The resolution died in committee; it would have let a senator introduce a bill for monitoring water and grid effects and possibly acting against threatening operations.
The Natural Resources Commission would monitor water use by blockchain networks and digital asset mining. It could act against an operation if excessive use threatens critical groundwater supplies.
The Public Service Commission would monitor how blockchain networks and digital asset mining affect the electric grid. It could tell a utility to halt their service if they threaten grid reliability.
The two commissions would adopt rules for these requirements. They would seek legislative review before January 1, 2027; if approval had not occurred by then, they would file final rules as soon as practicable after approval.
The Arkansas Natural Resources Commission would monitor water use and could take action against an operation. Monitoring would cover blockchain networks and digital asset mining in Arkansas. The commission could act against a network or business only if excessive water use threatens the state’s critical groundwater supplies.
The Arkansas Public Service Commission would monitor grid effects and could direct a utility to halt service. The monitoring and possible service halt would concern blockchain networks and digital asset mining businesses. The commission could direct a utility to halt service only if an operation threatens the electric grid’s reliability.
The two commissions would adopt rules to carry out the proposed requirements. The rules would implement the proposed water monitoring and electric grid provisions. The Natural Resources Commission and Public Service Commission would send proposed rules to the Legislative Council early enough for review before January 1, 2027. If approval has not occurred by January 1, 2027, the commissions would file the final rules as soon as practicable after approval. Initial final rules would be filed by January 1, 2027, or, if approval has not occurred by then, as soon as practicable after approval.
No hearings or votes scheduled.