![](https://www.arkansashouse.org/storage/23593/2024-04-23_Fiscal%20Session_Cameron%20Cooper_1900px_3K0A0127.jpg)
On Tuesday, the House City, County, and Local Affairs Committee advanced two bills addressing regulations for digital asset mining.
SB78 requires that digital asset mining businesses apply specified noise-reduction techniques. It states that a prohibited foreign party shall not purchase or acquire any interest in a digital mining business in the state.
SB79 states that a digital asset mining business shall not operate in Arkansas without a valid permit from the Oil and Gas Commission. This bill also states that a prohibited foreign party shall not purchase or acquire any interest in a digital mining business in the state.
The Joint Budget Committee advanced HB1097. This bill amends the Revenue Stabilization Act (RSA) by outlining state spending for the 2024-2025 Fiscal Year. You can find a copy of the RSA at arkansashouse.org.
The House will convene again on Wednesday at 1 p.m.