Indiana legislation · 2026 Regular Session
Indiana HB1042: A BILL FOR AN ACT to amend the Indiana Code concerning state and local administration.
Status: Signed into law, February 27, 2026
Regulation and investment of cryptocurrency.
What the bill says
An act to amend the Indiana Code concerning state and local administration.
From the enrolled text:
AN ACT to amend the Indiana Code concerning state and local administration. SECTION 1. IC 2-3.5-2-2.8 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2026]: Sec. 2.8. "Cryptocurrency" means a virtual currency (2) is designed to function as a medium of exchange; and (3) uses encryption technology (B) verify fund transfers; and (C) prevent counterfeiting. The term does not include payment stablecoin. SECTION 2. IC 2-3.5-5-3.3 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2026]: Sec. 3.3. (a) Not later than July 1, 2027, the board shall offer, as a regular investment program within the defined contribution fund, a self directed brokerage account that offers at least one (1) cryptocurrency investment option. (b) The board may adopt requirements and rules that apply to a cryptocurrency investment option under a self directed brokerage account offered under subsection (a), including the following: HEA 1042 -- Concur (1) The board's investment guidelines and limits for the cryptocurrency investment option. (2) A participant's selection of and changes to the participant's investment options. (3) The valuation of a participant's account. (4) The allocation and payment of administrative expenses for the cryptocurrency investment option. (c) The board shall determine the appropriate administrative fees to be charged to the …
Sponsors
- Kyle Pierce (R, HD-036) · primary sponsor
- Jake Teshka (R, HD-007)
- Judy, Chris (R)
- Heath VanNatter (R, HD-038)
Latest actions
- : Public Law 49
- : Signed by the Governor
- : Signed by the President of the Senate
- : Signed by the President Pro Tempore
- : House concurred with Senate amendments; Roll Call 370: yeas 59, nays 33
- : Signed by the Speaker
- : Motion to concur filed
- : Returned to the House with amendments
- : Third reading: passed; Roll Call 198: yeas 35, nays 10
- : Second reading: ordered engrossed
Votes
- HB1042.04.COMS.CON01 (February 25, 2026): 59 yea, 33 nay, passed
- HB1042.04.COMS (February 19, 2026): 35 yea, 10 nay, passed
- HB1042.02.COMH (January 22, 2026): 53 yea, 42 nay, passed
Subjects: PENSIONS AND RETIREMENT BENEFITS; Public Retirement System (INPRS) (Including Excise, Gaming and Conservation Officers' Retireme, AGENCIES; Public Retirement System (INPRS), COURTS; Generally, TASK FORCES AND COMMITTEES; New, FINANCIAL SERVICES; Currency, LOCAL GOVERNMENT; Generally
Common questions
- What is HB1042?
- HB1042 is a bill in the Indiana Legislature (2026 Regular Session): A BILL FOR AN ACT to amend the Indiana Code concerning state and local administration.
- What does HB1042 do?
- In its own words: An act to amend the Indiana Code concerning state and local administration.
- What is the status of HB1042?
- Signed into law as of February 27, 2026. Latest action: Public Law 49 (March 3, 2026).
- Who sponsored HB1042?
- Kyle Pierce (R, HD-036), with 3 co-sponsors.
- Where is the official record for HB1042?
- On the Indiana Legislature website: /2026/bills/hb1042
Source: official Indiana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.