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Senate Commerce Committee Statement to Assembly, No. 3288 (State of New Jersey, December 4, 2023)

Summary

This is the Senate Commerce Committee statement to [First Reprint] Assembly, No. 3288, State of New Jersey, dated December 4, 2023. The committee reports Assembly Bill No. 3288 (1R) favorably. The bill provides that the New Jersey Commission on Science, Innovation and Technology, in consultation with the New Jersey Economic Development Authority, is to establish the Blockchain Promotion and Integration Program. It provides that within one year of its enactment, and every third year thereafter, the commission must report to the Governor and the Legislature on the state of blockchain and decentralized digital technology in New Jersey. As reported, the bill is identical to Senate Bill No. 3142.

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“Senate Commerce Committee Statement to Assembly, No. 3288 (State of New Jersey, December 4, 2023).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-12-04-scm-a3288-s4-8256d10860/, SHA-256 17d4cf0a0ba082d7a4527b9253de6f4162fd74101b969d89fa13f0ceeb524a9d.

Full text

     SENATE COMMERCE COMMITTEE

                     STATEMENT TO

                        [First Reprint]
                ASSEMBLY, No. 3288

 STATE OF NEW JERSEY
                    DATED: DECEMBER 4, 2023

     The Senate Commerce Committee reports favorably Assembly Bill
No. 3288 (1R).
     This bill provides that the New Jersey Commission on Science,
Innovation and Technology, in consultation with the New Jersey
Economic Development Authority, is to establish the Blockchain
Promotion and Integration Program.
     The bill provides that the program is to meet certain requirements as
specified in the bill.
     The bill requires the New Jersey Commission on Science,
Innovation and Technology to analyze the state of the blockchain and
decentralized digital technology sectors in New Jersey.
     The bill provides that, in establishing the Blockchain Promotion and
Integration Program, the New Jersey Commission on Science,
Innovation and Technology is to:
     (1) consult with the New Jersey Blockchain Council, and integrate
its efforts with those of the council to have the greatest impact on small
businesses in New Jersey; and
     (2) partner with groups that represent small business in New Jersey
to connect businesses with the resources of the program and to better
serve the business community.
     The bill also provides that, within one year of its enactment, and
every third year thereafter, the commission must report to the Governor
and the Legislature on the state of blockchain and decentralized digital
technology in New Jersey and make recommendations on how the State
can better achieve integration of those technologies with businesses in
New Jersey.
    As reported, Assembly Bill No. 3288 (1R) is identical to Senate Bill
No. 3142, as amended and reported by the committee on this date.

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