[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4092 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 4092

To amend the Social Security Act to prohibit the Social Security Trust 
                Funds from investing in cryptocurrency.


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                   IN THE SENATE OF THE UNITED STATES

                             March 12, 2026

  Mr. Durbin introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
To amend the Social Security Act to prohibit the Social Security Trust 
                Funds from investing in cryptocurrency.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``No Crypto in Social Security Act''.

SEC. 2. PROHIBIT SOCIAL SECURITY TRUST FUNDS FROM INVESTING IN 
              CRYPTOCURRENCY.

    Section 201 of the Social Security Act (42 U.S.C. 401) is amended--
            (1) in subsection (d), by inserting after the second 
        sentence the following: ``Such investment may not be made in 
        any digital asset or any crypto-related investment.''; and
            (2) by adding at the end the following new subsection:
    ``(o) For purposes of subsection (d)--
            ``(1) the term `digital asset' has the same meaning given 
        such term in section 2 of the GENIUS Act (12 U.S.C. 5901); and
            ``(2) the term `crypto-related investment' means--
                    ``(A) any investment fund under the Investment 
                Company Act of 1940 (15 U.S.C. 80a-1 et seq.) related 
                to futures on digital assets (as so defined) or on 
                digital asset indices;
                    ``(B) any stock or bond of a public company that--
                            ``(i) substantially derives its value from 
                        holdings of digital assets; or
                            ``(ii) primarily derives revenue from 
                        providing products or services (including 
                        issuance, trading, management, distribution, 
                        custody, settlement, or similar services) 
                        related to digital assets; or
                    ``(C) any other asset or investment whose value is 
                tied to, or derived from, digital assets.''.
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