Maddy summaryThis bill authorizes a new state law that requires digital asset mining businesses in Arkansas to pay fees to the Department of Energy and Environment for consuming unusually large amounts of electricity. The fee structure charges between $25,000 and $100,000 annually depending on how many megawatts of power the business uses in a single month. Companies must submit estimates of their energy usage before starting operations and provide accurate records by the end of each year, with penalties for false reporting. Revenue generated from these fees is split among state agencies to fund oversight, monitoring for fraud, and energy-related concerns.
Sen. Bryan King
Total votes
0
all sessions
Attendance
-
of floor votes
With party
0%
of cast votes
Bipartisan score
0%
crosses aisle rarely
Sponsored
65
bills & resolutions
Committees
7
assignments
65 bills and resolutions
Sponsored bills
Total
65
Primary
46
Co-sponsor
19
This page
65
matching current filters
TO AUTHORIZE THE INTRODUCTION OF A NONAPPROPRIATION BILL TO REQUIRE A DIGITAL ASSET MINING BUSINESS TO PAY A FEE FOR EXTRAORDINARY ELECTRICAL ENERGY USAGE.
Failed May 10, 2024
0 co-sponsors
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.
Maddy summaryThis 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.
In committee May 10, 2024
0 co-sponsors
In committee Apr 23, 2024
0 co-sponsors
died Sep 14, 2023
0 co-sponsors
died Sep 14, 2023
0 co-sponsors
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