Florida · 2025 Regular Session · Bill
HB 487: Investments of Public Funds in Bitcoin
Did not advance Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
- Did not advance
Last official action: ·Record last updated:
Plain-language summary
HB 487 is a bill introduced in the Florida House on February 10, 2025. According to its official title, it concerns: Investments of Public Funds in Bitcoin. Primary sponsor: Webster Barnaby (Republican). It lists 1 additional sponsor. Most recent recorded action (June 16, 2025): Died in Government Operations Subcommittee.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Investments of Public Funds in Bitcoin; Authorizes CFO to invest in Bitcoin any money from certain public funds; provides limits to such investments; provides requirements for holding such Bitcoin; authorizes CFO & other parties to loan Bitcoin in state funds; requires taxes & fees paid in Bitcoin to be transferred to General Revenue Fund; requires General Revenue Fund to reimburse designated funds in United States currency for such payments; authorizes Trustees of SBA to invest & reinvest available funds of System Trust Fund in Bitcoin; provides that investments of public funds in Bitcoin are exempt from certain security requirements.
Sponsors
Sponsors by party (alphabetical): Republican 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Webster Barnaby | Primary sponsor | Republican | House | 29 |
| Chase Tramont | Co-sponsor | Republican | House | 30 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Died in Government Operations Subcommittee
- Indefinitely postponed and withdrawn from consideration
- Now in Government Operations Subcommittee
- Reported out of Insurance & Banking Subcommittee
- Favorable by Insurance & Banking Subcommittee
- Added to Insurance & Banking Subcommittee agenda
- 1st Reading (Original Filed Version)
- Now in Insurance & Banking Subcommittee
- Referred to Commerce Committee
- Referred to Ways & Means Committee
- Referred to Government Operations Subcommittee
- Referred to Insurance & Banking Subcommittee
Showing 12 most recent of 13 actions. Full history