Bill

Bill > SB10


AR SB10

AR SB10
To Amend The Arkansas Data Centers Act Of 2023; And To Regulate The Impact On Water Usage And The Electric Grid By Blockchain Networks And Digital Asset Mining.


summary

Introduced
12/13/2024
In Committee
01/13/2025
Crossed Over
Passed
Dead
05/05/2025

Introduced Session

95th General Assembly (2025 Regular)

Bill Summary

AN ACT TO AMEND THE ARKANSAS DATA CENTERS ACT OF 2023; TO AMEND THE LAW CONCERNING THE POWERS OF THE ARKANSAS NATURAL RESOURCES COMMISSION; TO MONITOR THE IMPACT OF BLOCKCHAIN NETWORKS AND DIGITAL ASSET MINING ON WATER USAGE; TO ALLOW FOR THE CLOSURE OF BLOCKCHAIN NETWORKS OR DIGITAL ASSET MINING OPERATIONS IF WATER USAGE IS EXCESSIVE; TO AMEND THE LAW CONCERNING THE AUTHORITY OF THE ARKANSAS PUBLIC SERVICE COMMISSION; TO MONITOR THE IMPACT OF BLOCKCHAIN NETWORKS AND DIGITAL ASSET MINING ON THE ELECTRIC GRID; TO ALLOW FOR THE HALT OF BLOCKCHAIN NETWORKS OR DIGITAL ASSET MINING OPERATIONS IF THE ELECTRIC GRID IS THREATENED; AND FOR OTHER PURPOSES.

AI Summary

This bill amends the Arkansas Data Centers Act of 2023 to give two state commissions - the Arkansas Natural Resources Commission and the Arkansas Public Service Commission - new regulatory powers over blockchain networks and digital asset mining operations. Specifically, the Natural Resources Commission is now empowered to monitor water usage by these operations and can take action if water consumption threatens critical groundwater supplies, potentially closing down such operations. Similarly, the Public Service Commission can monitor the impact of blockchain and digital asset mining on the electric grid and can direct utilities to halt service to operations that threaten grid reliability. Both commissions are required to create and seek approval for rules implementing these new oversight responsibilities. The bill uses the terms "blockchain networks" and "digital asset mining" broadly, which likely refers to cryptocurrency mining and related computational activities that can consume significant amounts of water and electricity. The regulations aim to protect Arkansas's water resources and electrical infrastructure from potential strain caused by these energy-intensive technological operations.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Died in Senate Committee at Sine Die adjournment. (on 05/05/2025)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...