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Senate Commerce Committee Statement to Senate, No. 3142 (State of New Jersey, December 4, 2023)

Summary

This is the Senate Commerce Committee statement to Senate, No. 3142 with committee amendments, State of New Jersey, dated December 4, 2023. The committee reports Senate Bill No. 3142 favorably and with committee amendments. As amended, the bill provides for the New Jersey Commission on Science, Innovation and Technology, in consultation with the New Jersey Economic Development Authority, to establish the Blockchain Promotion and Integration Program, and to consult with the New Jersey Blockchain Council. The committee amended the bill to make a technical update. As amended and reported, the bill is identical to Assembly Bill No. 3288 (1R).

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“Senate Commerce Committee Statement to Senate, No. 3142 (State of New Jersey, December 4, 2023).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-12-04-scm-s3142-s1-39605229f0/, SHA-256 fc61f046209216a03fe8b2be4a8d33b8af9d2dda48fe316cbd609358d9b41443.

Full text

     SENATE COMMERCE COMMITTEE

                   STATEMENT TO

                 SENATE, No. 3142
                  with committee amendments



 STATE OF NEW JERSEY
                  DATED: DECEMBER 4, 2023

    The Senate Commerce Committee reports favorably and with
committee amendments Senate Bill No. 3142.
    As amended, 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 amended and reported, Senate Bill No. 3142 is identical to
Assembly Bill No. 3288 (1R), as also reported by the committee on
this date.

COMMITTEE AMENDMENTS:
  The committee amended the bill to make a technical update.


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