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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
0
Apr 10, 2024
Introduced
Filed
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bryan King
RRepublican
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