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OH HB155

Bill

Status

Introduced

4/20/2023

Primary Sponsor

Tom Young

Click for details

Origin

House of Representatives

135th General Assembly (2023-2024)

AI Summary

  • Amends Ohio Revised Code section 1301.201 to add a new definition of "central bank digital currency" covering digital currencies issued by the U.S. Federal Reserve, federal agencies, foreign governments, central banks, or reserve systems that are directly available to consumers or processed/validated directly by such entities.

  • Modifies the definition of "money" under the Ohio Uniform Commercial Code to explicitly exclude central bank digital currencies from being treated as money.

  • Renumbers existing definitions in section 1301.201 to accommodate the new central bank digital currency definition, shifting subsequent definitions from (10) through (43) to (11) through (44).

  • Repeals the existing section 1301.201 of the Revised Code and replaces it with the amended version.

Legislative Description

Exclude central bank digital currencies as money under the UCC

Commerce

Last Action

Reported - Re-referred to Financial Institutions: Rules and Reference

5/9/2023

Committee Referrals

Rules and Reference5/9/2023
Infrastructure4/25/2023

Full Bill Text

No bill text available