Florida · House Bill 487 · 2025 Regular Session

Investments of Public Funds in Bitcoin

HB 487 Sponsored by Webster Barnaby Died in committee

  1. Introduced Feb 10, 2025
  2. In committee Feb 19, 2025
  3. Passed the House  
  4. Passed the Senate  
  5. To the governor  
  6. Became law Jul 1, 2025

What it does

The legislature's own summary of the bill, or its official long title.

Authorizes CFO to invest in Bitcoin any money from certain public funds; provides limits to such investments; provides requirements for holding such Bitcoin; authorizes CFO & other parties to loan Bitcoin in state funds; requires taxes & fees paid in Bitcoin to be transferred to General Revenue Fund; requires General Revenue Fund to reimburse designated funds in United States currency for such payments; authorizes…

Read the full title (93 words)

Authorizes CFO to invest in Bitcoin any money from certain public funds; provides limits to such investments; provides requirements for holding such Bitcoin; authorizes CFO & other parties to loan Bitcoin in state funds; requires taxes & fees paid in Bitcoin to be transferred to General Revenue Fund; requires General Revenue Fund to reimburse designated funds in United States currency for such payments; authorizes Trustees of SBA to invest & reinvest available funds of System Trust Fund in Bitcoin; provides that investments of public funds in Bitcoin are exempt from certain security requirements.

Every action

13 steps, oldest first, as the legislature records them.

Show the 5 earlier steps
  1. HouseFiled
  2. CommitteeReferred to Insurance & Banking Subcommittee · House Insurance & Banking Subcommittee
  3. CommitteeReferred to Government Operations Subcommittee · House Government Operations Subcommittee
  4. CommitteeReferred to Ways & Means Committee · House Ways & Means Committee
  5. CommitteeReferred to Commerce Committee · House Commerce Committee
  1. CommitteeNow in Insurance & Banking Subcommittee · House Insurance & Banking Subcommittee
  2. House1st Reading (Original Filed Version)
  3. CommitteeAdded to Insurance & Banking Subcommittee agenda · House Insurance & Banking Subcommittee
  4. CommitteeFavorable by Insurance & Banking Subcommittee · House Insurance & Banking Subcommittee18–0 vote
  5. CommitteeReported out of Insurance & Banking Subcommittee · House Insurance & Banking Subcommittee
  6. CommitteeNow in Government Operations Subcommittee · House Government Operations Subcommittee
  7. HouseIndefinitely postponed and withdrawn from consideration
  8. CommitteeDied in Government Operations Subcommittee · House Government Operations Subcommittee

Roll calls

1 recorded vote: 0 on the floor, 1 in committee. Each shows how every member voted.

Committee votes

DateWhereQuestionResult
Apr 10, 2025 House Insurance & Banking Subcommittee Favorable by Insurance & Banking Subcommittee
Members

Yes · 18

 Passed 18–0

Sponsors

The member who introduced it, joined by 1 cosponsor: 1 Republican.

All 1 cosponsor

From Florida's official records (leg.state.fl.us; flhouse.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.