HR1018
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Act Of 2023; And To Amend The Uniform Money Services Act.
Last Action (May 9, 2024): Died in the House at Sine Die Adjournment
Sponsors
AI-Generated Summary
HR 1018 authorizes the introduction of legislation to amend the Arkansas Data Centers Act of 2023 and the Uniform Money Services Act. The proposed legislation seeks to repeal a specific exemption that currently excludes individuals and businesses engaged in digital asset mining from being classified as money transmitters. By amending the definition of money transmission, the bill effectively subjects digital asset miners to the regulatory oversight and licensure requirements mandated by the Uniform Money Services Act. Additionally, the bill includes a requirement that existing digital asset mining operations apply for the necessary licensure by September 1, 2024.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries of this bill would be the state regulatory bodies responsible for oversight of financial and money services, as it grants them increased authority to monitor and regulate the digital asset mining industry. Additionally, it may benefit the general public by ensuring that entities involved in digital asset transactions are subject to stricter financial transparency and consumer protection standards.
Who Might Suffer?
The entities most directly and negatively impacted are individuals and businesses currently engaged in home or commercial digital asset mining in Arkansas. These entities will face increased administrative and financial burdens, as they will now be required to apply for licensure under the Uniform Money Services Act and comply with associated regulations, potentially increasing their operating costs or affecting the viability of their business models.
Vote Records
Read and Failed of Adoption
April 17, 2024View individual votes (100)
| Legislator | Party | Chamber | Vote |
|---|---|---|---|
| Fred Allen | Democrat | House | NV |
| Lane Jean | Republican | House | NV |
| Stephen Meeks | Republican | House | Yea |
| Mark Perry | Democrat | House | Yea |
| Jon Eubanks | Republican | House | Yea |
| Matthew Shepherd | Republican | House | NV |
| Jeff Wardlaw | Republican | House | Nay |
| Bruce Cozart | Republican | House | Yea |
| David Whitaker | Democrat | House | Nay |
| Deborah Ferguson | Democrat | House | NV |
| Charlene Fite | Republican | House | Yea |
| Mike Holcomb | Republican | House | Yea |
| Stephen Magie | Democrat | House | Yea |
| Mark McElroy | Republican | House | Yea |
| Josh Miller | Republican | House | Yea |
| Richard Womack | Republican | House | Yea |
| Jack Ladyman | Republican | House | Yea |
| Robin Lundstrum | Republican | House | NV |
| Dwight Tosh | Republican | House | Yea |
| Lanny Fite | Republican | House | Yea |
| Grant Hodges | Republican | House | Nay |
| Rick Beck | Republican | House | Nay |
| Mary Bentley | Republican | House | NV |
| Les Eaves | Republican | House | Yea |
| Justin Gonzales | Republican | House | NV |
| Julie Mayberry | Republican | House | Yea |
| Ken Ferguson | Democrat | House | NV |
| Ron Mcnair | Republican | House | NV |
| Milton Nicks | Democrat | House | NV |
| Marcus Richmond | Republican | House | Yea |
| Vivian Flowers | Democrat | House | Yea |
| Deann Vaught | Republican | House | Yea |
| Karilyn Brown | Republican | House | Yea |
| Sonia Eubanks Barker | Republican | House | NV |
| Frances Cavenaugh | Republican | House | Yea |
| Jack Fortner | Republican | House | Yea |
| Jimmie Gazaway | Republican | House | Yea |
| Roger Lynch | Republican | House | Yea |
| John Maddox | Republican | House | Yea |
| Aaron Pilkington | Republican | House | Nay |
| Johnny Rye | Republican | House | Yea |
| Les Warren | Republican | House | Yea |
| Danny Watson | Republican | House | Yea |
| Carlton Wing | Republican | House | Yea |
| Austin Mccollum | Republican | House | Nay |
| Carol Dalby | Republican | House | Yea |
| Steve Hollowell | Republican | House | Yea |
| Brian Evans | Republican | House | Yea |
| Lee Johnson | Republican | House | Yea |
| Andrew Collins | Democrat | House | NV |
| Stan Berry | Republican | House | Yea |
| Harlan Breaux | Republican | House | Yea |
| Cameron Cooper | Republican | House | Yea |
| Nicole Clowney | Democrat | House | Yea |
| Cindy Crawford | Republican | House | Yea |
| Denise Garner | Democrat | House | NV |
| Tippi McCullough | Democrat | House | NV |
| Jay Richardson | Democrat | House | NV |
| Jamie Scott | Democrat | House | Yea |
| Jim Wooten | Republican | House | Yea |
| Denise Ennett | Democrat | House | NV |
| Richard McGrew | Republican | House | Yea |
| Joy Springer | Democrat | House | NV |
| Howard Beaty | Republican | House | Nay |
| Tony Furman | Republican | House | Yea |
| Kendon Underwood | Republican | House | Nay |
| David Ray | Republican | House | Nay |
| Mark Berry | Republican | House | NV |
| John Carr | Republican | House | Nay |
| Rick McClure | Republican | House | NV |
| Keith Brooks | Republican | House | Nay |
| Delia Haak | Republican | House | Nay |
| Ashley Hudson | Democrat | House | Nay |
| Jon Milligan | Republican | House | Yea |
| RJ Hawk | Republican | House | Nay |
| Wade Andrews | Republican | House | NV |
| Rebecca Burkes | Republican | House | Nay |
| DeAnna Hodges | Republican | House | Nay |
| Hope Duke | Republican | House | Yea |
| Zack Gramlich | Republican | House | Yea |
| Mindy McAlindon | Republican | House | Nay |
| Matt Duffield | Republican | House | Yea |
| Stetson Painter | Republican | House | Yea |
| Steve Unger | Republican | House | Nay |
| Wayne Long | Republican | House | Nay |
| Scott Richardson | Republican | House | Nay |
| Brandon Achor | Republican | House | NV |
| Jeremiah Moore | Republican | House | Yea |
| Joey Carr | Republican | House | Yea |
| Matt Brown | Republican | House | Yea |
| Shad Pearce | Republican | House | Yea |
| Chad Puryear | Republican | House | Yea |
| Ryan Rose | Republican | House | Nay |
| Bart Schulz | Republican | House | Yea |
| Trey Steimel | Republican | House | Yea |
| Tara Shephard | Democrat | House | Yea |
| Jeremy Wooldridge | Republican | House | Yea |
| Kendra Moore | Republican | House | Yea |
| Brit McKenzie | Republican | House | Nay |
| Steven Walker | Republican | House | Yea |
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