HB 1926 — CONCERNING THE UNIFORM COMMERCIAL CODE; AND TO CLARIFY CONTROL OF VIRTUAL CURRENCY UNDER THE UNIFORM COMMERCIAL CODE.
Last action — Notification that HB1926 is now Act 1078
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✓Introduced
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✓In Committee
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✓Passed House
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced April 14, 2021. Enacted.
Odds of enactment
High chanceBased on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.
Upgrade to see the exact probability and what's driving it.
A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
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Enacted
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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Cleared a recorded vote
Passed 2 recorded votes so far.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
Bill Text
- HB 1926 Current pdf
AI-generated reading aid from the bill's amendatory text — verify against the official bill.
The bill amends existing Arkansas law to clarify the treatment and control of virtual currency under the Uniform Commercial Code.
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Arkansas Code § 4-9-102(b)
"Virtual currency". Section 4-11-102.
Adds a definition for virtual currency to the Uniform Commercial Code.
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Arkansas Code § 4-9-107
A secured party has control of a virtual currency as provided in § 4-11-105.
Establishes that secured parties can have control over virtual currency.
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Arkansas Code § 4-9-310(b)
electronic documents, investment property, virtual currencies, or letter-of-credit rights→ electronic documents, investment property, or letter-of-credit rightsRemoves virtual currencies from the list of collateral that can be perfected by control.
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Arkansas Code § 4-9-312(a)
and virtual currencies
Clarifies that a security interest in virtual currencies may be perfected by filing.
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Arkansas Code § 4-9-314(a)
virtual currencies,→ virtual currencies, electronic chattel paper,Updates the categories of collateral that can be perfected by control to include virtual currencies.
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Arkansas Code § 4-9-331
or a qualifying purchaser of virtual currency.
Adds protections for purchasers of virtual currencies under priority of rights.
Action History
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Notification that HB1926 is now Act 1078
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Correctly enrolled and ordered transmitted to the Governor's Office.
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TO BE ENROLLED
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Returned From the Senate as passed.
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Returned to the House as passed.
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Read the third time and passed.
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Returned by the Committee, with the recommendation that it Do Pass
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Read first time, rules suspended, read second time, referred to INSURANCE & COMMERCE - SENATE
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Received from the House.
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Read the third time and passed and ordered transmitted to the Senate.
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Returned by the Committee Do Pass
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Read the first time, rules suspended, read the second time and referred to the Committee on INSURANCE & COMMERCE- HOUSE
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Filed
Sponsors
- Stephen Meeks · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 137 not signed on · 10 voted No
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (137)
137 members have not signed on to this bill.
Show all 137 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 26 | 6 | 0 | 3 |
| Total | 26 | 6 | 0 | 3 |
| % of votes cast | 74% | 17% | 0% | 9% |
How each member voted (35)
| Member | Party | Vote |
|---|---|---|
| Bledsoe | — | Yea |
| Elliott | — | Yea |
| Rapert | — | Yea |
| Beckham | — | Nay |
| Teague | — | Not Voting |
| Alan Clark | — | Yea |
| B. Ballinger | — | Yea |
| B. Sample | — | Nay |
| Bart Hester | — | Yea |
| Ben Gilmore | — | Not Voting |
| Blake Johnson | — | Yea |
| Breanne Davis | — | Nay |
| C. Tucker | — | Yea |
| Dan Sullivan | — | Yea |
| Dave Wallace | — | Yea |
| G. Stubblefield | — | Yea |
| Greg Leding | — | Yea |
| J. Hendren | — | Yea |
| J. Sturch | — | Yea |
| Jane English | — | Yea |
| Jimmy Hickey, Jr | — | Nay |
| Jonathan Dismang | — | Yea |
| K. Ingram | — | Yea |
| Kim Hammer | — | Yea |
| L. Chesterfield | — | Yea |
| L. Eads | — | Yea |
| M. Pitsch | — | Yea |
| Mark Johnson | — | Yea |
| Missy Irvin | — | Not Voting |
| Ricky Hill | — | Nay |
| Ronald Caldwell | — | Yea |
| S. Flowers | — | Yea |
| Scott Flippo | — | Yea |
| T. Garner | — | Nay |
| Terry Rice | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 81 | 6 | 0 | 13 |
| Total | 81 | 6 | 0 | 13 |
| % of votes cast | 81% | 6% | 0% | 13% |
How each member voted (100)
Subjects
Frequently asked questions
- Who sponsors HB 1926?
- HB 1926 is sponsored by Stephen Meeks.
- What is the current status of HB 1926?
- This bill has been enacted into law. Introduced April 14, 2021. Enacted.
- Where can I track HB 1926?
- Track HB 1926 free on One Click Politics — get push/email alerts when it moves.
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