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HB1116 • 2026
A BILL FOR AN ACT to amend the Indiana Code concerning trade regulation.
A BILL FOR AN ACT to amend the Indiana Code concerning trade regulation.
Enacted
This bill passed the Legislature and reached final enactment based on the latest official action.
- Sponsor
- Representative Wendy McNamara
- Last action
- 2026-03-09
- Official status
- Enrolled House Bill (H)
- Effective date
- Not listed
Plain English Breakdown
The official source material does not provide details on enforcement mechanisms, penalties beyond those related to deceptive consumer sales, or exceptions for certain types of businesses.
Law Prohibiting Virtual Currency Kiosks in Indiana
This law makes it illegal to operate virtual currency kiosks in Indiana and allows penalties for violations under deceptive consumer sales laws.
What This Bill Does
- Makes it against the rules to run virtual currency kiosks in Indiana.
- Allows the state's attorney general to take action against operators who violate these rules using existing deceptive consumer sales laws.
- Requires violators to forfeit either the amount of charges assessed to users during the period of violation or their virtual currency kiosk machines.
Who It Names or Affects
- People and companies that run virtual currency kiosks in Indiana.
- Owners of buildings where virtual currency kiosks are placed if they knowingly allowed it.
Terms To Know
- Virtual Currency Kiosk
- A machine or device that allows people to buy, sell, or exchange digital money (like Bitcoin) for regular money.
- Attorney General
- The top lawyer of a state who enforces laws and protects consumers from unfair business practices.
Limits and Unknowns
- Does not specify what happens to people who use virtual currency kiosks before the law starts.
- Does not provide details on enforcement or exceptions for certain types of businesses.
Amendments
These notes stay tied to the official amendment files and metadata from the legislature.
Plain English: This amendment adds new rules about virtual currency kiosks in Indiana.
- Adds a new section to the Indiana Code that requires businesses operating virtual currency kiosks to register with the state and follow certain regulations.
- The exact details of what businesses must do to comply with these new rules are not specified in this amendment text.
- It is unclear how existing virtual currency kiosk operators will be affected by this change.
Plain English: This amendment would add a new section to the Indiana Code that bans virtual currency kiosks.
- Adds a new section to the Indiana Code that prohibits the operation of virtual currency kiosks within the state.
- The exact definition and technical specifications of what constitutes a 'virtual currency kiosk' are not provided in the amendment text, which may lead to ambiguity.
- It is unclear how this ban would be enforced or what penalties might apply for violations.
Plain English: This amendment adds new rules about customer service in Indiana's trade regulation laws.
- Adds a new section to the Indiana Code that sets standards for how businesses must treat their customers.
- The exact details of what these new customer service standards will include are not provided in the amendment text, making it hard to know exactly what changes will be made.
- It is unclear which specific part of Indiana's trade regulation laws this new section will be added to.
Plain English: The amendment aims to add a new section to the Indiana Code related to real-time customer service.
- Adds a new section to the Indiana Code concerning trade regulation, focusing on real-time customer service.
- The official text does not provide specific details about what 'real-time customer service' entails or how it will be regulated.
Plain English: The amendment adds new rules about transaction and charge limits in Indiana's trade regulation laws.
- Adds a section to the Indiana Code that sets limits on transactions and charges related to certain business practices.
- The exact details of what specific transactions or charges are limited, and how these limits will be enforced, are not provided in the amendment text.
- It is unclear which part of the Indiana Code this new section would be added to without more context.
Plain English: This amendment aims to add new requirements for businesses related to trade regulation in Indiana.
- Adds new sections to the Indiana Code that would require certain businesses to follow specific rules about trade practices.
- The exact details of what these new trade practice rules entail are not provided, making it hard to explain fully how they will affect businesses.
- Since this amendment failed, it did not become part of the bill and has no current legal effect.
Bill History
-
2026-03-09
House
Signed by the Governor
-
2026-03-09
House
Public Law 143
-
2026-03-02
Senate
Signed by the President of the Senate
-
2026-02-24
Senate
Signed by the President Pro Tempore
-
2026-02-23
House
Signed by the Speaker
-
2026-02-19
House
House concurred with Senate amendments; Roll Call 296: yeas 94, nays 1
-
2026-02-18
Senate
Returned to the House with amendments
-
2026-02-18
House
Motion to concur filed
-
2026-02-17
Senate
Third reading: passed; Roll Call 178: yeas 45, nays 0
-
2026-02-16
Senate
Second reading: ordered engrossed
-
2026-02-12
Senate
Committee report: amend do pass, adopted
-
2026-02-12
Senate
Senator Tomes added as cosponsor
-
2026-02-09
Senate
Senator Randolph added as cosponsor
-
2026-02-02
Senate
First reading: referred to Committee on Insurance and Financial Institutions
-
2026-01-29
House
Referred to the Senate
-
2026-01-28
House
Third reading: passed; Roll Call 143: yeas 87, nays 7
-
2026-01-28
House
Senate sponsors: Senators Baldwin, Becker
-
2026-01-27
House
Second reading: ordered engrossed
-
2026-01-22
House
Committee report: amend do pass, adopted
-
2026-01-15
House
Committee report: amend do pass, adopted
-
2026-01-15
House
Recommitted to Committee on Ways and Means pursuant to House Rule 126.3
-
2026-01-05
House
Authored by Representative McNamara
-
2026-01-05
House
Coauthored by Representatives Meltzer, Teshka, Steuerwald
-
2026-01-05
House
First reading: referred to Committee on Financial Institutions
Official Summary Text
A BILL FOR AN ACT to amend the Indiana Code concerning trade regulation.
Virtual currency kiosks.
Current Bill Text
Read the full stored bill text
A BILL FOR AN ACT to amend the Indiana Code concerning trade regulation.
Virtual currency kiosks.
Prohibits the operation of virtual currency kiosks in Indiana. Provides that: (1) a person that violates these provisions commits an act that is actionable by the attorney general under law regarding deceptive consumer sales; and (2) in addition to the penalties prescribed for deceptive consumer sales, a person that knowingly or intentionally violates these provisions may be ordered to forfeit one or both of: (A) the amount of the charges assessed to users of the person's virtual currency kiosks in Indiana during the period of the violation; and (B) any virtual currency kiosk operated by the operator in Indiana. Provides that the attorney general may bring an enforcement action against: (1) the operator of a virtual currency kiosk that gives rise to a violation; and (2) the owner of the premises on which the virtual currency kiosk is located if the owner knowingly or intentionally permitted the violation.