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AR SR13

Resolution

Status

Passed

4/11/2024

Primary Sponsor

Bryan King

Click for details

Origin

Senate

94th General Assembly (2024 Fiscal)

AI Summary

  • Repeals Arkansas Code § 14-1-604(e), which exempted persons engaged in home digital asset mining or operating a digital asset mining businesses from being considered money transmitters under the Uniform Money Services Act.

  • Amends Arkansas Code § 23-55-102(13)(A) to add home digital asset mining and digital asset mining businesses under the Arkansas Data Centers Act of 2023 as an exclusion to the definition of "money transmission."

  • Requires persons engaged in home digital asset mining or operating a digital asset mining business under the Arkansas Data Centers Act of 2023 to apply for licensure under the Uniform Money Services Act on or before September 1, 2024.

Legislative Description

To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Act Of 2023; And To Amend The Uniform Money Services Act.

Last Action

Sine Die adjournment

5/10/2024

Full Bill Text

No bill text available