AN ACT CONCERNING WEB 3.0 TECHNOLOGIES AND THE EXPANSION OF BROADBAND INTERNET ACCESS.

HB 5077 establishes a state task force to oversee Web3 technology implementation and regulation, fostering public-private collaboration. It creates three grant programs: (1) supporting decentralized finance and peer-to-peer lending, (2) expanding broadband access to underserved communities, and (3) funding blockchain education and workforce training. The bill directly affects state agencies managing the task force, private technology companies collaborating with the state, and residents in areas lacking reliable broadband. Key mechanisms include new grant eligibility criteria and a dedicated oversight body, with no tax increases or new regulatory requirements specified. This focuses on infrastructure development and workforce readiness related to emerging digital technologies.