Comments: IL HB2540 | 2019-2020 | 101st General Assembly

Bill Title: Creates the Blockchain Business Development Act. Provides for the creation and regulation of personal information protection companies. Provides for the creation and regulation of blockchain-based limited liability companies as businesses that utilize blockchain technology for a material portion of their business activities. Provides for a public record blockchain study and report. Provides for a blockchain insurance and banking study and report. Requires the Department of Commerce and Economic Opportunity to incorporate into one or more of its economic development marketing and business support programs, events, and activities topics concerning blockchain technology and financial technology. Defines terms.

Spectrum: Moderate Partisan Bill (Democrat 13-2)

Status: (Enrolled) 2019-06-28 - Sent to the Governor [HB2540 Detail]

Text: Latest bill text (Enrolled) [HTML]

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