KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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HB1042 • 2026

A BILL FOR AN ACT to amend the Indiana Code concerning state and local administration.

A BILL FOR AN ACT to amend the Indiana Code concerning state and local administration.

Taxes Technology
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Representative Kyle Pierce
Last action
2026-03-03
Official status
Enrolled House Bill (H)
Effective date
Not listed

Plain English Breakdown

The official source material does not provide specific details on how cryptocurrency investments will be regulated or protected, leaving this area open to interpretation.

Indiana Cryptocurrency Investment and Regulation Act

This act amends Indiana laws to require certain retirement plans and investment programs to offer cryptocurrency options, restrict local governments from regulating cryptocurrency use and mining, and clarify legal protections for digital asset transactions.

What This Bill Does

  • Requires specific retirement plans and investment programs to include at least one cryptocurrency option in their offerings.
  • Prohibits public agencies and local governments from making rules that limit or tax the acceptance of cryptocurrencies as payment for goods and services.
  • Prevents local governments from regulating digital asset mining businesses differently than other industrial operations.
  • Specifies that developing software for transferring digital assets without holding them does not require a money transmitter license.
  • Limits court orders to compel disclosure of cryptocurrency private keys only when no other information can provide access.

Who It Names or Affects

  • People who participate in retirement plans and investment accounts covered by the act.
  • Local governments that regulate digital assets or mining operations.
  • Businesses involved in blockchain technology, digital asset transactions, and mining.

Terms To Know

Digital Assets
Cryptocurrencies and other virtual currencies used for financial transactions.
Self-Hosted Wallet
A digital wallet that is controlled by the user without a third party managing it.

Limits and Unknowns

  • The bill does not specify how cryptocurrency investments will be regulated or protected.
  • It remains unclear how courts will interpret and apply the new rules regarding private keys in legal cases.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HB1042.03.ENGH.AMS04

Committee Engrossed House Bill (S) • Senator Scott Baldwin

Filed

Plain English: This amendment adds new rules about cryptocurrency exchange-traded funds in Indiana.

  • Adds a new section to the Indiana Code that defines and regulates cryptocurrency exchange-traded funds.
  • The exact details of how these funds will be regulated are not provided, so it's unclear what specific rules will apply.
HB1042.01.INTR.AMH02

Committee Introduced House Bill (H) • Representative Kyle Pierce

Filed

Plain English: The amendment changes how the term 'stablecoin' is used in the bill, replacing it with 'payment stablecoin'.

  • Replaces all instances of the term 'stablecoin' with 'payment stablecoin' in the bill.
  • The amendment text does not provide a definition for 'payment stablecoin', so its exact meaning is unclear.
  • It's unknown how this change will affect other parts of the bill or existing Indiana Code.
HB1042.02.COMH.AMH001

Filed House Bill (H) • Representative Edward DeLaney

X

Plain English: This amendment does not provide specific details about changes to the Indiana Code concerning state and local administration.

  • The official text of the amendment is incomplete, providing no concrete information on what changes it intends to make.
HB1042.02.COMH.AMH002

Filed House Bill (H) • Representative Edward DeLaney

X

Plain English: This amendment does not provide specific details about changes to the Indiana Code concerning state and local administration.

  • The official text of the amendment is incomplete, providing no concrete information on what changes it intends to make.
HB1042.02.COMH.AMH003

Filed House Bill (H) • Representative Edward DeLaney

Failed

Plain English: This amendment aims to modify the Indiana Code regarding state and local administration, but does not provide specific details on what changes it intends to make.

  • The amendment seeks to change the Indiana Code concerning state and local administration, though exact changes are not specified in the provided text.
  • The official amendment text is incomplete and does not specify the concrete changes intended for the Indiana Code.
HB1042.02.COMH.AMH004

Filed House Bill (H) • Representative Kyle Pierce

Passed

Plain English: This amendment changes the Indiana Code to add a new requirement for state and local administration.

  • Adds a new provision in the Indiana Code concerning state and local administration, but the specific details of what this new provision entails are not provided in the given text.
  • The official amendment text does not provide enough information to specify exactly how the Indiana Code will be amended or what the new requirement involves.

Bill History

  1. 2026-03-03 House

    Signed by the Governor

  2. 2026-03-03 House

    Public Law 49

  3. 2026-02-27 Senate

    Signed by the President of the Senate

  4. 2026-02-26 Senate

    Signed by the President Pro Tempore

  5. 2026-02-25 House

    House concurred with Senate amendments; Roll Call 370: yeas 59, nays 33

  6. 2026-02-25 House

    Signed by the Speaker

  7. 2026-02-24 House

    Motion to concur filed

  8. 2026-02-20 Senate

    Returned to the House with amendments

  9. 2026-02-19 Senate

    Third reading: passed; Roll Call 198: yeas 35, nays 10

  10. 2026-02-16 Senate

    Second reading: ordered engrossed

  11. 2026-02-12 Senate

    Committee report: amend do pass, adopted

  12. 2026-01-26 Senate

    First reading: referred to Committee on Insurance and Financial Institutions

  13. 2026-01-23 House

    Referred to the Senate

  14. 2026-01-22 House

    Third reading: passed; Roll Call 66: yeas 53, nays 42

  15. 2026-01-22 House

    Senate sponsors: Senators Walker K, Baldwin

  16. 2026-01-20 House

    Second reading: amended, ordered engrossed

  17. 2026-01-20 House

    Amendment #1 (DeLaney) failed; voice vote

  18. 2026-01-20 House

    Amendment #2 (DeLaney) failed; voice vote

  19. 2026-01-20 House

    Amendment #4 (Pierce K) prevailed; voice vote

  20. 2026-01-14 House

    Committee report: amend do pass, adopted

  21. 2025-12-02 House

    Authored by Representative Pierce K

  22. 2025-12-02 House

    Coauthored by Representatives Teshka, Judy, VanNatter

  23. 2025-12-02 House

    First reading: referred to Committee on Financial Institutions

Official Summary Text

A BILL FOR AN ACT to amend the Indiana Code concerning state and local administration.
Regulation and investment of cryptocurrency.

Current Bill Text

Read the full stored bill text 
A BILL FOR AN ACT to amend the Indiana Code concerning state and local administration.

Regulation and investment of cryptocurrency.

Provides that the following shall offer, as a regular investment program, a self directed brokerage account that offers at least one cryptocurrency investment option: (1) The legislators' defined contribution plan. (2) The Hoosier START plan. (3) Specified public employees' retirement fund plans and accounts. (4) Specified teachers' retirement fund plans and accounts (including the teachers' pre-1996 account). Prohibits a public agency, other than the department of financial institutions, or a county, municipality, or township from adopting or enforcing a rule, ordinance, or other regulation that does any of the following: (1) Prohibits, restricts, or impairs an individual's ability to: (A) accept digital assets as a method of payment for legal goods and services; or (B) take custody of digital assets using specified technologies. (2) Imposes taxes or fees on: (A) use or acceptance of digital assets as a method of payment for legal goods and services; or (B) taking or maintaining custody of digital assets using a self-hosted wallet or hardware wallet; that are not applicable to comparable financial transactions that do not involve digital assets. (3) Prohibits, restricts, or impairs the ability of an individual or business to engage in specified activities pertaining to blockchains. Prohibits a public agency, other than the department of financial institutions, from adopting or enforcing a rule, ordinance, or other regulation that prohibits operation of a digital mining business. Prohibits a county, municipality, or township from adopting or enforcing a rule, ordinance, or other regulation that does any of the following: (1) Prohibits a digital asset mining business from operating in an area zoned for industrial use, or subjects a digital asset mining business located in an area zoned for industrial use to noise restrictions that are not applicable to other businesses operating in an area zoned for industrial use. (2) Prohibits private digital asset mining in a private residence located in an area that is zoned for residential use, or subjects private digital asset mining in a residence located in an area zoned for residential use to noise restrictions that do not apply to other residences in an area zoned for residential use. Provides that development or use of software for noncustodial transfer of digital assets does not constitute money transmission for purposes of statutes regarding licensure of money transmitters. Provides that a court may compel a person to disclose a digital asset private key only if no other admissible information is sufficient to provide access to the digital asset.