HR1015

This resolution authorizes the introduction of a bill to amend the Arkansas Data Centers Act of 2023. The proposed legislation modifies regulatory requirements for digital asset mining businesses and those utilizing blockchain networks. It clarifies the authority of local governments regarding the regulation of these businesses, including zoning and permitting for home-based mining operations. Additionally, the bill introduces a prohibition against 'foreign nationals' from specific countries subject to international traffic in arms regulations from owning or investing in digital asset mining businesses in Arkansas. It grants the Attorney General the authority to investigate potential violations, mandate divestiture, and impose civil penalties. The bill also establishes specific funds to distribute collected civil penalties to the State Securities Department, the Attorney General's office, and the Department of Energy and Environment.