summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill provides that the New Jersey Commission on Science, Innovation and Technology, in consultation with the New Jersey Economic Development Authority, is to establish the Blockchain Promotion and Integration Program. The bill provides that the program is to meet certain requirements as specified in the bill. The bill requires the New Jersey Commission on Science, Innovation and Technology to analyze the state of the blockchain and decentralized digital technology sectors in New Jersey. The bill provides that, in establishing the Blockchain Promotion and Integration Program, the New Jersey Commission on Science, Innovation and Technology is to: (1) consult with the New Jersey Blockchain Council, and integrate its efforts with those of the council to have the greatest impact on small businesses in New Jersey; and (2) partner with groups that represent small business in New Jersey to connect businesses with the resources of the program and to better serve the business community. The bill also provides that, within one year of its enactment, and every third year thereafter, the commission must report to the Governor and the Legislature on the state of blockchain and decentralized digital technology in New Jersey and make recommendations on how the State can better achieve integration of those technologies with businesses in New Jersey.
AI Summary
This bill establishes the Blockchain Promotion and Integration Program, which will be created by the New Jersey Commission on Science, Innovation and Technology in collaboration with the New Jersey Economic Development Authority. The program aims to increase public understanding of blockchain and decentralized digital technologies, assist businesses in adopting these technologies, and connect them with program resources, particularly small businesses, by partnering with relevant organizations. It will also research commercial opportunities, provide technical and financial aid to companies considering relocating to New Jersey, represent New Jersey firms in national and international markets, and work to attract investment in these industries. The Commission will analyze the current state of blockchain and decentralized digital technology sectors in New Jersey, including awareness, business integration, opportunities, risks, and capital availability, and will report its findings and recommendations to the Governor and Legislature every three years, starting one year after the bill becomes law.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee (on 01/09/2024)
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.njleg.state.nj.us/bill-search/2024/S1613 |
| BillText | https://pub.njleg.gov/Bills/2026/S2000/1613_I1.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/S2000/1613_I1.HTM |
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