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SB34: Authorizing the KPERS board of trustees to invest in bitcoin exchange-traded products and providing requirements, limitations and definitions regarding such investments.
IntroducedSenate
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill allows the KPERS board of trustees to invest in bitcoin exchange-traded products. This means they can put some of the pension fund's money into investments that track the value of bitcoin.
Who This Affects
Kansans who are part of the Kansas Public Employees Retirement System (KPERS) will be affected by this bill, as their retirement funds may include these new investment options.
Key Provisions
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Timeline
Introduced
Thursday, January 16, 2025
Last Action
Senate Referred to Committee on Financial Institutions and Insurance
Jan 16, 2025
Sponsors
- Craig BowserRepublican
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