Did not become law. It stopped in the House of Representatives's Banking and Financial Services Committee on February 1, 2022. The 2022 session has ended.
2022 Regular Session
House Bill 1154
Securities laws; provide certain exemptions regarding blockchain tokens.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO PROVIDE THAT A PERSON WHO DEVELOPS, SELLS OR FACILITATES THE EXCHANGE OF AN OPEN BLOCKCHAIN TOKEN IS NOT SUBJECT TO CERTAIN SECURITIES AND MONEY TRANSMISSION LAWS; TO AUTHORIZE CERTAIN VERIFICATION AUTHORITY TO THE SECRETARY OF STATE; AMEND SECTION 75-15-7, MISSISSIPPI CODE OF 1972, TO PROVIDE AN EXEMPTION FOR A PERSON WHO DEVELOPS, SELLS OR FACILITATES THE EXCHANGE OF AN OPEN BLOCKCHAIN TOKEN; TO AMEND SECTION 75-71-102, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITIONS OF THE TERMS "BROKER-DEALER" AND "SECURITY" TO PROVIDE THAT THE TERMS DO NOT INCLUDE A PERSON WHO DEVELOPS, SELLS OR FACILITATES THE EXCHANGE OF AN OPEN BLOCKCHAIN TOKEN; TO AMEND SECTION 75-17-412, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT IF THE SECRETARY OF STATE HAS REASON TO BELIEVE A PERSON IS ENGAGED IN OR IS ABOUT TO ENGAGE CERTAIN ACTIVITIES RELATING TO BLOCKCHAIN TOKENS, WITHOUT MEETING CERTAIN EXEMPTION REQUIREMENTS, THE SECRETARY OF STATE MAY ISSUE AN ORDER TO SHOW CAUSE WHY AN ORDER TO CEASE AND DESIST THE ACTIVITY SHOULD NOT BE ISSUED; TO BRING FORWARD SECTIONS 75-71-201, 75-71-202, 75-71-203, AND 75-71-204, WHICH RELATE TO EXEMPTIONS FROM REGISTRATION REQUIREMENTS OF CERTAIN SECURITIES, FOR PURPOSES OF POSSIBLE AMENDMENT; TO BRING FORWARD SECTION 75-71-401, MISSISSIPPI CODE OF 1972, WHICH RELATES TO BROKER-DEALER REGISTRATION REQUIREMENT AND EXEMPTIONS, FOR PURPOSES OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the House of Representatives
Sponsor
Its course
January 17 to February 1, 2022, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action2 actions on 2 days
In the House of RepresentativesJan 17 to Feb 1 · stopped15 days
Banking and Financial ServicesJan 17 to Feb 1 · stopped15 days
Text
Each version as the Legislature printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislature published it is below.
In the House of Representatives Jan 17 – Feb 1
- Jan 17Referred to the House committee on Banking and Financial Services
- Feb 1Died in committee in the House
All 2 actions, as published
- Jan 17Referred To Banking and Financial ServicesHouse of Representatives
- Feb 1Died In CommitteeHouse of Representatives