HR1020

House Resolution 1020 authorizes the introduction of a non-appropriation bill intended to amend the Arkansas Data Centers Act of 2023 and establish a regulatory framework for digital asset mining and blockchain businesses. The proposed legislation imposes stricter operating requirements, including noise level limitations of 60 decibels (or 40 decibels with soundproofing) and a prohibition on the use of water for cooling equipment, with limited exceptions for existing operations. It further mandates that these businesses obtain state-issued licenses and permits from the Department of Energy and Environment. The bill prohibits foreign nationals (as defined by federal International Traffic in Arms Regulations) from owning or operating digital asset mining businesses in the state, providing mechanisms for investigation, divestiture, and legal action by the Attorney General. Finally, it declares an emergency, allowing for immediate effect upon passage to address concerns regarding grid strain, resource consumption, and public safety related to this industry.