Bill Summary

HB 487 Investments of Public Funds in Bitcoin (2025 Session)
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Sponsors
by Barnaby
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Summary
Investments of Public Funds in Bitcoin: Authorizes CFO to invest in Bitcoin any money from certain public funds; provides limits to such investments; provides requirements for holding such Bitcoin; authorizes CFO & other parties to loan Bitcoin in state funds; requires taxes & fees paid in Bitcoin to be transferred to General Revenue Fund; requires General Revenue Fund to reimburse designated funds in United States currency for such payments; authorizes Trustees of SBA to invest & reinvest available funds of System Trust Fund in Bitcoin; provides that investments of public funds in Bitcoin are exempt from certain security requirements. Effective Date: July 1, 2025
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committees of reference
» H Insurance & Banking Subcommittee
   H Government Operations Subcommittee
   H Ways & Means Committee
   H Commerce Committee
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Actions
02/10/25
HOUSE 
Filed
02/19/25
HOUSE 
Referred to Insurance & Banking Subcommittee; Government Operations Subcommittee; Ways & Means Committee; Commerce Committee
02/19/25
HOUSE 
Now in Insurance & Banking Subcommittee
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bill text & filed amendments
0487
Filed on 02/10/25
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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