HR1014

House Resolution 1014 authorizes the introduction of legislation aimed at restricting the hardware and software used in digital asset mining operations within Arkansas. The proposed bill prohibits digital asset mining businesses and individual miners from utilizing computers manufactured or assembled by 'covered foreign entities,' as well as software developed by such entities. A 'covered foreign entity' is defined as any party designated on specific U.S. government screening lists, entities domiciled in China or Russia, or those under the control or influence of the governments of China or Russia. The proposed legislation establishes that violations of these prohibitions would be classified as a Class A misdemeanor for a first offense and a Class D felony for subsequent offenses. The primary objective is to increase oversight and security regarding the technology infrastructure used in the state's growing digital asset mining sector.