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Bill > HB170
LA HB170
LA HB170Allows a candidate to receive campaign contributions in the form of crypto-currency
summary
Introduced
02/24/2022
02/24/2022
In Committee
03/14/2022
03/14/2022
Crossed Over
Passed
Dead
06/06/2022
06/06/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT To amend and reenact R.S. 18:1491.5(C) and (G)(1) and to enact R.S. 18:1483(21), 1488, and 1491.5(F), relative to campaign contributions, to provide for the definition of crypto-currency; to provide for procedure relative to accepting crypto-currency as a campaign contribution; to provide for the use and reporting of crypto-currency contributions; to provide for an effective date; and to provide for related matters.
AI Summary
This bill allows candidates, officeholders, or political committees to accept campaign contributions in the form of cryptocurrency. It defines cryptocurrency as a digital or virtual currency not issued by a central authority that functions as a medium of exchange using encryption technology. The bill outlines procedures for accepting and using cryptocurrency contributions, including the requirement to sell the cryptocurrency and deposit the proceeds into an account before making an expenditure. It also specifies the information that must be obtained and recorded when accepting a cryptocurrency contribution to ensure its legality. Additionally, the bill requires the Louisiana State Law Institute to rearrange the definitions in the existing law in alphabetical order.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Read by title, under the rules, referred to the Committee on House and Governmental Affairs. (on 03/14/2022)
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.legis.la.gov/legis/BillInfo.aspx?s=22RS&b=HB170&sbi=y |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1250433 |
| Analysis - Digest of HB170 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1250444 |
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