The resolution authorizes Senator Irvin to introduce a non-appropriation bill that aims to amend the Arkansas Data Centers Act of 2023, specifically targeting the regulation of digital asset mining businesses and blockchain network operations. The proposed amendments will establish guidelines for licensing, permitting, and regulating these businesses, addressing critical issues such as noise emissions, energy consumption, and water usage. The bill also seeks to protect local communities from discriminatory regulations while ensuring compliance with state and federal laws. A significant provision of the legislation is the prohibition of foreign nationals from owning or operating digital asset mining businesses in Arkansas, reflecting a commitment to state security.

Furthermore, the resolution outlines the responsibilities of the Department of Energy and Environment in overseeing the licensing and regulatory process, including the establishment of application fees and penalties for non-compliance. It mandates that the department adhere to the Arkansas Administrative Procedure Act when creating initial rules, requiring a study of regulatory practices in other states and consultations with relevant agencies before proceeding. The act emphasizes the urgency of these regulations due to public health, safety, and environmental concerns, declaring an emergency to expedite implementation. New digital asset mining or blockchain businesses will not be permitted to operate without the necessary licenses and permits, and existing businesses must comply with soundproofing regulations. The act will take effect immediately upon approval by the Governor or after the designated veto period.

Statutes affected:
HR 1020: 14-1-602(b), 14-1-604(a), 14-1-605(a)