summary
Introduced
01/30/2025
01/30/2025
In Committee
02/18/2025
02/18/2025
Crossed Over
02/10/2025
02/10/2025
Passed
02/21/2025
02/21/2025
Dead
Signed/Enacted/Adopted
02/27/2025
02/27/2025
Introduced Session
2025 General Session
Bill Summary
AN ACT relating to administration of the government; prohibiting state agencies from accepting or requiring a central bank digital currency as payment; prohibiting state agencies from spending public funds as specified; making legislative findings; urging Congress to prohibit establishment of a central bank digital currency; requiring the secretary of state to transmit copies as specified; and providing for an effective date.
AI Summary
This bill prohibits state agencies in Wyoming from using or requiring central bank digital currencies (CBDCs) in any official capacity. Specifically, the bill prevents state agencies from mandating CBDCs as payment for government services, taxes, or fees, and also bars state agencies from using public funds to support the testing, adoption, or implementation of CBDCs. The bill defines a CBDC as a digital form of currency issued directly by the Federal Reserve System or a similar federal agency, and defines "state agency" to include all branches, departments, boards, and institutions of the state of Wyoming. The legislation appears to be a proactive measure to prevent potential future federal digital currency initiatives from being implemented at the state level, reflecting concerns about government-controlled digital currencies and their potential impact on financial privacy and autonomy. The bill would take effect immediately upon completing the standard legislative process for becoming law in Wyoming.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (6)
John Bear (R)*,
Paul Hoeft (R)*,
Bob Ide (R)*,
Tony Locke (R)*,
Pepper Ottman (R)*,
Daniel Singh (R)*,
Last Action
Assigned Chapter Number 47 (on 02/27/2025)
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.wyoleg.gov/Legislation/2025/HB0264 |
| Analysis - Summary as Passed | https://www.wyoleg.gov/2025/Summaries/HB0264.pdf |
| BillText | https://www.wyoleg.gov/2025/Enroll/HB0264.pdf |
| Senate Minerals, Business and Economic Development | https://wyoleg.gov/2025/Amends/HB0264SS001.pdf |
| BillText | https://www.wyoleg.gov/2025/Introduced/HB0264.pdf |
| Fiscal Note | https://www.wyoleg.gov/2025/Fiscal/HB0264.pdf |
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