Public Funds and Financing - As introduced, enacts the "Tennessee Strategic Bitcoin Reserve Act." - Amends TCA Title 9, Chapter 4.
Taken off notice for cal in s/c Finance, Ways, and Means Subcommittee of Finance, Ways, and Means Committee
Summary
The bill lets the state treasurer put a limited share of the general fund, revenue fluctuation reserve, or other designated funds into Bitcoin, with caps on how much can be bought each year. It requires secure storage, qualified custodians, and regular public reporting to protect the investment and keep citizens informed. The measure targets state financial officials and aims to diversify assets against inflation.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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