Plain English Breakdown
Checked against official source text during the last sync.
Report on Digital Currency in Campaigns
This bill requires the Registry of Election Finance to create and submit a report about digital currency contributions to political campaigns over the past five years.
What This Bill Does
- Requires the Registry of Election Finance to issue a report by September 1, 2025.
- The report must cover how digital currency has been used in campaign donations for the last five years.
- The report should be given to certain officials like the speakers and legislative librarian.
Who It Names or Affects
- Registry of Election Finance
- Speakers of both houses of Tennessee's General Assembly
- Legislative Librarian
Terms To Know
- Digital Currency
- Money that exists only in digital form, like Bitcoin or other cryptocurrencies.
- Registry of Election Finance
- An office responsible for tracking and reporting on money used in political campaigns.
Limits and Unknowns
- The bill does not specify what will happen after the report is made.
- It's unclear if there are any penalties or rewards tied to this requirement.