TO MAKE TECHNICAL CORRECTIONS TO TITLE 4 OF THE ARKANSAS CODE CONCERNING BUSINESS AND COMMERCIAL LAW.
SB 171 makes minor grammatical corrections to Arkansas Code § 4-56-107(d)(4)(A), which addresses digital currency and financial institution compliance. It changes phrases like "does not require" to "does not prohibit" and "from compliance with" to "from complying with" to fix errors in existing law. The bill directly affects financial institutions by clarifying that they are not prohibited from complying with federal laws like the Right to Financial Privacy Act and Bank Secrecy Act. It contains no new requirements or policy changes - it is purely a technical correction to the wording of an existing provision. The bill does not alter legal obligations or create new rules for businesses or consumers.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2025
Committee Review
Feb 2025
Senate Passage
Feb 2025
House Passage
Feb 2025
Signed into Law
Feb 2025
Introduced Jan 31, 2025
Signed Feb 25, 2025
Maddy AI version diff · 1 comparison
What changed between versions
Act 164
→
SB 171
·
2 edits
MINOR
This bill transitioned from Act 164 to SB 171, primarily updating the legislative title and removing the approval date of 2/25/25. The substantive content regarding how the act interacts with existing laws remains unchanged.
TECHNICAL
Removed the approval date line that read 'APPROVED: 2/25/25'.
Changed the bill title from 'Act 164' to 'SB 171' and updated the session reference to 95th General Assembly, Regular Session 2025.
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
15
Key actions
7
Committee
2
Feb 25, 2025
Signed into law
Notification that SB171 is now Act 164
upper
Feb 19, 2025
Upper · Passed
Returned from the House as passed.
upper
Feb 19, 2025
Lower · Passed
Returned to the Senate as passed.
lower
Feb 19, 2025
Lower · Passed
Read the third time and passed and ordered transmitted to the Senate.
lower
Feb 18, 2025
Lower · Passed
Returned by the Committee Do Pass
lower
Feb 13, 2025
Upper · Passed
Read the third time and passed.
upper
Feb 12, 2025
Upper · Passed
Returned by the Committee, with the recommendation that it Do Pass
upper
Jan 31, 2025
Introduced
Filed
upper
2 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Clarke Tucker
DDemocratic
P
Jimmy Gazaway
RRepublican
Co
Josh Bryant
RRepublican
Co
Matthew Shepherd
RRepublican
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