Bill Summary

SB 550 Investments of Public Funds in Bitcoin (2025 Session)
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Sponsors
by Gruters
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Summary
Investments of Public Funds in Bitcoin; Authorizing the Chief Financial Officer to make investments in Bitcoin and other digital assets for a certain purpose; requiring the Chief Financial Officer to maintain flexibility in certain investment decisions; authorizing the Chief Financial Officer to invest money in Bitcoin from certain public funds; authorizing the Trustees of the State Board of Administration to invest and reinvest available funds of the System Trust Fund in Bitcoin; providing that investments of public funds in Bitcoin are exempt from certain security requirements, etc. Effective Date: 7/1/2025
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committees of reference
» S Banking and Insurance
   S Appropriations Committee on Agriculture, Environment, and General Government
   S Appropriations
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Actions
02/07/25
SENATE
Filed
02/20/25
SENATE
Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Appropriations
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bill text & filed amendments
0550
Filed on 02/07/25
PDF
No amendments to this bill text filed.
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Statute Citations
17.57
17.573
17.61
121.151
280.03
Research & Reports
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