or critical technology as part of, such equipment, system, or service. (b) Prohibition on loan and grant funds (1) Prohibition No head of an executive agency may obligate or expend loan or grant funds to acquire, or enter into, extend, or renew a contract or other agreement for, an equipment, system, or service described in subsection (a). (2) Prioritization In implementing the prohibition under paragraph (1), the heads of executive agencies administering loan, grant, or subsidy programs, including the Secretary of Homeland Security and the Secretary of Commerce, shall prioritize available funding and technical support to assist affected businesses, institutions, and organizations as is reasonably necessary for those affected entities to transition from