Bill

Bill > SB60


AR SB60

AR SB60
To Prohibit A Digital Asset Mining Business From Being Located Within A Thirty-mile Radius Of A Military Facility; And To Declare An Emergency.


summary

Introduced
01/14/2025
In Committee
01/29/2025
Crossed Over
Passed
Dead
05/05/2025

Introduced Session

Potential new amendment
95th General Assembly (2025 Regular)

Bill Summary

AN ACT TO AMEND THE ARKANSAS DATA CENTERS ACT OF 2023; TO PROHIBIT A DIGITAL ASSET MINING BUSINESS FROM BEING LOCATED WITHIN A THIRTY-MILE RADIUS OF A MILITARY FACILITY; TO DECLARE AN EMERGENCY; AND FOR OTHER PURPOSES.

AI Summary

This bill amends Arkansas law to prohibit digital asset mining businesses (cryptocurrency mining operations) from being located within a thirty-mile radius of military facilities. The bill defines a "military facility" as any physical location operated by U.S. Armed Forces or National Guard that houses military personnel, supports training and operations, or serves as a command center, including bases, camps, hospitals, clinics, and arsenals. Digital asset mining businesses must not operate within this thirty-mile radius and must shut down existing operations at such locations unless they were fully constructed and operational before December 31, 2024. If a digital asset mining business changes ownership within this restricted zone, it must also cease operations. The Attorney General is empowered to investigate potential violations, including issuing subpoenas and compelling testimony, and can order the shutdown of operations found to be in violation. The emergency clause justifies the bill's immediate implementation by citing potential national security risks associated with cryptocurrency mining facilities near military installations, making the act effective upon gubernatorial approval or other specified legislative processes.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

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

bill text


bill summary

Loading...

bill summary

Loading...
Loading...