The proposed bill amends Idaho Code to introduce regulations and definitions concerning programmable money, specifically revising the definition of "money" in Section 28-1-201 to clarify that it does not include programmable money. It also makes a technical correction in Section 28-9-102 and establishes a new Chapter 54 in Title 28, which outlines terms related to programmable money, limits its use, and provides remedies and criminal penalties for violations. The bill aims to modernize Idaho's legal framework in response to the evolving landscape of digital currencies.

Additionally, the bill introduces the Consumer Payment Rights and Transparency Act, defining key terms such as "automation," "issuer," and "social credit score system." It mandates that issuers of programmable money must offer a non-digital alternative for transactions at no cost and prohibits discrimination based on various factors. The bill allows aggrieved parties to seek civil action for damages and establishes criminal penalties for violations. It includes provisions for severability and is set to take effect on July 1, 2026, following an emergency declaration.