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SB 3743

Illinois Senate bill in Session 104.

Status: in_committee. Latest action: February 5, 2026.

COMMUNITY BITCOIN RESERVE.

Bill ID IL-104-SB-3743
Session 104
Status in_committee
Committee Assignments
Senate in_committee 2026-02-05
Business / Commerce Tax / Budget / Appropriations
Summary

Creates the Community Bitcoin Reserve Act. Contains findings and purpose provisions. Establishes the Community Bitcoin Reserve Program within the Department of Commerce and Economic Opportunity. Provides that the Altgeld Bitcoin Reserve is designated as the first community reserve site, and additional participating communities may be approved by the Department of Commerce and Economic Opportunity. Provides that the State may acquire Bitcoin for the Community Bitcoin Reserve if the acquisition is authorized by the General Assembly and conducted in a budget-neutral manner. Requires all Bitcoin held under the Act to be secured using multisignature cold-storage custody requiring a minimum threshold of approvals. Sets forth further provisions concerning the custody structure of the Bitcoin; transparency and proof-of-reserve reports; community governance; the administration of community programs; the annual program release schedule; tax treatment; restrictions; the sale or transfer of Bitcoin held under the Act; the acceptance of Bitcoin donations; and exemption from liability for the State. Effective immediately.

Sponsor
Emil Jones, III
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-05 Introduced Bill introduced
2026-02-05 Status in_committee
2026-02-05 Latest Action 2/05/2026 - Senate:
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Minnesota • 2026 Regular • unknown