Rhode Island 2024 Regular Session

Rhode Island House Bill H7817

Introduced
3/1/24  

Caption

JOINT RESOLUTION CREATING A SPECIAL LEGISLATIVE COMMISSION TO STUDY BLOCKCHAIN AND CRYPTOCURRENCY (Creates a 5 member commission to recommend legislative proposals for blockchain and cryptocurrency, and submit an interim progress report by January 5, 2025, and a final report by January 5, 2026, and expire on February 5, 2026.)

Impact

The implementation of H7817 could have significant implications for state laws concerning emerging technologies. By creating a dedicated commission to analyze blockchain and cryptocurrency, the bill aims to put Rhode Island at the forefront of innovative economic development. The commission's findings and recommendations, due by January 5, 2026, could lead to substantial changes in how the state regulates these areas, particularly in encouraging business investment and adoption of these technologies.

Summary

House Bill H7817 proposes the establishment of a special legislative commission aimed at studying blockchain and cryptocurrency. This bill, introduced in the Rhode Island General Assembly, recognizes the increasing relevance of these technologies as their usage expands throughout various sectors. The commission, comprised of five members, including state officials and public representatives with expertise in blockchain, will assess the current state of laws related to these technologies and explore potential legislative recommendations to foster a pro-business environment.

Contention

While the bill has the potential to advance Rhode Island's position in the tech sector, it may also incite debate on regulatory frameworks. Those in favor argue that a focused study will allow for well-informed legislation that could stimulate economic growth. However, potential concerns regarding consumer protection, financial security, and regulatory clarity may arise, especially from groups advocating for a careful approach to technology regulation. Stakeholders may express differing opinions on how best to balance innovation with ensuring public trust and safety.

Companion Bills

No companion bills found.

Previously Filed As

RI H6401

House Resolution Creating A Special Legislative Commission To Study And Provide Recommendations And Comments For Healthcare Liability Reform (creates A 15 Member Legislative Commission To Study And Provide Recommendations And Annotations For Healthcare Liability Reform In Rhode Island, And Report Back To The House By January 15, 2024, And Expire On April 15, 2024.)

RI S0142

Senate Resolution Creating A Special Legislative Commission To Study And Review Rhode Island's Minimum Wage (creates An Eleven (11) Member Special Legislative Study Commission Whose Purpose It Would Be To Study Rhode Island's Minimum Wage, And Who Reports Back To The Senate No Later Than May 4, 2024, And Whose Life Expires On January 4, 2025.)

RI H5882

Joint Resolution Creating A Special Legislative Commission To Write An Olmstead Plan For Rhode Island (creates A Twenty-eight (28) Member Special Legislative Commission Whose Purpose It Is To Write An Olmstead Plan For Ri, And Who Reports Back To The General Assembly No Later Than January 3, 2024, And Whose Life Expires On July 1, 2024.)

RI S0795

Joint Resolution Creating A Special Legislative Commission To Write An Olmstead Plan For Rhode Island (creates A Twenty-eight (28) Member Special Legislative Commission Whose Purpose It Is To Write An Olmstead Plan For Ri, And Who Reports Back To The General Assembly No Later Than January 3, 2024, And Whose Life Expires On July 1, 2024.)

RI H5502

Joint Resolution Creating A Special Joint Legislative Commission To Study And Provide Recommendations To Protect Our Environment And Natural Resources From Plastic Bottle Waste (creates A 16 Member Joint Commission To Study And Provide Recommendations To Protect Our Environment From Plastic Bottle Waste, And Who Would Report Back To The General Assembly By February 28, 2024, And Expire On June 30, 2024.)

RI S1004

Senate Resolution Creating A Special Legislative Commission To Study And Provide Recommendations For Improving The Pawtucket Corridor (creates A Thirteen (13) Member Commission To Study And Provide Recommendations For Improving The Pawtucket Corridor, And Reports Back To The President Of The Senate On Or Before May 7, 2024, And Expires On June 7, 2024.)

RI S0634

Senate Resolution Creating A Special Legislative Commission To Study The Impact And Potential Economic Benefits Of Bail Reforms On Black Rhode Islanders And The State (creates An Eleven (11) Member Commission To Study The Impact And Potential Economic Benefits Of Bail Reforms On Black Rhode Islanders And The State, And Would Report Back By February 5, 2024, And Expire On April 5, 2024.)

RI H6342

House Resolution Creating A Legislative Study Commission To Evaluate And Provide Recommendations On Proper Forest Management For Fire Prevention (creates A 12 Member Commission To Evaluate And Provide Recommendations On Proper Forest Management For Fire Prevention, And Who Would Report Back To The House By February 28, 2024, And Expire On April 30, 2024.)

RI H6422

House Resolution Creating A Legislative Study Commission To Evaluate And Provide Recommendations On Mandated Safety Protocols For Rhode Island Schools (creates A 21 Member Commission To Evaluate And Provide Recommendations On Mandated Safety Protocols For Ri Schools, And Who Would Report Back To The House By February 28, 2024, And Expire On April 30, 2024.)

RI H5224

House Resolution Creating A Special Legislative Commission To Study And Provide Recommendations Pertaining To Services And Coordination Of State Programs Relating To Older Adult Rhode Islanders (creates A 16 Member Commission To Study And Provide Recommendations For Services And The Coordination Of State Programs For Older Adult Rhode Islanders, And Report Back By May 7, 2024, And Expire On August, 2024.)

Similar Bills

AZ HB2654

Cryptocurrency and blockchain commission

HI SR26

Requesting The Department Of Commerce And Consumer Affairs To Create A Task Force To Study The Approval Of Blockchain Technology And Cryptocurrency In The State.

HI SCR31

Requesting The Department Of Commerce And Consumer Affairs To Create A Task Force To Study The Approval Of Blockchain Technology And Cryptocurrency In The State.

HI SB2695

Relating To Cryptocurrency.

ME LD1286

Resolve, to Establish the Commission to Study the Impact of Blockchain Technology and Cryptocurrency on Maine's Economy and the Risks of Fraud and Theft to Maine Consumers

VA SB439

Blockchain and cryptocurrency; Joint Commission on Technology & Science to examine use, etc.

AZ HB2387

Cryptocurrency kiosk; license; fraud prevention

RI S0373

JOINT RESOLUTION CREATING A SPECIAL LEGISLATIVE COMMISSION TO STUDY BLOCKCHAIN AND CRYPTOCURRENCY (Creates a 5 member commission to recommend legislative proposals for blockchain and cryptocurrency, and submit an interim progress report by January 5, 2026, and a final report by January 5, 2027, and would expire on February 5, 2027.)