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                   Statutory Language

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yklairmont@kentlaw.iit.edu

FOR EDUCATIONAL PURPOSES ONLY.
Submitted for Legislative Advocacy at Chicago-Kent College of Law, Fall 2018.

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           The proposed, ILLINOIS  BLOCKCHAIN TECHNOLOGY ACT:

           The whole Bill could be read here:

  http://www.ilga.gov/legislation/BillStatus.asp?DocTypeID=HB&DocNum=5553&GAID=14&SessionID=91&LegID=111521

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   Current status: Although the bill passed the House on April 19, 2018, it was amended twice in the Senate and failed to meet the May 31 deadline for third reading under Rule 2-10 and has been re-referred to Assignments.

 

   Proposed amendment to the Illinois Blockchain Technology Act: 

       New:  Sec. 12(a)(1)- (a)(5).  

       Amending the Illinois Blockchain Technology Act, 

  1. be varied by agreement to the extent permitted by the other 

  2.  law. 

  3. Section 20. Local government restrictions. 

  4. A unit of local government shall not: 

  5. impose any tax or fee on the use of a blockchain or 

  6. smart contract by any person or entity; 

  7. require any person or entity to obtain from the 

  8. unit of local government any certificate, license, or 

  9. permit to use a blockchain or smart contract; or 

  10.  (3) impose any other requirement relating to the use of 

  11.  a blockchain or smart contract by any person or entity.

12 (a)(1): The implementation of Blockchain technology in Food Chain Traceability, shall promote food safety, 

(a)(2): create transparency, and 

(a)(3): quick traceability of contaminated products to its source. 

(a)(4): prevent the economic burden of recalls and 

(a)(5): spread of food-borne illness, lost revenue and wasted products. 

12(b) Nothing prohibits a unit of local  government from using a blockchain or smart contract in the 

13. performance of its powers or duties in a manner not 

14.   inconsistent with the provisions of this Act. 

15. (c) A home rule unit may not regulate a blockchain or smart 

16. contract in a manner inconsistent with the regulation by the 

17. State of a blockchain or smart contract under this Act.

18. This

19  subsection (c) is a limitation under subsection (i) of Section 20  

of Article VII of the Illinois Constitution on the concurrent 

21  exercise by home rule units of powers and functions exercised

 22  by the State. 

 

 

  5/31/2018SenateRule 3-9(a) / Re-referred to Assignments

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