summary
Introduced
03/11/2020
03/11/2020
In Committee
03/11/2020
03/11/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2020 Regular Session
Bill Summary
A N A C T RELATING TO STATE AFFAIRS AND GOVERNMENT -- RHODE ISLAND ECONOMIC GROWTH BLOCKCHAIN ACT *** This act would establish an economic growth blockchain act, set regulations for the sale of 1 hemp, regulate virtual and digital assets and establish depository banks for these purposes. 2 This act would take effect upon passage. 3 ======== LC005152 ========
AI Summary
This bill establishes the Rhode Island Economic Growth Blockchain Act, which sets regulations for the sale of hemp, regulates virtual and digital assets, and establishes depository banks for these purposes. The key provisions include: creating a Rhode Island blockchain technology advisory council, developing a blockchain filing system, establishing a track and trace program for regulated products like hemp, creating a financial technology sandbox to allow for innovative financial products and services, and authorizing the establishment of special purpose depository institutions to provide banking services for blockchain and digital asset companies.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Introduced, referred to House Corporations (on 03/11/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | http://webserver.rilin.state.ri.us/BillText20/HouseText20/H7989.pdf |
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