An Act allowing for fiscal resilience through strategic investment in stable digital financial assets
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
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.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Christopher J. Worrell
Cosponsor
Christopher J. Worrell
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours