MS HB849 | 2023 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on January 31 2023 - 100% progression
Action: 2023-01-31 - Died In Committee
Text: Latest bill text (Introduced) [HTML]

Summary

An Act To Provide That A Person Who Develops, Sells Or Facilitates The Exchange Of An Open Blockchain Token Is Not Subject To Certain Securities And Money Transmission Laws; To Authorize Certain Verification Authority To The Secretary Of State; To Amend Section 75-15-7, Mississippi Code Of 1972, To Provide An Exemption For A Person Who Develops, Sells Or Facilitates The Exchange Of An Open Blockchain Token; To Amend Section 75-71-102, Mississippi Code Of 1972, To Revise The Definitions Of The Terms "broker-dealer" And "security" To Provide That The Terms Do Not Include A Person Who Develops, Sells Or Facilitates The Exchange Of An Open Blockchain Token; To Amend Section 75-17-412, Mississippi Code Of 1972, To Provide That If The Secretary Of State Has Reason To Believe A Person Is Engaged In Or Is About To Engage Certain Activities Relating To Blockchain Tokens, Without Meeting Certain Exemption Requirements, The Secretary Of State May Issue An Order To Show Cause Why An Order To Cease And Desist The Activity Should Not Be Issued; To Bring Forward Sections 75-71-201, 75-71-202, 75-71-203, And 75-71-204, Which Relate To Exemptions From Registration Requirements Of Certain Securities, For Purposes Of Possible Amendment; To Bring Forward Section 75-71-401, Mississippi Code Of 1972, Which Relates To Broker-dealer Registration Requirement And Exemptions, For Purposes Of Possible Amendment; And For Related Purposes.

Tracking Information

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Title

Securities laws; provide certain exemptions regarding blockchain tokens.

Sponsors


History

DateChamberAction
2023-01-31HouseDied In Committee
2023-01-16HouseReferred To Ways and Means

Code Citations

ChapterArticleSectionCitation TypeStatute Text
75157Amended CodeSee Bill Text
7571102Amended CodeSee Bill Text
7571201New CodeSee Bill Text
7571202New CodeSee Bill Text
7571203New CodeSee Bill Text
7571204New CodeSee Bill Text
7571401New CodeSee Bill Text
7571412Amended CodeSee Bill Text

Mississippi State Sources


Bill Comments

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