Bill > SB171

This bill makes technical corrections to Arkansas Code § 4-56-107, specifically addressing language related to digital currency and financial institutions. In Section 1, the bill revises grammatical wording in the existing law to clarify that financial institutions, their officers, employees, or agents are not prohibited from complying with federal financial regulations, such as the Right to Financial Privacy Act of 1978 and the Bank Secrecy Act, including requirements for currency transaction reports and suspicious activity reports. Section 2 provides legislative intent, emphasizing that the bill's enactment will not repeal any acts passed during the regular session of the Ninety-Fifth General Assembly, and in case of any conflicts, the previous acts will be treated as subsequent legislation to ensure their full force and effect. The bill explicitly states that it makes only technical, not substantive, changes to the Arkansas Code, with the primary goal of correcting grammatical errors and improving the clarity of existing legal language.

Justice

https://arkleg.state.ar.us/Bills/Detail?id=sb171&ddBienniumSession=2025%2F2025R