HB 920, the NC Digital Asset Freedom Act, allows North Carolina residents and businesses to use qualifying digital assets for everyday transactions and tax payments. To qualify, digital assets must meet strict criteria including 10 years of security, $750 billion market capitalization, decentralized governance, proof-of-work security, and U.S. regulatory classification as a non-security. The bill recognizes these assets as legally valid payment methods (preventing denial of enforceability) and permits tax payments to the state using them, requiring reporting of U.S. dollar equivalents at transaction time. It also mandates privacy protections for users and imposes a $2,000 daily transaction limit for new users of digital asset kiosks to prevent fraud.
HB 349 updates North Carolina's requirements for healthcare powers of attorney (POA) and advance health care directives (like living wills). It clarifies witness and notary rules to prevent conflicts of interest (e.g., prohibiting facility staff from witnessing), standardizes forms for easier use, and allows electronic filing of directives with the Secretary of State’s registry. The bill directly affects residents planning ahead for medical decisions, ensuring their chosen agents or instructions are legally recognized. Key changes include revised witness eligibility criteria, simplified form language, and a new online filing option to improve accessibility. The bill does not alter medical care standards but streamlines the legal process for end-of-life planning.
This bill establishes a regulatory framework for North Carolina banks and credit unions to offer digital asset services, such as custody, staking, and transaction processing. It requires these financial institutions to notify state regulators before starting custody services and obtain specific approval if they intend to manage customer assets in a fiduciary capacity. The legislation also mandates clear written agreements between institutions and customers, explicitly stating that digital assets held by the bank are not insured deposits or liabilities of the institution. By defining key terms like digital assets and staking, the act aims to provide legal clarity and safety standards for the growing digital asset market within the state.
SB 416, the Personal Privacy Protection Act, prohibits North Carolina public agencies from collecting, disclosing, or releasing personal information about members, volunteers, or donors (financial or nonfinancial) to 501(c) nonprofit organizations. It directly affects individuals who support nonprofits, shielding their identities from public agency records. Key provisions ban agencies from requiring such information, publicly sharing it, or asking contractors/grantees for lists of nonprofit supporters. The bill designates this information as non-public under state law, with limited exemptions for court orders, required disclosures, or voluntary releases by the individual.
SB 124 aims to make North Carolina state government hiring more accessible by reducing unnecessary barriers. It requires the State Human Resources Commission to review job requirements starting October 2025, removing mandatory four-year degree requirements where practical experience (like military service or trade school) is sufficient. The bill also modernizes the application process by allowing resume uploads to auto-fill forms and simplifies job postings to limit additional qualifications to five, ensuring applicants clearly see basic requirements. These changes apply to all state agencies hiring staff, directly affecting job seekers and hiring managers across North Carolina's government workforce.
HB 819 creates North Carolina's Longitudinal Data System, which links student education data (like test scores, graduation records, and course enrollment) with workforce data (such as employment and wages) to track student outcomes. It directly affects public schools, universities, the Department of Public Instruction, and workforce agencies by requiring them to share de-identified student data through this centralized system. Key provisions include strict privacy safeguards (complying with FERPA and HIPAA), mandatory data security plans, a 5-year limit on linking education and workforce data, and annual reporting requirements for the system's oversight body. The bill aims to improve education policy decisions while ensuring data privacy and security for students.
House Bill 520 aims to protect North Carolina citizens and businesses from deceptive telemarketing practices, particularly those involving misleading caller ID. The bill establishes that a telephone number is the property of the subscriber and prohibits telephone solicitors from misrepresenting the origin of a call or transmitting misleading caller identification information. It also prevents telephone carriers from knowingly providing subscriber numbers to entities that will violate these provisions. Individuals who receive calls in violation of the misleading caller ID rules can sue for civil damages, including an additional $10,000 fine for each knowing violation. Knowing violations of the caller ID provision are also classified as a Class H felony.
HB 552 establishes the Agricultural Manufacturing Investment Grant Account within North Carolina's One North Carolina Fund, allocating up to $5 million for new economic development incentives. This account provides competitive grants to eligible agricultural manufacturers in the state. The Department of Commerce will administer these grants, prioritizing projects in less developed areas, those using advanced agricultural technologies, or those with significant research and development. To qualify, recipients must commit to investing at least $5 million of private funds, employ a minimum of 25 full-time employees, and meet specific wage requirements. Grants are capped at $100,000 annually per recipient for up to five years.
House Bill 38, known as the Second Amendment Financial Privacy Act, prohibits payment card networks from using a specific "firearms code" to identify or track purchases made at firearms merchants in North Carolina. It also forbids these networks from knowingly maintaining records of individuals in the state who own firearms. The bill aims to prevent the separate tracking of lawful firearm and ammunition purchases and protect the financial privacy of individuals exercising their right to bear arms. Payment card networks are also prohibited from discriminating against firearms merchants based on code assignment. Violations can lead to civil penalties assessed by the Attorney General or civil lawsuits from affected merchants or individuals.
