House Commerce and Consumer Affairs (10/01/2024)

House Commerce and Consumer Affairs Subcommittee · October 1, 2024

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40:00

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Open and bill announced

Presentation

10:14 → 10:49(35s)

Chair (mister Sherman) opened the subcommittee, announced the hearing is broadcasting, and introduced House Bill 225, “relative to prohibiting the use of currency that could be detrimental to privacy rights,” noting the bill had been held and sent to interim study.

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Subcommittee reviewed House Bill 225 (proposed prohibition/limits on certain digital currencies) with remote testimony from a Cato Institute policy analyst on central bank digital currencies (CBDCs), then considered House Bill 1674 narrowed to a specie/legal-tender amendment; the panel recommended neither bill for future legislation and asked staff to study other states' approaches.

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Transcript

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