Should We Be Worried About the RESTRICT Act?

There's a new bill, called the RESTRICT Act, making its way through congress to become law. Here is a link to the text: https://www.congress.gov/bill/118th-congress/senate-bill/686/text

Bills are formulated in a confusing (but ultimately logical) way. Section 3 Part (a) essentially says the following:

The Secretary of Commerce, in consultation with the relevant executive department and agency heads, is authorized to and shall take action to identify, deter, disrupt, prevent, prohibit, investigate, or otherwise mitigate, including by negotiating, entering into, or imposing, and enforcing any mitigation measure to address any risk arising from any covered transaction by any person, or with respect to any property, subject to the jurisdiction of the United States that the Secretary determines poses an undue or unacceptable risk to the national security of the United States or the safety of United States persons.

A "covered transaction" is described in Section 2 Part (4), and seems like it might be open to general interpretation that includes crypto.

We learned about behind-closed-doors involvement of anti-crypto people in law drafting when anti-crypto language was slipped into the Infrastructure Bill. The right answer to that is eternal vigilance.