HB302
Sponsored By: Keith Michael Ammon (Republican)
Signed by Governor
Your PRIA Score
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
Strong custody rules for digital assets and metals
The law sets strict custody rules for any state-held digital assets and precious metals. Digital assets must be kept by the treasurer using a secure custody system, by a qualified custodian, or as a registered exchange-traded product. A secure custody system must keep private keys only in government hands, use end-to-end encryption, ban smartphone storage, spread hardware across secure data centers, use multi-person approvals, and keep access logs. It also requires disaster recovery plans and regular code audits and penetration tests. Precious metals must be held as an exchange-traded product, by a qualified custodian in physical form, or directly by the state, which may store them with another state under a treasurer’s rule.
State can invest in digital assets and gold
The law lets the state treasurer invest part of the general fund, the revenue stabilization fund, and other authorized funds in precious metals, stablecoins, and very large digital assets. Allowed digital assets must have averaged over $500 billion in market value during the prior calendar year. No more than 10% of total public funds can go into any one of these three categories. These authorities take effect 60 days after passage.
State can lend or stake digital assets
The law allows the treasurer to lend or stake eligible digital assets owned by state funds to earn yield. The treasurer must keep legal ownership of the assets. Lending or staking must use a third-party solution.
Free Policy Watch
You just read the policy. Now see what it costs you.
Pick a topic. PRIA runs your household against live legislation and sends you a free personalized readout.
Pick a topic to get started
Sponsors & Cosponsors
Sponsor
Keith Michael Ammon
Republican • House
Cosponsors
Calvin Beaulier
Republican • House
Daryl Abbas
Republican • Senate
Jason M. Osborne
Republican • House
Joe H. Alexander
Republican • House
Joe Sweeney
Republican • House
Keith R. Murphy
Republican • Senate
Kevin A. Avard
Republican • Senate
Mark Warden
Affiliation unavailable
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Signed by Governor Ayotte 05/06/2025; Chapter 4; eff. 05/07/2025
5/7/2025HouseEnrolled Adopted, VV, (In recess 05/01/2025); SJ 12
5/6/2025SenateEnrolled (in recess of) 05/01/2025 HJ 13 P. 31
5/6/2025HouseOught to Pass: MA, VV; OT3rdg; 05/01/2025; SJ 11
5/1/2025SenateHB 302 was Removed from the Consent Calendar; 05/01/2025; SJ 11
5/1/2025SenateCommittee Report: Ought to Pass, 05/01/2025; Vote 4-1; CC; SC 19
4/23/2025SenateHearing: 04/23/2025, Room 100, SH, 10:00 am; SC 18
4/15/2025SenateIntroduced 03/27/2025 and Referred to Ways and Means; SJ 10
4/11/2025SenateOught to Pass: MA DV 192-179 04/10/2025 HJ 12 P. 21
4/10/2025HouseMinority Committee Report: Inexpedient to Legislate
4/2/2025HouseMajority Committee Report: Ought to Pass 04/01/2025 (Vote 11-8; RC) HC 19 P. 13
4/2/2025HouseFull Committee Work Session: 04/01/2025 10:00 am LOB 202-204
3/26/2025HouseExecutive Session: 04/01/2025 10:30 am LOB 202-204
3/26/2025HousePublic Hearing: 03/25/2025 10:00 am LOB 202-204
3/19/2025HouseReferred to Ways and Means 03/13/2025 HJ 8 P. 4
3/13/2025HouseOught to Pass with Amendment 2025-0138h: MA VV 03/13/2025 HJ 8 P. 4
3/13/2025HouseAmendment # 2025-0138h: AA VV 03/13/2025 HJ 8 P. 3
3/13/2025HouseCommittee Report: Ought to Pass with Amendment # 2025-0138h 03/05/2025 (Vote 16-1; CC)
3/5/2025HouseSubcommittee Work Session: 02/18/2025 10:00 am LOB 104
2/13/2025HouseExecutive Session: 03/05/2025 10:00 am LOB 302-304
2/13/2025HouseSubcommittee Work Session: 02/11/2025 01:15 pm LOB 104
2/7/2025HouseSubcommittee Work Session: 01/22/2025 01:15 am LOB 302-304
1/15/2025House==CANCELLED== Subcommittee Work Session: 01/22/2025 10:00 am LOB 302-304
1/15/2025HousePublic Hearing: 01/15/2025 10:30 am LOB 302-304
1/9/2025HouseIntroduced 01/08/2025 and referred to Commerce and Consumer Affairs HJ 2 P. 14
1/7/2025House
Bill Text
Enrolled
5/6/2025
Introduced
1/7/2025
CHAPTERED FINAL VERSION
Version adopted by both bodies
Related Bills
SB497 — (Second New Title) removing a reference to procurement through the department of administrative services for certain capital appropriations to the community college system of New Hampshire, changing the name of a capital project, and changing a reference regarding spaces assigned for use for members of the legislature.
HB1539 — authorizing electric utilities to issue AAA-rated bonds for the purpose of storm cost recovery and infrastructure resilience.
HB1503 — allowing the department of education to allocate funds to create a database of maps of public schools for emergency use cases.
HB1485 — relative to eligibility and fees for late refund requests of road tolls.
HB1467 — (New Title) relative to the New Hampshire seal of civic excellence and engagement program.
HB1287 — (New Title) relative to special number plates for veterans and eligibility therefore.
Take It Personal
Get Your Personalized Policy View
Take the PRIA Score to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in