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AZ SCR1016

Concurrent Resolution

Status

Engrossed

2/22/2024

Primary Sponsor

Jake Hoffman

Click for details

Origin

Senate

Fifty-sixth Legislature - Second Regular Session (2024)

AI Summary

  • Encourages the Arizona State Retirement System and Public Safety Personnel Retirement System to monitor developments in Bitcoin ETFs and other digital asset ETFs for potential portfolio inclusion.

  • Directs the retirement systems to consult with SEC-approved digital asset ETF firms and evaluate implications of including such assets in their investment portfolios.

  • Requires the retirement systems to submit a comprehensive report to the State Treasurer, Senate President, and House Speaker at least three months before the 57th Legislature's first regular session on the feasibility, risks, and benefits of investing state retirement funds in digital asset ETFs.

  • Report must include a list of digital asset investment options and recommendations for how Arizona can safely invest in the digital asset class.

Legislative Description

State retirement systems; digital assets

Report

Last Action

House WM Committee action: Held, voting: (0-0-0-0-0-0)

3/20/2024

Committee Referrals

Rules2/28/2024
Ways and Means2/22/2024
Rules1/30/2024
Finance and Commerce1/30/2024

Full Bill Text

No bill text available