HR1010
To Authorize The Introduction Of A Nonappropriation Bill To Prohibit The Use Of A Computer Manufactured By A Covered Foreign Entity In Digital Asset Mining And Prohibit The Use Of Certain Software In Digital Asset Mining.
Last Action (April 8, 2026): Read the first time, rules suspended, read the second time and referred to the Committee on HOUSE RULES
Sponsors
AI-Generated Summary
HR 1010 authorizes the introduction of a bill in the Arkansas General Assembly that targets the digital asset mining industry. The proposed legislation seeks to prohibit digital asset mining businesses and individual miners from utilizing computer hardware manufactured or assembled by 'covered foreign entities.' It further prohibits the use of software developed by these same entities in the course of mining operations. 'Covered foreign entities' are defined to include parties on U.S. government screening lists, those domiciled in or controlled by the People's Republic of China or the Russian Federation, and their subsidiaries or affiliates. Violations of these prohibitions would be punishable as a Class A misdemeanor for a first offense and a Class D felony for subsequent offenses. The bill aims to increase oversight and security regarding foreign technology integration within the state's digital asset sector.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries would be national security interests and domestic technology firms that do not fall under the 'covered foreign entity' designation, as the bill effectively mandates a shift toward non-foreign, compliant hardware and software supply chains. State authorities may also benefit from the increased regulatory framework intended to reduce potential foreign cyber-surveillance or influence within critical infrastructure.
Who Might Suffer?
Digital asset mining businesses and individual miners currently operating in Arkansas would be negatively impacted, as they may be forced to replace existing hardware and software infrastructure to maintain legal compliance. This could result in significant operational costs, potential downtime, and the rendering of current investments obsolete. Additionally, supply chain vendors dealing in hardware or software linked to the specified foreign nations would see a direct loss of market access in Arkansas.
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