Utah SB0298 regulates programmable money, prohibiting denial of transactions based on certain criteria and requiring issuers to provide reasons for.

Utah SB0298, the Programmable Money Amendments, defines programmable money and sets rules for its use. It prohibits requiring programmable money for transactions unless a non-digital alternative is offered. The bill outlaws issuers from denying transactions based on factors like political opinions, religious beliefs, or lawful firearm ownership. Issuers must provide detailed reasons for denials and face fines up to $10,000 per violation. The bill also allows aggrieved parties to seek statutory and declaratory relief, actual and punitive damages, and attorney fees.

Utah SB0298 regulates programmable money, prohibiting denial of transactions based on certain criteria and requiring issuers to provide reasons for.

Utah SB0298, the Programmable Money Amendments, defines programmable money and sets rules for its use. It prohibits requiring programmable money for transactions unless a non-digital alternative is offered. The bill outlaws issuers from denying transactions based on factors like political opinions, religious beliefs, or lawful firearm ownership. Issuers must provide detailed reasons for denials and face fines up to $10,000 per violation. The bill also allows aggrieved parties to seek statutory and declaratory relief, actual and punitive damages, and attorney fees.