HB0027 • 2020

Select committee on blockchain, technology and innovation.

AN ACT relating to the legislature; creating the select committee on blockchain, financial technology and digital innovation technology; providing for appointment of members and executive branch liaisons; providing appropriations; and providing for an effective date.

Budget Elections Land Technology

Enacted

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

Sponsor: Corporations
Last action: 2020-03-13
Official status: enrolled
Effective date: 3/13/2020

Plain English Breakdown

The official source material does not provide specific details on how the committee will develop knowledge or introduce legislation beyond what is stated in the bill text.

Creating a Committee for Blockchain and Tech

This law creates a new committee to study blockchain, financial technology, and digital innovation in Wyoming.

What This Bill Does

Creates a select committee called the Select Committee on Blockchain, Financial Technology and Digital Innovation Technology.
Requires appointment of members from both houses of the legislature within thirty days after the effective date of the act.
Appoints executive branch liaisons to assist the committee.
Provides funding for the committee's operations until June 30, 2022.

Who It Names or Affects

Members of the Wyoming Senate and House of Representatives
Executive branch officials who will serve as liaisons to the committee

Terms To Know

Blockchain: A digital system for recording transactions or information in a secure, permanent way.
Financial Technology (FinTech): Technological innovations used to provide financial services more efficiently and securely.

Limits and Unknowns

The committee's work ends on June 30, 2022.
Funding for the committee is limited to $44,000 from the general fund and $10,000 for executive branch liaisons.

Amendments

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

HB0027H3001

3rd reading • Representative Greear

Withdrawn

Plain English: The amendment removes a previous addition about appointing members of a select committee and replaces it with instructions for the committee to develop and recommend legislation related to promoting blockchain, financial technology, and digital innovation.

Removes language that was previously added by another amendment regarding the appointment of committee members.
Adds new duties for the select committee to develop recommendations for legislation aimed at promoting blockchain, financial technology, and digital innovation.

The exact nature of the previous House standing committee amendment (HB0027HS001/A) that is being deleted is not provided in the given text.
Details about how the recommendations will be made to the Minerals, Business & Economic Development Joint Interim Committee or the Corporations, Elections & Political Subdivisions Joint Interim Committee are not specified.

HB0027H3002

3rd reading • Representative Greear

Adopted

Plain English: The amendment changes how a select committee can make new laws about blockchain and financial technology by limiting their ability to create certain types of legislation.

Removes the original language that allowed the committee to develop and introduce any type of legislation related to blockchain, financial technology, and digital innovation.
Adds new rules stating that if proposed legislation relates to Title 13 of Wyoming statutes, it must be recommended to another committee instead.

The amendment does not explain what specific parts of Title 13 are involved or why this limitation is necessary.

HB0027HS001

Standing Committee • House Corporations, Elections & Political Subdivis

Adopted

Plain English: The amendment changes the bill by adding the word 'technology' after certain instances of the word 'innovation'.

Adds 'technology' after specific mentions of 'innovation' in various parts of the bill.

The exact impact and purpose of inserting 'technology' is not fully explained by the amendment text alone, so its full effect remains unclear.

HB0027SS001

Standing Committee • Senate Minerals, Business and Economic Development

Adopted

Plain English: The amendment changes the number of committee members and executive branch liaisons and increases the appropriation amount for the select committee.

Changes the number of committee members from three to four.
Changes the number of executive branch liaisons from two to three.
Increases the appropriation amount from thirty-three thousand dollars to forty-four thousand dollars.

Bill History

2020-03-13 LSO
Assigned Chapter Number 97
2020-03-13 Governor
Governor Signed HEA No. 0073
2020-03-12 Senate
S President Signed HEA No. 0073
2020-03-12 House
H Speaker Signed HEA No. 0073
2020-03-11 LSO
Assigned Number HEA No. 0073
2020-03-11 House
H Concur:Passed 50-9-1-0-0
2020-03-10 House
H Received for Concurrence
2020-03-10 Senate
S 3rd Reading:Passed 20-10-0-0-0
2020-03-09 Senate
S 2nd Reading:Passed
2020-03-06 Senate
S COW:Passed
2020-03-05 Senate
S Placed on General File
2020-03-05 Senate
S09 - Minerals:Recommend Amend and Do Pass 5-0-0-0-0
2020-02-26 Senate
S Introduced and Referred to S09 - Minerals
2020-02-19 Senate
S Received for Introduction
2020-02-18 House
H 3rd Reading:Passed 53-6-1-0-0
2020-02-17 House
H 2nd Reading:Passed
2020-02-14 House
H COW:Passed
2020-02-13 House
H Placed on General File
2020-02-13 House
H02 - Appropriations:Recommend Do Pass 7-0-0-0-0
2020-02-12 House
H07 - Corporations:Rerefer to H02 - Appropriations
2020-02-12 House
H07 - Corporations:Recommend Amend and Do Pass 8-1-0-0-0
2020-02-11 House
H Introduced and Referred to H07 - Corporations 54-5-1-0-0
2020-02-07 House
H Received for Introduction
2019-12-17 LSO
Bill Number Assigned

Official Summary Text

Bill Summary - 20LSO-0056
Bill No.:

HB0027

Effective:

Immediately

LSO No.:

20LSO-0056

Enrolled Act No.:

HEA No. 0073

Chapter No.:

97

Prime Sponsor:

Joint Corporations, Elections & Political Subdivisions Interim Committee

Catch Title:

Select committee on blockchain, technology and innovation.

Subject:

Establishing a statutory select committee.

Summary/Major Elements:

The Wyoming Blockchain Task Force was created in 2018 and it terminated on January 1, 2020. The act establishes a successor committee to study related (and additional) subjects, the Select Committee on Blockchain, Financial Technology and Digital Innovation Technology (Select Committee).

The act requires the Select Committee to develop specialized expertise and authorizes it to sponsor certain legislation and refer other legislation to the Joint Minerals, Business and Economic Development Interim Committee.

The act requires appointment of executive branch liaisons to the Select Committee.

Comments:

Creates a select committee.

Requires legislative appointments within thirty (30) days after the effective date of the act.
The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.

Current Bill Text

Read the full stored bill text

20LSO-0056

ORIGINAL House

ENGROSSED
Bill No
.
HB0027

ENROLLED ACT NO. 73,

HOUSE OF REPRESENTATIVES

SIXTY-FIFTH LEGISLATURE OF THE STATE OF WYOMING
2020 Budget Session

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.

W.S. 28
‑
11
‑
601 is created to read:

ARTICLE 6
SELECT COMMITTEE ON BLOCKCHAIN, FINANCIAL TECHNOLOGY AND DIGITAL INNOVATION TECHNOLOGY

28
‑
11
‑
601.

Appointment of members; powers and duties; executive branch liaisons.

(a)

Not later than March 15 following each general election, a select committee on blockchain, financial technology and digital innovation technology shall be appointed subject to the following:

(i)

The president of the senate shall appoint four (4) members of the senate apportioned as nearly as possible to reflect the percentage of the elected membership of the majority and minority parties of the senate, provided not more than three (3) of the members shall be from the same political party. The president of the senate shall designate a co
‑
chair of the select committee;

(ii)

The speaker of the house of representatives shall appoint four (4) members of the house apportioned as nearly as possible to reflect the percentage of the elected membership of the majority and minority parties of the house, provided not more than three (3) of the members shall be from
the same political party. The speaker of the house shall designate a co
‑
chair of the select committee.

(b)

The select committee shall:

(i)

Develop knowledge and expertise among its members regarding issues pertaining to blockchain, financial technology and digital innovation technology;

(ii)

Develop and introduce legislation as necessary to promote blockchain, financial technology and digital innovation in Wyoming unless the legislation relates to Title 13 of the Wyoming statues, in which case the legislation shall be recommended to the Minerals, Business & Economic Development Joint Interim Committee for consideration.

(c)

Not later than March 15 following each general election, the governor shall appoint three (3) persons to serve as liaisons to the select committee on blockchain, financial technology and digital innovation technology. The governor may, in a manner consistent with W.S. 9
‑
1
‑
202, remove any liaison to the select committee. The liaisons shall:

(i)

Aid, assist and advise the select committee on issues pertaining to blockchain, financial technology and digital innovation technology;

(ii)

Except as otherwise provided in this paragraph, serve without salary but may, at the governor's discretion, receive per diem and mileage or actual expenses for attending meetings in the manner and amounts provided by law for state employees. Members who are government employees shall be considered on official business of their agency when performing duties as liaisons to the select committee.

Section 2.

(a)

Within thirty (30) days after the effective date of this act:

(i)

The president of the senate and the speaker of the house of representatives shall appoint members to the initial
select committee on blockchain, financial technology and digital innovation technology in accordance with the requirements of W.S. 28
‑
11
‑
601(a), as created by this act;

(ii)

The governor shall appoint
liaisons to the initial select committee on blockchain, financial technology and digital innovation technology in accordance with the requirements of W.S. 28
‑
11
‑
601(c), as created by this act.

Section 3.

(a)

There is appropriated forty-four thousand dollars ($44,000.00) from the general fund to the legislative service office for purposes of providing salary, mileage and per diem to members of the select committee on blockchain, financial technology and digital innovation technology and for other expenses of the select committee authorized by law or policy of the legislature. This appropriation shall be for the period beginning with the effective date of this act and ending June 30, 2022. This appropriation shall not be transferred or expended for any other purpose and any unexpended, unobligated funds remaining from this appropriation shall revert as provided by law on June 30, 2022.

(b)

There is appropriated ten thousand dollars ($10,000.00) from the general fund to the governor's office for purposes of providing per diem and mileage or actual expenses to liaisons appointed to the select committee on
blockchain, financial technology and digital innovation technology. This appropriation shall be for the period beginning with the effective date of this act and ending June 30, 2022. This appropriation shall not be transferred or expended for any other purpose and any unexpended, unobligated funds remaining from this appropriation shall revert as provided by law on June 30, 2022.

Section 4.

This act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the House.

Chief Clerk