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AZ HCR2041
Concurrent Resolution
Status
1/29/2024
Primary Sponsor
Austin Smith
Click for details
AI Summary
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Concurrent resolution encouraging the Arizona State Retirement System and Public Safety Personnel Retirement System to evaluate potential investments in Bitcoin and digital asset exchange-traded funds (ETFs).
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Directs the retirement systems to monitor developments in digital asset ETFs and consult with SEC-approved digital asset ETF providers regarding investment implications.
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Requires submission of a comprehensive report on the feasibility, risks, and benefits of investing state retirement system funds in digital assets to the State Treasurer, Senate President, and House Speaker at least three months before the 57th Legislature's first regular session.
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Notes the SEC approved eleven spot Bitcoin ETFs as of January 10, 2024, and emphasizes growing institutional interest in digital assets as part of diversified pension fund portfolios.
Legislative Description
State retirement systems; digital assets.
Concurrent Resolution
Last Action
House read second time
1/30/2024