Loading chat...
AR HR1014
Resolution
Status
5/9/2024
Primary Sponsor
Josh Miller
Click for details
AI Summary
-
Authorizes Senator King to introduce legislation prohibiting digital asset mining businesses from using computers manufactured or assembled by covered foreign entities.
-
Prohibits digital asset miners from using software developed by covered foreign entities in the course of digital asset mining or home digital asset mining.
-
Defines "covered foreign entity" as individuals, foreign governments, or other parties on the U.S. Consolidated Screening List or Entity List, domiciled in China or Russia, controlled by those governments, or subsidiaries/affiliates thereof.
-
Establishes criminal penalties: Class A misdemeanor for first offense and Class D felony for second or subsequent violation.
-
Amends Arkansas Code § 14-1-603 (Arkansas Data Centers Act of 2023) to add the definition and creates new section 14-1-606 to establish the prohibition and penalties.
Legislative Description
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.
Last Action
Died in the House at Sine Die Adjournment
5/9/2024