H3279
An Act allowing for fiscal resilience through strategic investment in stable digital financial assets
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes allowing the state of Massachusetts to invest in stable digital financial assets with the goal of building financial resilience. It seeks to explore and utilize these assets as a potential tool for strengthening the state’s financial position. The bill was initially introduced as a petition and has undergone revisions and committee review. It is closely related to similar legislation, H.5255 and S.2008.
Key provisions
- Authorizes the state to invest in stable digital financial assets.
- Aims to enhance the state’s financial resilience.
- The bill was amended and replaced by H.5255.
- It was subject to committee hearings and revisions.
- The bill is related to similar legislation (H.5255 and S.2008).
Who is affected
- Massachusetts State Government
- Investors (potentially)
- Financial Institutions (potentially)
Notable changes
- The bill has been amended and replaced by H.5255.
- It has undergone multiple extensions to the reporting date.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Christopher J. Worrell
Cosponsor
Christopher J. Worrell
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
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Bill H.3279 194th (Current)
An Act allowing for fiscal resilience through strategic investment in stable digital financial assets
By Representative Worrell of Boston, a petition (accompanied by bill, House, No. 3279) of Christopher J. Worrell relative to taxation and investment in digital financial assets. Revenue.
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Bill Information
Bill Information
Presenter: Christopher J. Worrell
Tabs
Bill History Petitioners Committee Summary Hearing Attendance
Bill History
Displaying 7 actions for Bill H.3279
| Date | Branch | Action |
| 2/27/2025 | House | Referred to the committee on Revenue |
| 2/27/2025 | Senate | Senate concurred |
| 9/26/2025 | Joint | Hearing scheduled for 10/07/2025 from 01:00 PM-05:00 PM in A-2 |
| 10/7/2025 | Joint | Hearing rescheduled to 10/07/2025 from 01:00 PM-02:00 PM in A-2 and Virtual Hearing updated to New End Time |
| 12/18/2025 | House | Reporting date extended to Friday, February 20, 2026 |
| 2/25/2026 | House | Reporting date extended to Wednesday, March 18, 2026 |
| 3/18/2026 | House | Accompanied a new draft, see H5255 |
Similar Bills
H.5255 194th (Current)
An Act allowing for fiscal resilience through authorization of strategic investment in stable digital financial assets
S.2008 194th (Current)
An Act allowing for fiscal resilience through strategic investment in stable digital financial assets
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