Bill > H0750

This bill amends existing Idaho law to establish regulations for "programmable money," which is defined as a digital asset or token that can be encoded with specific rules and conditions to automatically control its use, such as denying transactions, restricting usage based on location or time, expiring, or being used to implement a social credit score system. The bill explicitly excludes electronic payment systems that merely transfer non-programmable legal tender, in-game currency, and gift cards from this definition. It makes it unlawful for issuers of programmable money to require its use without offering a free non-programmable alternative, or to deny transactions based on factors like sex, race, political opinion, medical history, browsing history, or any other lawful activity, including the application of a social credit score system. If a transaction is denied, the issuer must provide a specific reason within 30 days of a request. The bill provides remedies for aggrieved parties, allowing them to bring civil actions for damages and attorney's fees, and potentially revoke an issuer's authorization to do business in Idaho if they intentionally or repeatedly violate the law. Criminal penalties, including fines and imprisonment, are also established for violations, with each denied or failed transaction considered a separate offense, though the bill clarifies it does not prohibit declining transactions for criminal acts or the purchase/sale of cryptocurrency.

Business and Industry

Ways and Means Committee (House)

https://legislature.idaho.gov/sessioninfo/2026/legislation/H0750/