SR 12 Arkansas Senate · 2024 Fiscal Session

TO AUTHORIZE THE INTRODUCTION OF A NONAPPROPRIATION BILL TO PROHIBIT THE USE OF A COMPUTER OR SOFTWARE MANUFACTURED, ASSEMBLED, OR DEVELOPED BY A COVERED FOREIGN ENTITY IN DIGITAL ASSET MINING.

This bill authorizes a new law that would ban digital asset miners in Arkansas from using computers or software made by specific foreign entities. It defines these restricted entities as those linked to China or Russia, including companies on U.S. government watchlists or those controlled by these governments. The legislation makes it a misdemeanor for first-time violators and a felony for repeat offenders to use prohibited hardware or software for mining cryptocurrencies. This measure directly targets the supply chain of mining equipment and software to prevent the use of technology from designated foreign sources.
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2024
Committee Review
Floor Vote
Governor
Introduced Apr 10, 2024 Last action May 10, 2024
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Apr 10, 2024
Introduced
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upper
1 primary · 0 co-sponsors

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P
Photo of Bryan King
Bryan King
RRepublican
AR
28