TO AUTHORIZE THE INTRODUCTION OF A NONAPPROPRIATION BILL TO AMEND THE ARKANSAS DATA CENTERS ACTS OF 2023, TO REGULATE DIGITAL ASSET MINING BUSINESSES AND BUSINESSES UTILIZING A BLOCKCHAIN NETWORK, AND TO DECLARE AN EMERGENCY.

This Senate resolution authorizes a bill to amend Arkansas laws regarding digital asset mining and blockchain businesses, aiming to regulate their operations while protecting local interests. The proposed legislation establishes specific rules for these businesses, including limits on noise levels and a ban on using water for cooling equipment to conserve resources. It also prohibits local governments from enacting discriminatory zoning or tax policies that treat digital asset miners differently from other data centers. Additionally, the bill restricts ownership and investment in these businesses by foreign nationals to prevent potential security threats to the state's electrical grid and digital infrastructure.