IN HB 1217

died on adjournment

Regulation of stablecoin.

Indiana · 2026 Regular Session (2nd Regular Session, 124th General Assembly) · lower

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Quick answers

Did IN HB 1217 pass?

No. IN HB 1217 died when the 2026 Regular Session (2nd Regular Session, 124th General Assembly) adjourned without final action on it. Bills that die this way are sometimes reintroduced in a later session. Latest recorded action (2026-02-19): Committee report: do pass, adopted

What is IN HB 1217 about?

Prohibits a permitted payment stablecoin issuer or foreign payment stablecoin issuer from: (1) paying interest or any other type of yield; or (2) providing any other economic benefit; to a person in connection with the person's holding, use, or retention of a payment stablecoin. Provides that: (1) a payment stablecoin may be issued in Indiana only by a licensed payment stablecoin issuer; and (2) beginning July 1, 2028, subject to specified exceptions, a digital asset service provider may not offer or sell a payment stablecoin in Indiana that is not issued by a licensed payment stablecoin issuer. Requires the department of financial institutions (department) to: (1) administer licensure of persons to act as payment stablecoin issuers; and (2) regulate and supervise licensed payment stablecoin issuers. Establishes requirements for licensure as a payment stablecoin issuer and a process by which an applicant for licensure may appeal denial of the applicant's application. Imposes reporting requirements for licensed payment stablecoin issuers. Specifies powers of the department in regulating and supervising licensed payment stablecoin issuers. Specifies civil and criminal penalties for violations. Provides for priority of claims in an insolvency action regarding a licensed payment stablecoin issuer.

Who sponsors IN HB 1217?

Scott Baldwin, Kyle Pierce are the primary sponsors of IN HB 1217, joined by 2 cosponsors.

Description

Introduced: —
Latest action: 2026-02-19 — Committee report: do pass, adopted
Bill type: bill
Last updated: —

Subjects

Committees

Not provided by source.

Action timeline

Newest first

2026-02-19
Committee report: do pass, adopted
committee-passage
2026-02-12
Committee report: do pass adopted; reassigned to Committee on Appropriations
committee-passage,referral-committee
2026-01-26
First reading: referred to Committee on Insurance and Financial Institutions
reading-1,referral-committee
2026-01-21
Referred to the Senate
referral
2026-01-20
Representative Judy added as coauthor
2026-01-20
Senate sponsor: Senator Baldwin
2026-01-20
Third reading: passed; Roll Call 61: yeas 67, nays 23
passage,reading-3,reading-3
2026-01-15
Second reading: ordered engrossed
reading-2
2026-01-13
Committee report: amend do pass, adopted
committee-passage
2026-01-12
Representative Teshka added as coauthor
2026-01-05
Authored by Representative Pierce K
2026-01-05
First reading: referred to Committee on Financial Institutions
reading-1,referral-committee

Versions

Introduced House Bill (H)Compare
House Bill (S)Compare
(document, no version)Compare

Documents

Votes

HB 1217 - Pierce K - 3rd Reading
2026-01-20 · pass · 67-23
Member-level votes (100)
- Abbott: yes
- DeVon: yes
- Lauer: yes
- Pfaff: yes
- Andrade: yes
- Engleman: yes
- Lawson: yes
- Pierce, K: yes
- Aylesworth: yes
- Genda: yes
- Ledbetter: yes
- Shonkwiler: yes
- Baird: yes
- Goss-Reaves: yes
- Lehman: yes
- Slager: yes
- Barrett: yes
- Greene: yes
- Lindauer: yes
- Smaltz: yes
- Bartels: yes
- Haggard: yes
- Lopez: yes
- Smith, H: yes
- Bascom: yes
- Hall: yes
- Lucas: yes
- Snow: yes
- Behning: yes
- Hamilton: yes
- May: yes
- Soliday: yes
- Borders: yes
- Heaton: yes
- McGuire: yes
- Steuerwald: yes
- Carbaugh: yes
- Hostettler: yes
- McNamara: yes
- Sweet: yes
- Cash: yes
- Isa: yes
- Miller, K: yes
- Teshka: yes
- Clere: yes
- Jeter: yes
- Morris: yes
- Thompson: yes
- Commons: yes
- Johnson, B: yes
- Moseley: yes
- VanNatter: yes
- Criswell: yes
- Jordan: yes
- O'Brien: yes
- Wesco: yes
- Culp: yes
- Judy: yes
- Olthoff: yes
- Yocum: yes
- Dant Chesser: yes
- King: yes
- Patterson: yes
- Zimmerman: yes
- Davis: yes
- Klinker: yes
- Payne: yes
- Bartlett: no
- GiaQuinta: no
- Mayfield: no
- Pressel: no
- Bauer: no
- Gore: no
- Moed: no
- Pryor: no
- Burton: no
- Harris: no
- Novak: no
- Shackleford: no
- DeLaney: no
- Hatcher: no
- Pierce, M: no
- Smith, V: no
- Errington: no
- Ireland: no
- Porter: no
- Summers: no
- Garcia Wilburn: no
- Jackson, C: no
- Prescott: no
- Campbell: excused
- Heine: excused
- Meltzer: excused
- Pack: excused
- Dvorak: excused
- Manning: excused
- Miller, D: excused
- Rowray: excused
- Karickhoff: not voting
- Mr. Speaker: not voting

Related bills

No related bills recorded for this bill.

Official source

https://api.iga.in.gov/2026/bills/hb1217

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:22:09.317128Z

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