North Dakota 2025-2026 Regular Session

North Dakota House Bill HCR3022

Introduced
1/30/25  
Refer
1/30/25  

Caption

A concurrent resolution directing the Legislative Management to consider studying political subdivisions making investments in stablecoins.

Impact

This resolution aims to explore the implications of allowing political subdivisions in North Dakota to engage with stablecoins. The findings of the Legislative Management will address critical topics including security, risk management, and compliance associated with such investments. The potential adoption of stablecoins could shape the regulatory landscape in North Dakota, influencing how governmental entities manage and invest public funds, as well as how they interact with evolving technologies in the financial sector.

Summary

HCR3022 is a concurrent resolution introduced in the North Dakota Legislative Assembly that directs the Legislative Management to consider the feasibility and desirability of political subdivisions making investments in stablecoins. Stablecoins, a type of cryptocurrency designed to maintain a stable value, have gained prominence in the digital economy, and the bill outlines potential advantages and risks associated with their use by government entities. The resolution highlights potential benefits such as improved payment efficiency and enhanced financial inclusion while also acknowledging concerns related to market volatility and cybersecurity threats.

Contention

While the resolution does not explicitly indicate points of contention, the exploration of stablecoin investments by government entities could raise debates among stakeholders. Concerns may arise surrounding the implications of investing public funds in volatile markets, the adequacy of regulatory oversight, and the transparency of such financial activities. Input from various stakeholders will be crucial in addressing these issues and ensuring that any move towards stablecoin investment aligns with public interests and regulatory standards.

Companion Bills

No companion bills found.

Previously Filed As

ND HCR3026

A concurrent resolution directing the Legislative Management to consider studying improving re-entry outcomes for incarcerated adults and youth.

ND SCR4007

A concurrent resolution directing the Legislative Management to consider studying the formation of a search and rescue volunteer association.

ND SCR4004

A concurrent resolution directing the Legislative Management to consider studying accessible transportation in the state for older adults and individuals with disabilities.

ND HCR3018

A concurrent resolution directing the Legislative Management to consider studying strategies to increase the number of North Dakotans who receive health benefits coverage.

ND SCR4011

A concurrent resolution directing the Legislative Management to consider studying the program of all-inclusive care for the elderly and the benefits of expanding the program.

ND SCR4009

A concurrent resolution directing the Legislative Management to consider studying whether health insurance should provide coverage for diagnostic and supplemental breast examinations without imposing cost-sharing requirements.

ND SCR4016

A concurrent resolution directing the Legislative Management to consider studying the availability of adequately accessible housing in the state for individuals with mobility impairments or physical disabilities.

ND HCR3029

A concurrent resolution directing the Legislative Management to consider studying whether the Fort Berthold Reservation should have stand-alone ambient air quality monitors to track and mitigate air and water pollution that may result from oil and gas development.

ND HCR3034

A concurrent resolution directing the Legislative Management to consider studying sustainable energy policies to maximize the economic viability of existing energy sources, assess future demands on electricity in the state, and determine the feasibility of advanced nuclear energy development and transmission in the state.

ND SCR4018

A concurrent resolution directing the Legislative Management to consider studying the feasibility and desirability of implementing a paid family leave program in the state, including consideration of possible eligibility requirements, applicable uses, employer participation, and cost and benefit structures for a paid family leave program.

Similar Bills

No similar bills found.