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Bill > HB1159
MO HB1159
MO HB1159Establishes regulations for financial institutions providing services for digital assets.
summary
Introduced
02/28/2019
02/28/2019
In Committee
05/17/2019
05/17/2019
Crossed Over
Passed
Dead
05/17/2019
05/17/2019
Introduced Session
2019 Regular Session
Bill Summary
AN ACT To repeal section 362.105, RSMo, and to enact in lieu thereof six new sections relating to digital assets.
AI Summary
This bill establishes regulations for financial institutions providing services for digital assets. It defines key terms like "digital asset," "digital consumer asset," "digital security," and "virtual currency." The bill classifies digital assets as intangible personal property and provides rules for perfecting security interests in them, allowing banks to provide custodial services for digital assets, and granting Missouri courts jurisdiction over digital asset-related claims. The bill aims to enable financial institutions to compete in the digital asset space by granting them new powers and authorities comparable to those available to national banks.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred: Financial Institutions(H) (on 05/17/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.house.mo.gov/Bill.aspx?bill=HB1159&year=2019&code=R |
| Bill | https://www.house.mo.gov/billtracking/bills191/hlrbillspdf/2266H.01I.pdf |
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