HB 1042 IN

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Became Law

Provides that the following shall offer, as a regular investment program, a self directed brokerage account that offers at least one cryptocurrency investment option: (1) The legislators' defined contribution plan. (2) The Hoosier START plan. (3) Specified public employees' retirement fund plans and accounts. (4) Specified teachers' retirement fund plans and accounts (including the teachers' pre-1996 account). Prohibits a public agency, other than the department of financial institutions, or a county, municipality, or township from adopting or enforcing a rule, ordinance, or other regulation that does any of the following: (1) Prohibits, restricts, or impairs an individual's ability to: (A) accept digital assets as a method of payment for legal goods and services; or (B) take custody of digital assets using specified technologies. (2) Imposes taxes or fees on: (A) use or acceptance of digital assets as a method of payment for legal goods and services; or (B) taking or maintaining custody of digital assets using a self-hosted wallet or hardware wallet; that are not applicable to comparable financial transactions that do not involve digital assets. (3) Prohibits, restricts, or impairs the ability of an individual or business to engage in specified activities pertaining to blockchains. Prohibits a public agency, other than the department of financial institutions, from adopting or enforcing a rule, ordinance, or other regulation that prohibits operation of a digital mining business. Prohibits a county, municipality, or township from adopting or enforcing a rule, ordinance, or other regulation that does any of the following: (1) Prohibits a digital asset mining business from operating in an area zoned for industrial use, or subjects a digital asset mining business located in an area zoned for industrial use to noise restrictions that are not applicable to other businesses operating in an area zoned for industrial use. (2) Prohibits private digital asset mining in a private residence located in an area that is zoned for residential use, or subjects private digital asset mining in a residence located in an area zoned for residential use to noise restrictions that do not apply to other residences in an area zoned for residential use. Provides that development or use of software for noncustodial transfer of digital assets does not constitute money transmission for purposes of statutes regarding licensure of money transmitters. Provides that a court may compel a person to disclose a digital asset private key only if no other admissible information is sufficient to provide access to the digital asset.

• Kyle Pierce Republican · author
• Kyle Walker Republican · sponsor
• Scott Baldwin Republican · sponsor

1. Dec 2, 2025 First reading: referred to Committee on Financial Institutions · lower
2. Dec 2, 2025 Coauthored by Representatives Teshka, Judy, VanNatter · lower
3. Dec 2, 2025 Authored by Representative Pierce K · lower
4. Jan 14, 2026 Committee report: amend do pass, adopted · lower
5. Jan 20, 2026 Amendment #1 (DeLaney) failed; voice vote · lower
6. Jan 20, 2026 Amendment #2 (DeLaney) failed; voice vote · lower
7. Jan 20, 2026 Amendment #4 (Pierce K) prevailed; voice vote · lower
8. Jan 20, 2026 Second reading: amended, ordered engrossed · lower
9. Jan 22, 2026 Third reading: passed; Roll Call 66: yeas 53, nays 42 · lower
10. Jan 23, 2026 Referred to the Senate · lower
11. Jan 22, 2026 Senate sponsors: Senators Walker K, Baldwin · lower
12. Jan 26, 2026 First reading: referred to Committee on Insurance and Financial Institutions · upper
13. Feb 12, 2026 Committee report: amend do pass, adopted · upper
14. Feb 16, 2026 Second reading: ordered engrossed · upper
15. Feb 19, 2026 Third reading: passed; Roll Call 198: yeas 35, nays 10 · upper
16. Feb 20, 2026 Returned to the House with amendments · upper
17. Feb 24, 2026 Motion to concur filed · lower
18. Feb 25, 2026 Signed by the Speaker · lower
19. Feb 25, 2026 House concurred with Senate amendments; Roll Call 370: yeas 59, nays 33 · lower
20. Feb 26, 2026 Signed by the President Pro Tempore · upper
21. Mar 3, 2026 Signed by the Governor · executive
22. Mar 3, 2026 Public Law 49 · lower
23. Feb 27, 2026 Signed by the President of the Senate · upper