All Roll Calls
Yes: 0 • No: 0
Northern Mariana IslandsSLB 24-0124th Northern Mariana Islands Legislature (2025-2026)SenateWALLET
Amend TLL 21-09 regulatorily compliant internet gaming
Sponsored By: Jude Untalan Hofschneider (Republican)
Enacted
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
Tinian token holders get full dollar backing
Each Tinian Stable Token represents $1 held in trust by the Treasurer; issuance and redemption are only for U.S. dollars. The reserve must always hold at least $1 for each token in circulation. It receives token sale proceeds, plus fees and taxes collected through the token system. Allowed assets are U.S. cash, 90-day Treasury bills, 7-day repurchase agreements backed by those bills, and stablecoins backed by those assets. The Treasurer cannot issue tokens or spend reserve money if that leaves too little backing.
Tinian players gain online gaming with limits
The Commission can grant up to 10 internet gaming licenses, each lasting up to 20 years. Operators do not need a hotel-casino complex. Licenses cannot be transferred except as the law allows. Operators must use age-check software designed to block minors. Location checks must limit play to the Second Senatorial District—Tinian and Aguiguan—and places where online gaming is legal.
Tinian token access has limits
The Treasurer must set up and manage the token reserve account. Monthly written reports to the Mayor and district delegation must cover token circulation, issuance, redemption, and the account balance. The token issuance and redemption service is generally available. However, the Mayor and Treasurer can bar people they consider inappropriate from using it.
Sponsors & Cosponsors
Sponsor
Jude Untalan Hofschneider
Republican • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 3/12/2025
Senate Final Reading — Passed (D1)
Yes: 0 • No: 0
Actions Timeline
T.L.L. 24-03
5/19/2025SenateSenate Final Reading — Passed (D1)
3/12/2025SenateSenate First Reading — Passed (D1)
3/12/2025SenateIntroduced
2/11/2025Senate
Bill Text
24-01
2/11/2025
[D1]
2/11/2025
Related Bills
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SB 24-48, Establish a Division of Customs and Biosecurity within the DOF
HB 24-84, To authorize the expenditure of $2,105,563.00 identified by the Governor as a surplus from Fiscal Year 2025 revenues that shall be appropriated by the Legislature to the Public School System and to the 25% Retirees’ Pension Obligation.
HB 24-74, To appropriate funds derived from trust interest income from the Marianas Public Land Trust towards payment of household allotments of Nutrition Assistance Program (NAP) benefits for November 2025.
HB 24-63, To amend Title 4 sections 1991 to 1995 relating to the 3% construction tax on gross revenues derived from certain non-residential construction projects and to enact a new section 1996 pertaining to Applicability; and for other purposes.
SB 24-04, to advance Chamorro & Carolinian language education in the CNMI