PROPERTY/UNCLAIMED: Provides with respect to abandoned digital assets
This bill amends the state's laws regarding unclaimed property to include digital assets, ensuring they are treated similarly to traditional assets like cash or securities. It directly affects individuals who hold digital assets, such as cryptocurrency or online account balances, and the institutions that manage these funds. The key mechanism involves updating specific legal codes to explicitly list digital assets under the definition of unclaimed property, thereby clarifying how they must be reported and handled. By making this change, the legislation aims to close a regulatory gap where digital assets might otherwise be overlooked in unclaimed property searches. The bill is currently in its final stages of legislative review and adoption.
Bill status
signed
all 5 stages cleared
Introduction
Apr 2026
Committee Review
May 2026
House Passage
May 2026
Senate Passage
May 2026
Signed into Law
Jun 2026
Introduced Apr 29, 2026
Signed Jun 9, 2026
Maddy AI version diff · 3 comparisons
What changed between versions
HB1256 Original
→
HB1256 Act 891
·
4 edits
MODERATE
The bill was renumbered from HB 1256 to Act 891 and updated to include a new definition for 'Property' alongside existing digital asset definitions. The scope of the law was expanded to cover a broader range of intangible assets beyond just digital currencies, while simultaneously clarifying that securities, game content, gift cards, and loyalty cards are excluded from digital asset protections. The abandonment timeline for digital assets remains three years, but the rules for what counts as an 'indication of interest' were expanded to include actions on other accounts held by the same institution.
Scope change
The bill's scope was broadened to include general intangible property in addition to digital assets, while explicitly excluding securities, game content, gift cards, and loyalty cards from the digital asset definitions.
DEFINITION
Added a new definition for 'Property' to cover fixed interests in intangible property held in a business or government context.
Reorganized the statutory text to list the new 'Property' definition before the specific digital asset definitions.
Clarified that 'Digital assets' do not include securities, game-related digital content, gift cards, or loyalty cards.
ELIGIBILITY
Expanded the criteria for what constitutes an 'indication of interest' to include transactions on other accounts held by the same digital asset holder.
Floor votes · Senate May 28, 2026 · House May 11, 2026
How they voted
36–0
Passed · 4 other
Total votes 40
May 28, 2026
D
Democratic12
75% Yea
R
Republican28
96% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
22
Key actions
5
Committee
3
May 29, 2026
Lower · Passed
Read by title, roll called, yeas 97, nays 0, Senate amendments concurred in.
lower
May 28, 2026
Upper · Passed
Senate floor amendments read and adopted. Read by title, passed by a vote of 35 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.
upper
May 21, 2026
Committee
Read by title and referred to the Legislative Bureau.
upper
May 20, 2026
Upper · Passed
Reported favorably.
upper
May 11, 2026
Lower · Passed
Read third time by title, roll called on final passage, yeas 95, nays 2. Finally passed, title adopted, ordered to the Senate.
lower
May 6, 2026
Lower · Passed
Read by title, substitute title adopted, lies over in the same order of business, substitute for HB No. 947 reported by the Committee on Commerce (10-0).
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Shaun Mena
DDemocratic
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