The bill amends existing Idaho Code to clarify the definitions related to programmable money and introduces a new chapter, Chapter 54, titled the Consumer Payment Rights and Transparency Act. It updates Section 28-1-201 to specify that "money" does not include "programmable money," thereby distinguishing it from traditional currency. Additionally, Section 28-9-102 is amended to refine definitions relevant to financial transactions. The new chapter defines terms associated with programmable money, limits its use, and outlines remedies and criminal penalties for violations, emphasizing the need for a regulated framework to prevent misuse.

The legislation mandates that issuers of programmable money cannot require its use for transactions without offering a free non-digital alternative and prohibits transaction denials based on discriminatory factors such as race and political opinion. It allows aggrieved parties to seek civil action for violations, recover damages, and potentially receive attorney's fees, while establishing criminal penalties for issuers who violate these provisions. The bill includes a severability clause to ensure the validity of remaining provisions if any part is deemed invalid and is set to take effect on July 1, 2026.