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SB3743

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COMMUNITY BITCOIN RESERVE

What this bill does

Creates the Community Bitcoin Reserve Act. Contains findings and purpose provisions. Establishes the Community Bitcoin Reserve Program within the Department of Commerce and Economic Opportunity. Provides that the Altgeld Bitcoin Reserve is designated as the first community reserve site, and additional participating communities may be approved by the Department of Commerce and Economic Opportunity. Provides that the State may acquire Bitcoin for the Community Bitcoin Reserve if the acquisition is authorized by the General Assembly and conducted in a budget-neutral manner. Requires all Bitcoin held under the Act to be secured using multisignature cold-storage custody requiring a minimum threshold of approvals. Sets forth further provisions concerning the custody structure of the Bitcoin; transparency and proof-of-reserve reports; community governance; the administration of community programs; the annual program release schedule; tax treatment; restrictions; the sale or transfer of Bitcoin held under the Act; the acceptance of Bitcoin donations; and exemption from liability for the State. Effective immediately.

Sponsor: Emil Jones, III Chamber: Senate Introduced: 2026-02-05

Stuck

P(Advance)

0.9%

Chance it ever reaches a milestone (committee, floor, etc.). Not “next step.”

P(Law)

0.0%

Chance it becomes law given where it is now (stage, momentum).

Confidence: 99% FORECAST

Calculating prediction drivers...

Pipeline Progress

Current stage: In Committee · Last action 63 days ago · SLOW

How does a bill become law in Illinois?

Introduction of Bill
A member of the Senate or the House introduces a bill, which is assigned a unique identifying number (e.g., "H.B. ___" for House bills and "S.B. ___" for Senate bills). If not enacted, it must be reintroduced in the next General Assembly with a new number.
Committee Work — Hearings
The bill goes to the appropriate committee, which holds hearings to gather expert opinions and determine the need for the legislation.
Committee Work — Markup, Amendments, Report
The committee may make amendments to the bill. If approved, a committee report endorsing the bill is issued.
Floor Debate
The bill is debated and can be further amended. The debate transcripts are accessible online for public viewing.
Passage and Consideration in Second Chamber
If the bill passes in the first chamber, it moves to the second chamber for a similar review process. If both chambers approve, it goes to the governor.
Gubernatorial Action
The governor can sign the bill into law, veto it, or take no action (resulting in an automatic law after 60 days). The type of veto can be total or amendatory. Once signed, the bill becomes a Public Act and is assigned a Public Act number.

Hearings

This bill has not been scheduled for a committee hearing.

Action History

3 actions recorded. Last action: 2026-02-05 — Referred toAssignments. Each action's meaning and outcome signal are classified automatically.

2026-02-05 Introduction & Filing

Filed with Secretary bySen. Emil Jones, III Rule 2-7(b)

Bill officially submitted to the Senate Secretary during the session.

2026-02-05 Introduction & Filing

First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38

Formal introduction — title read into the official record. Required procedural step; bill now exists in the system.

2026-02-05 Committee Assignment

Referred toAssignments Senate Rule 3-8(a); House Rule 18(a)

Sent to a committee (usually Rules in the House, Assignments in the Senate). The gatekeeping step — Rules/Assignments decides which substantive committee hears the bill.

All actions (table)

Date	Chamber	Action	Category	Signal
2026-02-05	Senate	Filed with Secretary bySen. Emil Jones, III Rule 2-7(b)	Introduction & Filing	—
2026-02-05	Senate	First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38	Introduction & Filing	—
2026-02-05	Senate	Referred toAssignments Senate Rule 3-8(a); House Rule 18(a)	Committee Assignment	—