HB 1503-FN (2022): adopting the Uniform Commercial Code relative to controllable electronic records, relative to exempting the developer, seller, or facilitator of the exchange of an open blockchain token from certain securities laws and establishing state procurement policies intended to promote the use of American materials.

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MLA
“HB 1503-FN (2022): adopting the Uniform Commercial Code relative to controllable electronic records, relative to exempting the developer, seller, or facilitator of the exchange of an open blockchain token from certain securities laws and establishing state procurement policies intended to promote the use of American materials.” Granite Record, https://graniterecord.org/bill/2022/hb1503. Accessed 24 Oct. 2026.
APA
Granite Record. (n.d.). HB 1503-FN (2022): adopting the Uniform Commercial Code relative to controllable electronic records, relative to exempting the developer, seller, or facilitator of the exchange of an open blockchain token from certain securities laws and establishing state procurement policies intended to promote the use of American materials. Retrieved 24 Oct. 2026, from https://graniterecord.org/bill/2022/hb1503
Chicago
Granite Record. “HB 1503-FN (2022): adopting the Uniform Commercial Code relative to controllable electronic records, relative to exempting the developer, seller, or facilitator of the exchange of an open blockchain token from certain securities laws and establishing state procurement policies intended to promote the use of American materials.” Accessed 24 Oct. 2026. https://graniterecord.org/bill/2022/hb1503.
BibTeX
@misc{bill-2022-hb1503, title = {HB 1503-FN (2022): adopting the Uniform Commercial Code relative to controllable electronic records, relative to exempting the developer, seller, or facilitator of the exchange of an open blockchain token from certain securities laws and establishing state procurement policies intended to promote the use of American materials.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2022/hb1503}, note = {Accessed 24 Oct. 2026} }

HB 1503-FN (2022)

adopting the Uniform Commercial Code relative to controllable electronic records, relative to exempting the developer, seller, or facilitator of the exchange of an open blockchain token from certain securities laws and establishing state procurement policies intended to promote the use of American materials.

  • Status: Signed into law
  • Term: 2021-2022
  • House committee: Commerce and Consumer Affairs
  • Senate committee: Commerce
  • Subject: Banking and Finance
  • Chapter law: 281

The Story

It was introduced on January 5, 2022 and referred to the House Commerce and Consumer Affairs committee. The committee held a work session on February 2, 2022. The committee met in executive session on February 2, 2022 to vote on its recommendation. The committee held work sessions on February 24, 2022 and March 3, 2022. The committee met in executive session on March 3, 2022 to vote on its recommendation. The majority recommended that the House pass it with changes (amendment 2022-0828h), and the minority recommended that the House study it after the session ends, by a vote of 14–4. The report was placed on the regular calendar. The committee's amendment (2022-0828h) was adopted on a voice vote on March 15, 2022, changing the text of the bill. On March 15, 2022 the House failed “Lay HB1503 on Table” on a roll call 149–188, on a motion by Rep. Van Houten. On March 15, 2022 the House voted to pass it with changes on a roll call 187–150. It crossed to the Senate on March 17, 2022 and was referred to the Senate Commerce committee. The committee held a public hearing on April 12, 2022. The committee recommended that the Senate pass it with changes (amendment 2022-1661s). The committee's amendment (2022-1661s) was adopted on a voice vote on April 28, 2022, changing the text of the bill. On April 28, 2022 the Senate voted to pass it with changes on a voice vote, then referred it on to the Senate Finance committee. The committee recommended that the Senate pass it with changes (amendment 2022-1939s). The committee's amendment (2022-1939s) was adopted on a voice vote on May 5, 2022, changing the text of the bill. A floor amendment (2022-1974s), offered by Sen. Sherman, was adopted on a voice vote on May 5, 2022, changing the text of the bill. On May 5, 2022 the Senate voted to pass it with changes on a voice vote and ordered it to a third reading. On May 5, 2022 the House adopted “House Non-Concurs with Senate Amendment 2022-1974s 2022-1939s 2022-1661s and Requests CofC (Reps. Hunt, Potucek, Osborne, McAleer)” on a voice vote. On May 12, 2022 the Senate adopted “Accedes to House Request for Committee of Conference” on a voice vote, on a motion by Sen. French. A committee of conference met on May 13, 2022 and May 19, 2022 to try to settle the differences between the two chambers' versions of the bill. On May 26, 2022 the Senate adopted the conference report (2022-2077c) on a voice vote. On May 26, 2022 the House adopted the conference report (2022-2077c) on a voice vote. The bill was enrolled on May 26, 2022 — the final check of the text before it goes to the governor — and an enrolled bill amendment (2022-2125e) was adopted on a voice vote to correct technical errors found after passage. The governor signed it on June 24, 2022, making it Chapter 281 of the session laws.

Sponsors

Hearings and Sessions

  • January 12, 2022, 2:00 PM: public hearing, House Commerce and Consumer Affairs, LOB302-304
  • February 2, 2022, 9:30 AM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302-304
  • February 2, 2022, 1:15 PM: executive session, House Commerce and Consumer Affairs, LOB302-304
  • February 24, 2022, 9:00 AM: work session, House Commerce and Consumer Affairs, LOB 302-304
  • March 3, 2022, 10:00 AM: subcommittee work session, House Commerce and Consumer Affairs, LOB 302-304
  • March 3, 2022, 1:15 PM: executive session, House Commerce and Consumer Affairs, LOB302-304
  • April 12, 2022, 9:10 AM: hearing, Senate Commerce, SH 100
  • May 13, 2022, 3:30 PM: committee of conference, LOB 206-208
  • May 19, 2022, 10:00 AM: committee of conference, LOB 206-208

Votes

  • March 15, 2022, House: Lay on Table — yeas 149, nays 188, failed
  • March 15, 2022, House: Ought to Pass with Amendment — yeas 187, nays 150, passed
  • April 28, 2022, Senate: Ought to Pass with Amendment 2022-1661s — voice vote, passed
  • May 5, 2022, Senate: Ought to Pass with Amendment s 2022-1939s and 2022-1974s — voice vote, passed
  • May 5, 2022, House: House Non-Concurs with Senate Amendment 2022-1974s 2022-1939s 2022-1661s and Requests CofC (Reps. Hunt, Potucek, Osborne, McAleer) — voice vote, passed
  • May 12, 2022, Senate: Accedes to House Request for Committee of Conference — voice vote, passed
  • May 26, 2022, Senate: Adopt Conference Committee Report — voice vote, passed
  • May 26, 2022, House: Adopt Conference Committee Report — voice vote, passed

The Docket

  • January 5, 2022: Introduced 01/05/2022 and referred to Commerce and Consumer Affairs
  • January 12, 2022: Public Hearing: 01/12/2022 2:00 p.m. LOB302-304
  • February 2, 2022: Subcommittee Work Session: 02/02/2022 09:30 am LOB 302-304
  • February 2, 2022: Executive Session: 02/02/2022 1:15 p.m. LOB302-304
  • February 24, 2022: Work Session: 02/24/2022 09:00 am LOB 302-304
  • March 2, 2022: ==CANCELLED== Subcommittee Work Session: 03/02/2022 09:00 am LOB 302-304
  • March 3, 2022: Subcommittee Work Session: 03/03/2022 10:00 am LOB 302-304
  • March 3, 2022: Executive Session: 03/03/2022 1:15 p.m. LOB302-304
  • March 9, 2022: Majority Committee Report: Ought to Pass with Amendment #2022-0828h (NT) (Vote 14-4; RC)
  • March 9, 2022: Minority Committee Report: Refer for Interim Study
  • March 15, 2022: Amendment #2022-0828h : AA VV 03/15/2022
  • March 15, 2022: Lay HB1503 on Table (Rep. Van Houten): MF RC 149-188 03/15/2022
  • March 15, 2022: Ought to Pass with Amendment 2022-0828: MA RC 187-150 03/15/2022
  • March 17, 2022: Introduced 03/17/2022 and Referred to Commerce
  • April 12, 2022: Hearing: 04/12/2022, Room 100, SH, 09:10 am
  • April 28, 2022: Committee Report: Ought to Pass with Amendment #2022-1661s , 04/28/2022
  • April 28, 2022: Committee Amendment #2022-1661s , AA, VV; 04/28/2022
  • April 28, 2022: Ought to Pass with Amendment 2022-1661s, MA, VV; Refer to Finance Rule 4-5; 04/28/2022
  • May 5, 2022: Committee Report: Ought to Pass with Amendment #2022-1939s , 05/05/2022; SC 18A
  • May 5, 2022: Committee Amendment #2022-1939s , AA, VV; 05/05/2022
  • May 5, 2022: Sen. Sherman Floor Amendment #2022-1974s , AA, VV; 05/05/2022
  • May 5, 2022: Ought to Pass with Amendment s 2022-1939s and 2022-1974s, MA, VV; OT3rdg; 05/05/2022
  • May 5, 2022: House Non-Concurs with Senate Amendment 2022-1974s 2022-1939s 2022-1661s and Requests CofC (Reps. Hunt, Potucek, Osborne, McAleer): MA VV 05/05/2022
  • May 12, 2022: Sen. French Accedes to House Request for Committee of Conference, MA, VV; 05/12/2022
  • May 12, 2022: President Appoints: Senators French, Carson, Cavanaugh; 05/12/2022
  • May 13, 2022: Conference Committee Meeting: 05/13/2022 03:30 pm LOB 206-208
  • May 19, 2022: Conference Committee Meeting: 05/19/2022 10:00 am LOB 206-208
  • May 19, 2022: Conference Committee Report Filed, #2022-2077c ; 05/26/2022
  • May 26, 2022: Conference Committee Report #2022-2077c , Adopted, VV; 05/26/2022
  • May 26, 2022: Conference Committee Report 2022-2077c: Adopted, VV 05/26/2022
  • May 26, 2022: Enrolled Bill Amendment #2022-2125e Adopted, VV, (In recess of 05/26/2022)
  • May 26, 2022: Enrolled Bill Amendment #2022-2125e : AA VV (in recess of) 05/26/2022
  • May 26, 2022: Enrolled Adopted, VV, (In recess 05/26/2022)
  • May 26, 2022: Enrolled (in recess of) 05/26/2022
  • June 24, 2022: Signed by Governor Sununu 06/24/2022; Chapter 281; 01/01/2023

Laws It Would Change

From the General Court