IL SB3743 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Bipartisan Bill
Status: Introduced on February 5 2026 - 25% progression, died in committee
Action: 2026-02-25 - Added as Co-Sponsor Sen. Neil Anderson
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 5 2026 - 25% progression, died in committee
Action: 2026-02-25 - Added as Co-Sponsor Sen. Neil Anderson
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
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.
Title
COMMUNITY BITCOIN RESERVE
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2026-02-25 | Senate | Added as Co-Sponsor Sen. Neil Anderson |
| 2026-02-05 | Senate | Referred to Assignments |
| 2026-02-05 | Senate | First Reading |
| 2026-02-05 | Senate | Filed with Secretary by Sen. Emil Jones, III |
