IllinoisSB3672104th General Assembly (2025–2026)Senate

LOCAL DIGITAL ASSET INVEST ACT

Sponsored By: Sponsor information unavailable

In Committee

Summary

Creates the Local Government Digital Asset Investment Act. Sets forth the purpose of the Act. Provides that a public agency investing in Bitcoin-related exchange-traded funds, digital asset stocks, or Bitcoin bonds shall include a summary of the investments, including performance and allocation, in its annual financial report submitted to the Illinois Comptroller under the Governmental Account Audit Act. Amends the Public Funds Investment Act. Provides that a public agency may invest up to 5% of its public funds in (1) bitcoin-related exchange-traded funds listed on a national securities exchange registered with the U.S. Securities and Exchange Commission; (2) stocks of publicly traded companies listed on a national securities exchange that hold at least 25% of their total assets in Bitcoin or other digital currencies, as verified by the company's most recent audited financial statements; and (3) bitcoin bonds listed on a national securities exchange or approved by the U.S. Securities and Exchange Commission, issued by a government, corporation, or other entity, with principal or interest payments denominated in Bitcoin.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added as Chief Co-Sponsor Sen. Jason Plummer

    3/26/2026Senate
  2. Added as Co-Sponsor Sen. Neil Anderson

    2/25/2026Senate
  3. Referred to Assignments

    2/5/2026Senate
  4. First Reading

    2/5/2026Senate
  5. Filed with Secretary by Sen. Steve McClure

    2/5/2026Senate

Bill Text

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