H. R. 1664 directs the Secretary of Commerce to promote the competitiveness of the United States in blockchain and distributed ledger technology. It establishes the Secretary as the main advisor to the President on blockchain issues and mandates the creation of a Blockchain...
Simple Explanation
The bill tells the Secretary of Commerce to help the U.S. be a leader in using and making blockchain technology better by creating plans and asking experts for advice. The Secretary will also keep the President updated about blockchain and tell Congress each year how things are going.