| 1 | + | *EH1322.1* |
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| 2 | + | March 21, 2025 |
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| 3 | + | ENGROSSED |
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| 4 | + | HOUSE BILL No. 1322 |
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| 5 | + | _____ |
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| 6 | + | DIGEST OF HB 1322 (Updated March 20, 2025 9:57 am - DI 140) |
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| 7 | + | Citations Affected: IC 4-13. |
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| 8 | + | Synopsis: Blockchain technology. Provides that not later than March |
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| 9 | + | 1, 2026, the department of administration (department) may issue a |
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| 10 | + | request for information for purposes of exploring how the use of |
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| 11 | + | blockchain technology could be used by a state agency to: (1) achieve |
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| 12 | + | greater cost efficiency and cost effectiveness; and (2) improve |
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| 13 | + | consumer convenience, experience, data security, and data privacy. |
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| 14 | + | Requires the department to compile a report concerning the request for |
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| 15 | + | information and submit the report to the legislative council not later |
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| 16 | + | than October 1, 2026. |
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| 17 | + | Effective: July 1, 2025. |
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| 18 | + | Teshka, Lindauer, Criswell, |
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| 19 | + | Pierce K |
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| 20 | + | (SENATE SPONSORS — WALKER K, FORD J.D., KOCH) |
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| 21 | + | January 13, 2025, read first time and referred to Committee on Government and Regulatory |
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| 22 | + | Reform. |
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| 23 | + | February 10, 2025, amended, reported — Do Pass. |
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| 24 | + | February 13, 2025, read second time, amended, ordered engrossed. |
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| 25 | + | February 14, 2025, engrossed. |
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| 26 | + | February 17, 2025, read third time, passed. Yeas 86, nays 9. |
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| 27 | + | SENATE ACTION |
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| 28 | + | March 3, 2025, read first time and referred to Committee on Commerce and Technology. |
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| 29 | + | March 20, 2025, reported favorably — Do Pass. |
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| 30 | + | EH 1322—LS 6634/DI 119 March 21, 2025 |
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1 | 31 | | First Regular Session of the 124th General Assembly (2025) |
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2 | 32 | | PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana |
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3 | 33 | | Constitution) is being amended, the text of the existing provision will appear in this style type, |
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4 | 34 | | additions will appear in this style type, and deletions will appear in this style type. |
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5 | 35 | | Additions: Whenever a new statutory provision is being enacted (or a new constitutional |
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6 | 36 | | provision adopted), the text of the new provision will appear in this style type. Also, the |
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7 | 37 | | word NEW will appear in that style type in the introductory clause of each SECTION that adds |
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8 | 38 | | a new provision to the Indiana Code or the Indiana Constitution. |
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9 | 39 | | Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts |
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10 | 40 | | between statutes enacted by the 2024 Regular Session of the General Assembly. |
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15 | | - | SECTION 1. IC 4-13-1-28 IS ADDED TO THE INDIANA CODE |
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| 46 | + | 1 SECTION 1. IC 4-13-1-28 IS ADDED TO THE INDIANA CODE |
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| 47 | + | 2 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY |
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| 48 | + | 3 1, 2025]: Sec. 28. (a) As used in this section, "blockchain |
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| 49 | + | 4 technology" means distributed ledger technology that uses a |
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| 50 | + | 5 distributed, decentralized, shared, and replicated ledger that may |
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| 51 | + | 6 be public or private, permissioned or permissionless, and that may |
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| 52 | + | 7 include the use of electronic currencies or electronic tokens as a |
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| 53 | + | 8 medium of electronic exchange. |
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| 54 | + | 9 (b) As used in this section, "distributed ledger technology" |
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| 55 | + | 10 means: |
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| 56 | + | 11 (1) a data base that is consensually shared and synchronized |
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| 57 | + | 12 across multiple sites, institutions, or geographies allowing for |
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| 58 | + | 13 public witnesses to transactions; and |
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| 59 | + | 14 (2) supporting infrastructure for a data base described in |
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| 60 | + | 15 subdivision (1). |
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| 61 | + | 16 (c) Not later than March 1, 2026, the department may issue a |
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| 62 | + | 17 request for information in compliance with IC 5-23-4.5 for |
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| 63 | + | EH 1322—LS 6634/DI 119 2 |
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| 64 | + | 1 purposes of exploring how the use of blockchain technology could |
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| 65 | + | 2 be used by a state agency to: |
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| 66 | + | 3 (1) achieve greater cost efficiency and cost effectiveness; and |
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| 67 | + | 4 (2) improve consumer: |
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| 68 | + | 5 (A) convenience; |
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| 69 | + | 6 (B) experience; |
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| 70 | + | 7 (C) data security; and |
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| 71 | + | 8 (D) data privacy. |
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| 72 | + | 9 If the department issues a request for information, the department |
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| 73 | + | 10 must comply with the requirements of this section. |
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| 74 | + | 11 (d) The request for information shall include participation from |
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| 75 | + | 12 the following state agencies: |
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| 76 | + | 13 (1) The office of the secretary of state. |
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| 77 | + | 14 (2) The office of the secretary of family and social services |
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| 78 | + | 15 (IC 12-8-1.5-1). |
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| 79 | + | 16 (3) The department of workforce development (IC 22-4.1-2-1). |
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| 80 | + | 17 (4) The department of child services (IC 31-25-1-1). |
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| 81 | + | 18 (5) The office of technology (IC 4-13.1-1-3). |
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| 82 | + | 19 (6) Any other state agency as determined by the office of |
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| 83 | + | 20 technology. |
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| 84 | + | 21 (e) The department shall set a deadline of not later than July 1, |
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| 85 | + | 22 2026, for submission of responses to the request for information. |
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| 86 | + | 23 (f) Subject to IC 5-23-4.5-3, the department shall prepare a |
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| 87 | + | 24 report that includes: |
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| 88 | + | 25 (1) information regarding the responses to the request for |
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| 89 | + | 26 information, including a copy of any portions of a response |
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| 90 | + | 27 that may be disclosed under IC 5-14-3; |
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| 91 | + | 28 (2) any recommendations by the department regarding the |
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| 92 | + | 29 request for information or the responses to the request for |
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| 93 | + | 30 information; and |
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| 94 | + | 31 (3) any other information that the department determines is |
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| 95 | + | 32 relevant to the request for information. |
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| 96 | + | 33 (g) Not later than October 1, 2026, the department shall submit |
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| 97 | + | 34 the report prepared under subsection (g) to the legislative council |
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| 98 | + | 35 in an electronic format under IC 5-14-6. |
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| 99 | + | 36 (h) This section expires December 31, 2026. |
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| 100 | + | EH 1322—LS 6634/DI 119 3 |
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| 101 | + | COMMITTEE REPORT |
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| 102 | + | Mr. Speaker: Your Committee on Government and Regulatory |
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| 103 | + | Reform, to which was referred House Bill 1322, has had the same |
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| 104 | + | under consideration and begs leave to report the same back to the |
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| 105 | + | House with the recommendation that said bill be amended as follows: |
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| 106 | + | Page 1, delete lines 1 through 17. |
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| 107 | + | Page 2, delete lines 1 through 36, begin an new paragraph and |
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| 108 | + | insert: |
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| 109 | + | "SECTION 1. IC 4-13-1-28 IS ADDED TO THE INDIANA CODE |
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16 | 110 | | AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY |
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17 | 111 | | 1, 2025]: Sec. 28. (a) As used in this section, "blockchain |
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18 | 112 | | technology" means distributed ledger technology that uses a |
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19 | 113 | | distributed, decentralized, shared, and replicated ledger that may |
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20 | 114 | | be public or private, permissioned or permissionless, and that may |
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21 | 115 | | include the use of electronic currencies or electronic tokens as a |
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22 | 116 | | medium of electronic exchange. |
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23 | 117 | | (b) As used in this section, "distributed ledger technology" |
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24 | 118 | | means: |
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25 | 119 | | (1) a data base that is consensually shared and synchronized |
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26 | 120 | | across multiple sites, institutions, or geographies allowing for |
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27 | 121 | | public witnesses to transactions; and |
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28 | 122 | | (2) supporting infrastructure for a data base described in |
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29 | 123 | | subdivision (1). |
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30 | 124 | | (c) Not later than March 1, 2026, the department may issue a |
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31 | 125 | | request for information in compliance with IC 5-23-4.5 for |
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32 | 126 | | purposes of exploring how the use of blockchain technology could |
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33 | 127 | | be used by a state agency to: |
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34 | 128 | | (1) achieve greater cost efficiency and cost effectiveness; and |
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35 | 129 | | (2) improve consumer: |
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50 | 144 | | (5) The office of technology (IC 4-13.1-1-3). |
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51 | 145 | | (6) Any other state agency as determined by the office of |
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52 | 146 | | technology. |
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53 | 147 | | (e) The department shall set a deadline of not later than July 1, |
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54 | 148 | | 2026, for submission of responses to the request for information. |
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55 | 149 | | (f) Subject to IC 5-23-4.5-3, the department shall prepare a |
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56 | 150 | | report that includes: |
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57 | 151 | | (1) information regarding the responses to the request for |
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58 | 152 | | information, including a copy of any portions of a response |
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59 | 153 | | that may be disclosed under IC 5-14-3; |
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60 | 154 | | (2) any recommendations by the department regarding the |
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61 | 155 | | request for information or the responses to the request for |
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62 | 156 | | information; and |
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63 | 157 | | (3) any other information that the department determines is |
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64 | 158 | | relevant to the request for information. |
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65 | 159 | | (g) Not later than October 1, 2026, the department shall submit |
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66 | 160 | | the report prepared under subsection (g) to the legislative council |
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67 | 161 | | in an electronic format under IC 5-14-6. |
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68 | | - | (h) This section expires December 31, 2026. |
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69 | | - | HEA 1322 Speaker of the House of Representatives |
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70 | | - | President of the Senate |
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71 | | - | President Pro Tempore |
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72 | | - | Governor of the State of Indiana |
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73 | | - | Date: Time: |
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74 | | - | HEA 1322 |
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| 162 | + | (h) This section expires December 31, 2026.". |
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| 163 | + | Page 3, delete lines 22 through 28. |
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| 164 | + | Page 4, delete lines 7 through 9, begin a new paragraph and insert: |
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| 165 | + | "(b) The treasurer of state may invest or reinvest funds that are |
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| 166 | + | held by the treasurer of state and available for investment in |
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| 167 | + | approved Bitcoin exchange traded funds.". |
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| 168 | + | Renumber all SECTIONS consecutively. |
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| 169 | + | and when so amended that said bill do pass. |
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| 170 | + | (Reference is to HB 1322 as introduced.) |
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| 171 | + | MILLER D |
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| 172 | + | Committee Vote: yeas 9, nays 3. |
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| 173 | + | _____ |
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| 174 | + | HOUSE MOTION |
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| 175 | + | Mr. Speaker: I move that House Bill 1322 be amended to read as |
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| 176 | + | follows: |
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| 177 | + | Page 2, delete lines 37 through 42. |
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| 178 | + | Delete pages 3 through 4. |
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| 179 | + | EH 1322—LS 6634/DI 119 5 |
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| 180 | + | (Reference is to HB 1322 as printed February 10, 2025.) |
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| 181 | + | DELANEY |
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| 182 | + | _____ |
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| 183 | + | COMMITTEE REPORT |
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| 184 | + | Mr. President: The Senate Committee on Commerce and |
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| 185 | + | Technology, to which was referred House Bill No. 1322, has had the |
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| 186 | + | same under consideration and begs leave to report the same back to the |
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| 187 | + | Senate with the recommendation that said bill DO PASS. |
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| 188 | + | (Reference is to HB 1322 as reprinted February 14, 2025.) |
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| 189 | + | |
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| 190 | + | BUCHANAN, Chairperson |
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| 191 | + | Committee Vote: Yeas 9, Nays 0 |
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| 192 | + | EH 1322—LS 6634/DI 119 |
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