Kansas SB34: Authorizing the KPERS board of trustees to invest in bitcoin exchange-traded products and providing requirements, limitations and definitions regarding such investments

What the bill says

An act concerning retirement and pensions; relating to the Kansas public employees retirement system; authorizing the board of trustees to invest up to 10% of the moneys of the Kansas public employees retirement fund in bitcoin exchange-traded products; providing requirements, limitations and definitions regarding such investments; amending K.S.A. 2024 Supp. 74-4921 and repealing the existing section.

From the introduced text, January 16, 2025:

AN ACT concerning retirement and pensions; relating to the Kansas public employees retirement system; authorizing the board of trustees to invest up to 10% of the moneys of the Kansas public employees retirement fund in bitcoin exchange-traded products; providing requirements, limitations and definitions regarding such investments; amending K.S.A. 2024 Supp. 74-4921 and repealing the existing section. Be it enacted by the Legislature of the State of Kansas: Section 1. K.S.A. 2024 Supp. 74-4921 is hereby amended to read as follows: 74-4921. (1) There is hereby created in the state treasury the Kansas public employees retirement fund. All employee and employer contributions shall be deposited in the state treasury to be credited to the Kansas public employees retirement fund. The fund is a trust fund and shall be used solely for the exclusive purpose of providing benefits to members and member beneficiaries and defraying reasonable expenses of administering the fund. Investment income of the fund shall be added or credited to the fund as provided by law. All benefits payable under the system, refund of contributions and overpayments, purchases or investments under the law and expenses in connection with the system unless otherwise provided by law shall be paid from the fund. The director of accounts and reports is authorized to draw warrants on the state treasurer and against such fund …

Read the full official text

Sponsors

• Craig Bowser, Craig (I) · primary sponsor

Latest actions

1. April 10, 2026: Died in Committee
2. February 20, 2025: Final Action - Passed as amended; Yea: 122 Nay: 0
3. February 19, 2025: Committee of the Whole - Be passed as amended
4. February 19, 2025: Committee of the Whole - Committee Report be adopted
5. February 14, 2025: Committee Report recommending bill be passed as amended by Committee on Veterans and Military
6. February 13, 2025: Hearing: Thursday, February 13, 2025, 9:00 AM Room 281-N
7. February 11, 2025: Hearing: Tuesday, February 11, 2025, 9:00 AM Room 281-N - CANCELED
8. February 5, 2025: Referred to Committee on Veterans and Military
9. February 5, 2025: Introduced
10. January 17, 2025: Referred to Senate Committee on Financial Institutions and Insurance

Common questions

What is SB34?

SB34 is a bill in the Kansas Legislature (2025-2026 Regular Session): Authorizing the KPERS board of trustees to invest in bitcoin exchange-traded products and providing requirements, limitations and definitions regarding such investments.

What does SB34 do?

In its own words: An act concerning retirement and pensions; relating to the Kansas public employees retirement system; authorizing the board of trustees to invest up to 10% of the moneys of the Kansas public employees retirement fund in bitcoin exchange-traded products; providing requirements, limitations and definitions regarding such investments; amending K.S.A. 2024 Supp. 74-4921 and repealing the existing section.

What is the status of SB34?

In committee as of April 10, 2026. Latest action: Died in Committee (April 10, 2026).

Who sponsored SB34?

Craig Bowser, Craig (I).

Where is the official record for SB34?

On the Kansas Legislature website: https://kslegislature.gov/li/b2025_26/measures/sb34/