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AR SR12

Resolution

Status

Passed

4/11/2024

Primary Sponsor

Bryan King

Click for details

Origin

Senate

94th General Assembly (2024 Fiscal)

AI Summary

  • Authorizes Senator B. King to introduce legislation prohibiting digital asset mining businesses and miners from using computers manufactured or assembled by covered foreign entities

  • Prohibits the use of software developed by covered foreign entities in digital asset mining or home digital asset mining operations

  • Defines "covered foreign entity" as individuals, foreign governments, or other parties listed on the U.S. Consolidated Screening List or Entity List, domiciled in China or Russia, under control of those governments, or subsidiaries/affiliates thereof

  • Establishes penalties of Class A misdemeanor for first offense and Class D felony for second or subsequent violations

  • Amends Arkansas Code § 14-1-603 to add the definition and creates new section 14-1-606 governing use of foreign-manufactured computers and software

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

Sine Die adjournment

5/10/2024

Full Bill Text

No bill text available