Amendment H-8222 to HF 2519
Relating to commercial transactions, including control and transmission of electronic records and digital assets
Adopted · March 20, 2024
Filed March 19, 2024 in the House by
Amends this HF 2519 to CONFORM to SF 2389
What it changes
- Page 11, after line 33 by inserting: “Sec. ___. Section 554.1201, subsection 2, Code 2024, is amended by adding the following new paragraph: NEW PARAGRAPH . 0j. “Central bank digital currency” means a digital currency, a digital medium of exchange, or a digital monetary unit of account issued by the United States federal reserve system, a federal agency, a foreign government, a foreign central bank, or a foreign reserve system, that is made directly available to a consumer by such entities. The term includes a digital currency, a digital medium of exchange, or a digital monetary unit of account issued by the United States federal reserve system, a federal agency, a foreign government, a foreign central bank, or a foreign reserve system, that is processed or validated directly by such entities.”
- Page 13, line 3, after “government.” by inserting “The term also does not include a central bank digital currency.”
- By renumbering as necessary.