The bill amends existing Idaho Code to clarify the definitions of "money" and "programmable money," specifically updating Section 28-1-201 to state that "money" does not include "programmable money." This distinction is crucial as it separates traditional currency from programmable digital assets. Additionally, Section 28-9-102 is revised to include technical corrections and refine definitions related to financial transactions. A new Chapter 54, titled the Consumer Payment Rights and Transparency Act, is introduced, which outlines specific terms and limitations regarding the use of programmable money, including remedies for misuse and criminal penalties for violations.

The new chapter defines key terms such as "automation," "issuer," and "programmable money," and establishes unlawful practices for issuers, including the requirement to offer a non-digital alternative for transactions and prohibiting discrimination in transaction denials. It also allows aggrieved parties to seek civil action for damages and attorney's fees, while classifying violations as misdemeanors with associated penalties. The act is set to take effect on July 1, 2026, and includes a severability clause to ensure the validity of remaining provisions if any part is found invalid.