No CRS summary available for this bill.
This section defines terms for the Act, including “cryptographic key material” as any key, seed phrase, or credential used to control cryptocurrency or digital assets; “discovery and scanning tool” as software that locates such material on devices or cloud systems; “wallet material” as applications, hardware, or services that store or manage those credentials; and related terms such as “digital asset,” “electronically stored information,” and “Federal agency.”
This section requires Federal agencies to scan seized electronically stored information for cryptocurrency private key material, secure such assets promptly, and conduct annual audits of handling procedures. It directs the Attorney General, within 180 days and in coordination with the Secretaries of Homeland Security and the Treasury and the Director of National Intelligence, to issue a binding directive implementing these requirements, and, in consultation with the National Institute of Standards and Technology, to develop technical standards for discovery, secure extraction, chain of custody, and access logging, as well as training programs for Federal law enforcement and forensic personnel.
This section requires each federal agency that collects, seizes, or maintains custody of electronically stored information to conduct an annual digital asset audit that identifies and accounts for all digital assets and cryptographic materials, verifies secure custody and access controls, identifies losses or deficiencies, and documents corrective actions. It directs the agency head to submit a report on findings and remediation to the Attorney General and the specified Senate and House committees within 180 days after each audit.
This section requires the Inspector General of the relevant agency, in coordination with appropriate offices or court-appointed monitors, to conduct audits of electronic devices for digital assets and associated cryptographic keys, in addition to audits by the Comptroller General. It preserves the existing authority of any Federal entity with lawful audit or oversight jurisdiction and does not authorize any collection, search, seizure, or use of digital assets or cryptographic keys beyond what is otherwise permitted by law.
This section directs the Comptroller General of the United States, together with relevant Inspector General offices, to review federal agency compliance with the Act not later than one year after enactment and every three years thereafter, and to submit a report containing findings and recommendations to Congress.
This section expands the permissible uses of the Department of Justice Asset Forfeiture Fund and the Department of the Treasury Forfeiture Fund to include payments for digital forensic tools required to implement the Inventory Act of 2026.